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…
Sheel Mohnot
Sheel Mohnot16.7. klo 04.43
Interesting- Brian Singerman and Lee Linden are raising a $500M+ fund-of-funds: 20% to pre-seed/seed funds, 80% to partner with those funds leading Series B’s. Smart strategy imo. Industry Ventures runs a similar playbook, has been a great partner to us
91