Precursor VenturesA classic pre-seed and seed stage venture capital firm

Is fund management the ultimate dream for investors?

24 Jul 2025 · 1 min

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Short transcript excerpt from a Precursor Ventures conversation contrasting fund management with direct investing. Speakers reflect that running a fund involves fundraising, administration (K-1s, audits) and can reduce hands-on investing time, prompting some to return to roles focused on investing rather than operating a fund. The exchange highlights a distinction between owning an angel portfolio and operating a formal fund.

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I'd like to think at least we do a good job helping first time founders build the scaffolding they need to be successful. But I've also met a lot of people coming out of 2020 and 2021 who are like, you know what I really liked doing was investing. I started a fund because I thought it would be a better way to invest, and it turns out that the amount of time I spent fundraising and fund managing and k1ing and auditing was not that great. And I want to go back to a job where I mostly get to invest, even if it means I'm not in charge.
Like, owning your own angel check portfolio and running your own fund are completely different concept.