0
Fundraising

Is Raising the Education Fund Goal from $15m to $50m Beneficial for Attracting Investors?

Asked by:
Community Member
1
0
1
May 03, 2023
Been advised that for the ambition my education fund has and the types of investments it will make (in companies and initiatives) the $15m I had in mind is too low and may dissuade some folks from getting involved - been encouraged to look at a higher number e.g. $50m with $15m as a first close. Thoughts?
1 answer
Mike Suprovici
Accepted Answer
May 03, 2023
It will be extremely challenging for a first time manager to raise a $50m fund. The majority of LP archetypes do not invest in new managers. You should raise a smaller fund to prove out the thesis and to build your track record. Then, use this to raise a larger fund.

Log In

Please Log In with your Decile Hub credentials.

Log In

Apply to VC Lab Cohort 13

Get full access to Decile Base and the Decile Hub venture platform for free by joining the VC Lab program.

Apply to VC Lab Cohort 13