E42: 6 Hard Questions You Should Ask LPs When Raising Your Venture Capital Fund with Katie Riester

Katie Riester, Managing Director at Felicis sits down with David Weisburd to discuss venture capital fund strategies, building relationships with GPs, and the math behind venture capital. They discuss the importance of clear communication with LPs, common red flags, and advice for new LPs. (0:00) Introduction to Katie Riester and understanding your LP (2:43) Ownership and fund of funds strategy at Felicis (5:32) Building GP/LP relationships and managing expectations (9:55) Strategies and pitfalls in fund management (11:18) Sponsor: Deal (14:26) Reasons for not re-upping and addressing LP concerns (20:05) Best practices in GP/LP communication (23:47) Understanding and meeting LP perspectives and needs (26:38) Advice for new venture capital LPs and common mistakes (29:11) Motivations and joys of working with GPs and LPs (31:15) Closing remarks and thank you