Mac Conwell explains how rolling funds disadvantage LPs who skip quarters
Mac the VC · Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings · Feb 5, 2022 · at 30:47
McKeever 'Mac the VC' Conwell II, founder of RareBreed Ventures, details structural disadvantages of rolling funds for early limited partners.
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“LPs have to continuously buy in the quarters to make sure they get allocation to the companies you invest in. So if you're not an LP in the specific quarter and that's the quarter I make my best investment in, but you're an LP in the quarter before the quarter after, You don't get access to that deal or to those returns.”
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