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

what strategies played a key role in successfully raising a $31 million fund?

17 Dec 2023 · 1 min

Watch on YouTube

0:48

In this interview excerpt, Speaker B explains how their fundraising approach evolved when moving from a $3 million micro‑fund to a $31 million fund. The shift involved moving from a close‑knit group of familiar LPs who understood the experimental nature of the smaller fund to a broader, more formal set of investors requiring a higher level of seriousness. Consequently, the team needed to "uplevel" across the board—adopting full‑time focus, tightening internal processes, improving communication, and enhancing reporting standards to meet the expectations of larger institutional LPs.

Chapters

How do you think like your fundraising process or like tactics shifted from raising a $3 million fund to a $31 million fund?
Oh, entirely different in the sense of, you know, I think the micro fund was very much a group of people and LPs who we got to know over time. Either we've known them a long time or we got to know and, you know, they were understanding of this is an experiment that we are gonna run with. And I think there's something, you know, there's a level of seriousness that maybe should be there, shouldn't be there, when it's okay, now this is like the full-time thing. And so we just, we wanted to uplevel across the board on everything we were doing, you know. And look, we're constantly trying to get better in terms of our process, in terms of our communication, in terms of our reporting, things of that sort.