Fundraising never gets easier, but the challenges change. You need deep belief in your mission, sustained persistence, and the willingness to take a leap of faith. LPs commit when they see your stated thesis match your actual actions over time.
Chapters
Fundraising is not supposed to be easy, that's for sure. But I could have never anticipated how challenging it ended up being. But looking back and having gone through it, grateful for it because like you said, we have a deep understanding of the terrain and what is needed now as we project forward, and it's made us stronger for it. But man, it was not fun. People say it gets easier over time. I think it gets different over time. You know, I think, you know, starting a firm, starting a fund, starting anything takes a big leap of faith. I think you have to just have persistence. And that's the key, right? You just have to believe in what you're doing. You have to have a deep desire because people will see that over time. And so the benefit of time is people get to connect dots and make them lines. And so LPs that we talked to early on in the journey ended up coming in and final closed because they saw, okay, this is what we said we would do. We would invest in these types of businesses with this investment size and so on.