This Week in Startups Raising a VC fund in public + Brilliant Planet's Raffael Jovine on the power of algae | E1552
Sep 4, 2022
Raffael Jovine, founder and chief scientist of Brilliant Planet, discusses groundbreaking methods for carbon sequestration using algae. He explains how cultivating algae in seawater can capture more CO2 than forests, leveraging desert land for growth. The conversation also touches on innovative strategies for raising a VC fund in public, emphasizing transparency in the investment process. Jovine highlights the significance of developing reliable carbon credits and navigating the complex landscape of climate solutions, showcasing the potential of algae in combating climate change.
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Raising a VC Fund Publicly
- Consider raising a VC fund publicly under 506c regulations.
- This allows general solicitation and broader reach to potential LPs.
506b Fundraising Limitations
- Traditional 506b fundraising restricts public disclosure and limits LP outreach.
- This secrecy can hinder access to diverse and impactful LPs.
Benchmark's LP Strategy
- Benchmark maintained the same LPs for years, only removing one after they didn't contribute during a down market.
- This highlights the importance and stability of long-term LP relationships in venture capital.
