VCs raise Fund 1 on partners, Fund 2 on founders, Fund 3 on returns
Shripati Acharya · Startup Investing ft. India's One of TOP SaaS Entrepreneurs & Investors Shripati Acharya of Prime VP · May 5, 2023 · at 21:19
Shripati Acharya (Managing Partner at Prime Venture Partners) quotes partner Amit Somani explaining how VC firm fundraising dynamics evolve across successive funds.
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“He said that your first fund is raised on the reputation of the partners. The second fund is raised on your reputation of your founders. And the third fund is raised on the performance of the funds.”
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