If someone ever writes a biography on me, they will probably include today as a turning point. Got my first institutional LP AND my first anchor LP both officially committed and then made a new Friend (thanks @AviSchiffmann 🥰)

Anyone have an office near Market? Need to take 2 calls between 2:30 and 3:45 and then I’ll get out of your hair.

Everyone I know is always on planes and I have not gotten on a plane for work in 5 years since I moved to the Bay. Am I doing something wrong? I manage to meet everyone in person and timing always works out. I was offline for 4 of those years too so I’m actually stressed.

What I didn’t understand about raising a VC fund is that each LP has a different “product” they want to “buy” & returns are just one element. I doubled the amount I raised in the last 2 weeks because I figured out who my “customers” are & what they’re LPing for. For Fund 1, unless you’re spinning out of a platform, your LPs will be HNWIs & Family Offices who want coinvest opportunities & GPs who want dealflow. Institutions & Fund of Funds want to know you can build a firm, can repeatedly source and win, and can build meaningful ownership in your winners. It’s hard to prove you can do any of that if you don’t have 1-2 funds of track record to point to. I think Emerging Managers who have great track records but struggle to raise have a mismatch between what they think they’re selling and what LPs perceive they’re selling. I had to keep iterating on messaging and “evolving” my product until it finally started working, and got very lucky that a few very seasoned GPs pulled me aside and offered me this advice and introductions to LPs.

In an ironic sign of the times, was driving by Benchmark’s office in Woodside on an urgent call with a company I invested in that just got preempted by a16z and the call failed due to no service. No notes.

Is there anywhere to meet people outside of Blue Bottle in South Park? I take all my in person meetings there, go for a walk around the park & end up at the Cluely or Standard Intelligence offices. Also looking for the best bars, lunch places, coffee shops, etc. to meet people.

Need to take a Zoom from 11:45-12:15 in Palo Alto tomorrow does anyone have an office I can working out of 🥹 I’ll buy your team coffee

SF is funny cus I hosted a dinner with @rhobusiness and 14 of my founders & an old lady at the table next to us wanted to use one of their smart glasses & then told us her husband is a billionaire VC…??? @AviSchiffmann @KevinUnkrich @jzlegion @jasonljin @jusungpark_ @kunalshxh

I went to market beating my chest about how good I am at investing and literally not a single LP cared. The only thing that mattered was could I get them into the next sequoia or benchmark deal and if I had 8 figs of coinvest. Dumb, but that’s how you raise fund 1 in 2025…

Wrote a check into a co at a $40m cap like 6 weeks ago because I figured Zuck would buy the team for at least $800m and they already raised at $120m from Nvidia. I can't believe I spent 5 years getting punched in the face as a founder when I could've just been Chris Sacca.