This Week in Startups Creating a new venture fund: formation, follow-on strategies & more with Acquired | E1258
Aug 3, 2021
Ben Gilbert is the co-founder of Pioneer Square Labs and co-host of Acquired.fm, while David Rosenthal is an independent angel investor and founder of Kindergarten Ventures. They dive into the formation of Kindergarten Ventures, discussing targeted investments and the challenges of relationship-building in the VC space. Strategies for managing follow-on investments and ownership structures are highlighted. They also share insights on how podcasts serve as vital networking tools in tech, teasing an upcoming conversation on the 'Mount Rushmore of Venture Capital.'
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Kindergarten Ventures
- David Rosenthal started a small angel fund called Kindergarten Ventures.
- The fund size is a couple of million dollars, and it aims for 20-40 investments.
No Management Fees
- Don't take management fees in a small fund if you have other income sources.
- Focus on the carry and reinvest profits into the fund.
Hold Winners
- Ride your winners and hold onto investments in promising companies for the long term.
- Don't sell early; the biggest gains come from the later stages of growth.