Investing in a Distress Fund

I would love to say that it was the market, but wasn't. It was me making a lot of dumb mistakes,. And just investing in companies that looked great in a spread sheet, and did not. The whole fund over all, lost money. I would highly bey not recommend having your first fund when you launched o lose money. So that raises the question, if the first fund was a bit of a stiff how did you raise money for the second? Well, thankfully, we were, i really communicated a lot with dug and tom, and they understood. They could see us getting better, you know,  and fixing a lot of thingsthat we got wrong.