Digital Social Hour How to Start a $50M Investment Fund (From Scratch!) | DSH #1198
17 snips
Feb 22, 2025 
Bridger Pennington, a fund manager with over $50 million in assets, shares his incredible journey into the world of investment funds. He discusses the challenges of raising capital, including a personal rejection from a family member, and offers insights on avoiding investment fraud and understanding market manipulation. Bridger dives into the dynamics of major firms like BlackRock, the implications of the AI arms race, and even touches on the future of asteroid mining. His blend of personal experience and expert advice makes for a compelling discussion.
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From Pizza-Sized Fund To Big Returns
- Bridger pitched his first fund at 22 and his dad refused to invest to force him to raise capital independently.
- That fund raised $49,500 and returned 64% to investors, proving the approach worked.
Make The Deal Irresistible
- Focus the pitch on a compelling deal and clearly outline every risk and opportunity to overcome lack of track record.
- Tell investors to do their own due diligence and let the deal speak louder than your age or resume.
Insist On Independent Audits
- Always require third-party audits and third-party administration before investing in any fund.
- If a fund manager doesn't know what third-party administration means, avoid investing immediately.
