OpenLP's stream this month has been full of content about fundraising, rolling funds, and tips for emerging managers for their first fund.
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This Week
08/11/2020
Fundraising, rolling funds, strategies for raising your first venture fund, and more! OpenLP's content feed this month has been full of new perspectives and insights for GPs looking to raise funds, and commentary on what rolling funds might mean for the venture industry.
Reminder that if you have a perspective you'd like to share, you can submit it to OpenLP here.
Virtual Annual Meetings are Here to Stay: Best Practices for Re-Imagining the AGM for our Remote World
Love them or hate them, virtual annual meetings (AGMs) are here to stay for now. Unfortunately, rather than being a temporary fix, it looks like AGMs will be held virtually for the foreseeable future. Given this shift, I wanted to update our recommendations in advance of the Fall (now virtual) annual meeting season...
While the “front” or entrepreneur-facing side of the venture industry has been demystified over the last 10 years, the back-end of the business, or how venture firms emerge and raise funds from limited partners (“LPs”), remains opaque.
Kate Shillo Beardsley talks about future of venture capital investing in new economy
Kate is the Founding Partner of Hannah Grey investing at the intersection of human behavior and technology in the new economy. She was previously at Upslope Ventures and was a Founding Member of Lerer Hippeau (Funds I, II & III) in NYC, investing in 200+ companies. Kate is Co-Chair of The Rocky Mountain Venture Capital Association and is based in Denver, Colorado.
How Emerging Venture Capital Fund Managers Should Think About Their LP Fundraising Strategies
For many emerging VC managers, fundraising from LPs seems like an obscure procedure that is difficult to comprehend and hard to do right. I think it becomes much clearer if you look at fundraising as a typical B2B sales process, viewing the fund that you try to pitch as the financial product that you want to sell.
20VC: SAHIL LAVINGIA ON ROLLING FUNDS AND THEIR IMPACT ON THE FUTURE OF VENTURE
Sahil Lavingia is the Founder and CEO @ Gumroad, the company that helps creators do more of what they love. However, most recently Sahil has made waves launching one of the first rolling funds on AngelList with his being $6M per year. In the past, Sahil has backed the likes of Lambda School, Figma, HelloSign and Haus to name a few.
Having seen successful returns as a fund manager and an early-stage VC (as well as recently raising my own angel fund), I’ve formulated several best practices and strategies for investing in fund managers. If you want to raise your first fund, here’s how.
Will Rolling Funds Roll Over the Venture Capital Industry?
In the world of venture capital, the big news of the past two weeks has been AngelList’s “Rolling Venture Funds.” More than 15 funds have publicly launched on the platform since February, including those led by...
In late March, headlines mourned a once-robust 2020 IPO environment amid plummeting public equity market woes. Four months into the pandemic, equity indices are making a recovery despite continued macroeconomic headwinds, largely powered by the technology sector. Notably, the Nasdaq, which is heavily allocated to venture-backed industries such as technology and healthcare, has...
The use of placement agents for Emerging fund managers
For emerging managers, the actual capital raise of a fund represents the most significant friction point for getting off the ground (and early on, scaling a firm). This issue has prevented many aspiring investors from starting firms, and has led to the advent of models such as the AngelList Rolling Fund product.
At the start of 2020, Kauffman Fellows and First Republic Bank surveyed family offices (“FO”) to better understand their current investment theses and outlooks. We ran the survey again to explore how COVID-19 has changed family office outlook.
OpenLP is supported by Sapphire Ventures. Launched in 2012, Sapphire Partners invests in early-stage, technology-focused venture funds from an evergreen-like capital structure.
Sapphire Ventures
3408 Hillview Ave
Palo Alto, CA 94304 United States
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Sapphire Ventures 3408 Hillview Ave Palo Alto, CA 94304 United States