Paige Finn DohertyFounding Partner, Behind Genius · Founding Partner at Behind Genius Ventures

How Precursor VC Managing Partner Charles Hudson met his biggest LP relationship in an elevator

17 Oct 2022 · 1 min

Watch on YouTube

0:58

In this interview excerpt, Precursor VC Managing Partner Charles Hudson recounts how a chance encounter in an elevator at a conference led to his firm’s most significant limited partner (LP) relationship. After bumping into his friend Rashawn Williams, Hudson was introduced to a key LP representative who ultimately provided capital for half of the fund. Hudson describes this individual as a “fairy godmother,” emphasizing her pivotal influence on the firm’s growth and expressing deep gratitude for her support. The story highlights the role of serendipity, personal networks, and timely introductions in venture capital fundraising.

And our single biggest LP relationship came from a chance meeting I had in an elevator, a conference where I'd planned to fly home the day before and I stayed for the event. I was in an elevator, I bumped into my friend Rashawn Williams and he's like, hey, I think I got somebody for you for your fund. Like, you should meet this person. He introduced me to her and they ended up doing collectively the LPs that she represents for half of my fund too.
Whoa. Yeah, right? That's wild.
And it was just one of those things where like, I happened to be at that conference, happened to be going to the elevator at the same time he was. He thought of me. He didn't have to think of me. He thought of me and he made the intro. And that person has become probably one of the most influential relationships. We, we call her our fairy godmother, but she's like one of the most influential people in the development of our firm. And like, I owe her like an unrepayable debt of gratitude for like her support.