First Time Fund
topic on 2 shows · 3 statements across 3 episodes
3 statements about First Time Fund, every show
Churchill will not back first-time fund managers without prior track records
“What we don't do is we don't invest in managers in fund one if they had no investing experience whatsoever. If this is the first time they're writing a check, that would never even pass the first email through us. So in that case, what we'd look for is typical…”
Ishbia: Raising a $200M first-time fund is unrealistically hard
“I don't think people understand how hard it is to raise a two hundred million dollar fund. You know, unless people have things I never have seen it is really, really hard to do a first time fund, especially in this environment, I think.”
Basu Trivedi: Only 10 to 15 LPs globally anchor first-time venture funds
“Yeah, look, I think that there's, especially in a first fund, there's a handful of LPs around the world, at least that I know of and have met, who are truly independent thinking, who will truly raise their hand and say, we're willing to do a first time fund, a…”