LP Networking Partner 
David Teten
JANUARY 23, 2021
I’ve been fortunate to be a Partner at two different VC firms over the past 9 years, and we’ve grown AUM 10X both times. Build the firm as much as possible before you solicit limited partners. . The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. Lastly, gather feedback.
thebarefootvc
JULY 3, 2017
I knew, because of my broad network, female and other minority founders would comprise a large percentage of the fund. Limited partners (LPs), who manage the capital that gets deployed into venture capital funds, can play an important role in diversifying the funding landscape.
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VC Cafe
SEPTEMBER 5, 2024
Example: Emerging managers handle everything from deal sourcing to LP communications to social media in-house. Build Unique Networks Emerging managers create their own communities instead of relying on established circles. They often focus on niche sectors or geographies to build expertise and networks. Riches in Niches.
This is going to be BIG.
OCTOBER 5, 2012
Your team does a good job hustling around to find good teams, but the reality is that your dealflow is more dependent on your network than it is any kind of objective criteria. I know how hard it is myself because I used to vet VCs for a living when I was on the insitituional LP side. They don't know you exist and you don't know them.
Both Sides of the Table
JUNE 22, 2021
I counsel first-time VCs (as well as founders) to have mid-funnel strategies to get from first LP meeting to close and to put a disproportionate amount of time into this area (I say more about this on the podcast starting at timecode 27:41). OK, so you’ve found your target LPs who invest in funds at your stage.
David Teten
DECEMBER 3, 2019
But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. Most of us want one spouse and we’re done.
David Teten
APRIL 13, 2021
Here lies the two degrees of separation: the agent must get to the IC, who in turn must get to the LP. Placement agents have to offer their investor network a range of funds to support themselves. Typically less helpful for LPs to talk with intermediaries. . Limited partner checklist for evaluating funds.
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