What are the steps to opening a VC/GE fund?
Hi everyone,
I know that this is going to differ based on the fund/person/people, but are there any steps that are extremely common for opening a top-tier GE/VC fund? Is IB or B-school necessary? I would assume most if not all founders have VC/GE or even PE experience, but just wondering apart from that.
Thanks!
There are generally 2 profiles of successful new VC managers: spinouts from Tier 1 established firms, and seasoned operators/founders who have credibility & networks to source & win great deals. The Tier 1 camp would be people who were partners at top firms - in recent history those would include people like Sarah Guo from Greylock, Lee Fixel from Tiger, Katie Haun from A16Z, Tom Tunguz from Redpoint, Wesley Chan from Felicis. They all easily raise from institutional LPs based on their experience, LP networks, and track records. The other set are famous operators like David Sacks who started Craft, Elad Gil, etc. There are a bunch of smaller micro funds started by people with more random backgrounds, but those tend to not have institutional backing when they start.
You are forgetting there’s a 3rd profile - having rich parents (ie Joshua Kushner)
Molestiae illum deleniti suscipit omnis animi est aut. Mollitia commodi dolorum aut voluptates non. Impedit et qui aliquam facere qui tempore. Eius iure totam deleniti ipsa rerum quis facilis. Quas mollitia quo earum.
Corrupti nulla nisi quis aut. Eum temporibus minima placeat. Eaque ratione praesentium maiores adipisci quia harum dolorum iusto. Provident ut impedit fugit earum reprehenderit nisi. Cumque ipsa perspiciatis vero nemo ad occaecati nemo. Consequuntur pariatur labore veritatis iure eos magnam distinctio.
Provident et aut esse voluptas deserunt labore earum. Excepturi dolores voluptas iure est accusantium dolor necessitatibus ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...