This Week in Startups Ben Narasin on raising a new VC fund in a down market, + Natalie Barbu of Rella | E1515
Jul 23, 2022
Ben Narasin, Founder of Tenacity VC, shares insights on raising a new venture capital fund amid a tough market, discussing the necessity of quick decision-making and the importance of liquidity. He highlights the shift towards smaller, agile funds as valuations decline. Meanwhile, Natalie Barbu, Founder of Rella, discusses her journey as a lifestyle influencer and how her platform streamlines workflows for creators. She emphasizes the importance of collaboration and tools that enhance productivity in the creator economy.
AI Snips
Chapters
Transcript
Episode notes
Fast Fundraising
- Ben Narasin secured half his fund's commitments within 25 days of pitching, leading to a rapid fund closure.
- This necessitated quick action to establish legal and back-office support.
Prioritize Returns Over Niche Focus
- Focus on delivering top-tier returns, rather than specializing in niche sectors.
- Generalist funds historically outperform focused funds, except for crypto and fintech.
LP vs. GP Priorities
- LPs prioritize realized returns, while GPs often focus on multiples.
- Ben Narasin emphasizes realized multiples, prioritizing returning cash to LPs.