stats from raising a $30m web3 fund this summer as a solo gp:
• 151 reach outs (67% existing relationships)
• 41 ppl ghosted lol
• 59 ppl committed
• avg. check of $500k, median of $100k, min. of $5k
• 32% of my investor relationships originated on Twitter
• 32% female LPs
• 30% BIPOC LPs
• 12% LPs I’

This is awesome. Mags: what else do you think is noteworthy, that doesn’t necessarily come through in the #s?

executive coach for /founders + founding teams Δ host of pods.media/the-delta and /coaching Δ kevincoale.xyz

Adi just took this from the “what” to they “how”. 💪🏻

More of this in my feed plz 🔥👏 And to ride on Kevin’s curiosity, what do you think were the key ingredients that sold them? Your experience/specific wins, investment methodology, promised returns, utter charm?

These are two really important points: Quality of cohort and normalizing non-linear growth. Sometimes it takes 120 days :)

Probably just LP composition and how I thought about building the „bench” - wanted crypto experts, consumer experts, building a vc firm experts, investors who could invest in multiple funds and scale their checks, etc. It’s just a really good group so the raise was not only fast, it was quality.

Oh, and I had $10m on day 1, $20m on day 30, and $30m on day 120 :)