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

The Challenges of Fund Management #venturecapital #investing #founder

25 Mar 2025 · 0 min

Watch on YouTube

0:22

Precursor Ventures discusses the multifaceted role of a fund manager: investing is only one-third of the job, while fundraising and running the fund comprise the remainder. The speaker observes that many operator-turned-fund managers enjoy angel-style investing (capital deployment) but dislike fundraising and fund management, and that the three responsibilities are bundled and unavoidable.

And I think what a lot of people realize is the investing part of the fund manager job is only one third of what you have to do. You have to fundraise, then you have to actually run the fund. And what I've seen is a lot of people who started operator funds on the side or wanted to try their hand at fund management quickly realized they like angel investing and the capital deployment side of the business. They did not like the fundraising or fund management side of the business. And it's a bundle. You have to do all three.