The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: How to Raise a Venture Fund from Deck to First Meetings to Final Close, Why Venture is a Young Person's Game and Why Multi-Stage Funds Have Not Ruined Seed with Rob Go, Co-Founder @ Nextview
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Jun 23, 2023 Rob Go, co-founder of NextView Ventures, shares his unique journey into venture capital, sparked by a cold call. He discusses why he believes venture is a young person's game and the common pitfalls emerging fund managers face when preparing for a raise. Rob provides insights on effectively meeting LPs for the first time and emphasizes the importance of having an anchor investor. He also highlights strategies for mastering post-meeting follow-ups and maintaining meaningful relationships in the fundraising landscape.
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Key LP Documents
- Focus your LP materials on the deck and track record.
- Other materials are less important, unless you have unique assets like a media company.
Equal Partnership Importance
- Equal partnerships are crucial for long-term alignment and prevent renegotiations based on fund performance.
- This structure avoids potential conflicts and promotes a shared vision.
Fundraising Strategy
- For first-time fund managers, a bottom-up strategy is recommended.
- Secure commitments from trusted individuals first, then target slower-moving institutional LPs.