Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued growth with the emerging manager landscape. For emerging managers, the actual capital raise of a fund represents the most significant friction point for getting off the ground (and early on, scaling a firm). This issue has prevented many aspiring investors from starting firms, and has led to the advent of models such as the AngelList Rolling Fund product.
Samir, it is a very thoughtful article. Can you give an example names for placement agents and what are those agents look for in manager when the manager is emerging or first fund what are the qualifications?
Great article, Samir. Can you expand on under what circumstances you have seen placement agent fees be charged to fund expenses? Also, have you been seeing feeder funds as a significant vehicle for emerging manager fundraising?