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Fundraising

How to Manage a $5m Investment Offer from an LP Prospect Seeking to Become a GP in My $10m Venture Studio Fund?

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May 03, 2023
How do I handle a $5m investment offer from an LP prospect who wants to become an institutional GP in my $10m venture studio fund?
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Mike Suprovici
Accepted Answer
May 03, 2023
Send them a PACT and don’t over-think this. It’s a LONG way between here and them wiring money. So say: Great, here is a non-binding commitment as a next step.
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