What You Need To Know Before Starting Your First Syndicate? #venturecapital #shorts

So we did this in our first fund. We had an investor FAQ and that was super helpful. We could go through and if anyone had a question that was asked before, we had an answer. Some of them take a really long time to think through that are more strategic questions about your syndicate. I would definitely recommend using a CRM. I didn't on my first and a combination of like Twitter DMs and separate email threads got really messy quite quickly. We use Close and Airtable now, but I used to use Notion when I was running the syndicate. Also, the doldrums happen. This is when you're so close and then no one writes you back for like a week. No one emails you back. Everyone's on vacation. People are out. Yeah, but like stalled conversations are tough, but I would say have patience and they'll come through. I would recommend following up and give them updates on either the company or new investors in the round.