Thread by @jamestmurphy_

Breaking into VC playbook
Thread...

2/
- Add enough value to entrepreneurs getting tier 1 funding such that they give you have an allocation
- syndicate the deal on @AngelList
- Build relationships with the VCs
- Add value - ask for nothing
- Do this 10x

2.5/
I hope this is obvious but you likely need to know and add value to the entrepreneurs before they get the funding ☺️ ... maybe you’ll even have introduced them to the funding.

3/
- Raise a $1-3MM fund. Get small checks from VCs that want your deals and entrepreneurs you’ve supported.
- Syndicate good deals above your max fund check size
- Add value - including to your LPs
- Do this 10x

4/
- Raise a $10MM fund on the same playbook
- If you executed the $1-3MM well, your $10MM round will be star-studded LPs

You’re in.

You’re now in the drivers seat - and I’m excited to see where you go next. Deploy into weird and with conviction.

5/
To improve your optionality:
- Make sure to keep it lean - ie, a person with a device + an opinion.

This allows you to avoid the AUM hunt. Plus, a team doesn’t help much as you might think.

6/
Instead, make friends with other emerging VCs. @AdamMGrant style peer feedback - not opinions from those that work for you.

7/
- Also, don’t listen to Cooley and charge higher mgmt fees - reduce your fees - make money on outcomes.

Higher fees indicates more exclusivity. Be more inclusive.

8/
VC is changing. This is the best way I’m currently seeing to be a part of it. @sacca @Nivo0o0 @mpdaugherty @AbstractVC @leepnet @sunilpai @AngelList @drjennyrooke @BRosenblatt4