venturecapital

Get asked a lot on advice for starting a crypto fund. Our approach with Scalar that ended up working well

- ideal to be a small fund so easier to return multiples. Only a few funds can get away with large AUM & we couldn't compete with them. Small funds enable you to work with everyone
- didn’t spend time around building the fund's brand (only did media circuit when we were fundraising). Focused on building a good relationship with founders & got access to deals through word of mouth
- prioritized responding quickly to portfolio companies when they needed help. Couldn't always help but most important was to not do harm to them. Always caveated advice given & didn't need to have an opinion on everything
- treated founder's time as valuable in a pitch meeting. Came prepared to every fundraising meeting as mentality was we were lucky to be meeting with them
- stayed lean as a team, majority of it we operated as 3 people (2 research, 1 ops/finance)

Every person/fund is different, just sharing our experience

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Thanks for sharing Linda!

1. Would you do it again?

2. What do you know now that you would have benefited from knowing when you started Scalar?

Building something new. Host: /venturecapital /adventures /theitinerant

1. Yes

2. Stricter vetting of LPs we take on, would have been okay not accepting some checks