Venture funds traditionally required $250K minimums, but emerging LPs like IT professionals and doctors investing $50K to $100K annually are changing that. Tech operators are now launching smaller side funds to let more people into deals.
What I think has been successful on both sides, you know, as an LP, an LP could be an emerging LP. That's kind of a term that I've been hearing thrown around. You know, we'd have these IT professionals, doctors, lawyers that are making a couple hundred grand a year. They probably can budget maybe investing $50K a year or $100K a year, right? They've traditionally done startups. Now there's a whole movement of kind of like these angel LPs. Where to your point, maybe what you were alluding to is they back these smaller funds and some of these funds have smaller minimums, right? Traditionally, funds usually have a bigger minimum to get in, right? You have to do a $250K check or $100K check to get in as a minimum. But now there's these tech operators that are launching funds on the side,
