LP Advice for Fund Managers

Photo by Ben White

One of our favorite things about the early-stage investing ecosystem is our “pay it forward” culture. In the holiday spirit of giving, a few of our favorite Limited Partner (LP) investors have kindly shared their wisdom for emerging venture fund managers.

We asked: “What piece of advice do you wish more fund managers knew?”

Here are some pearls of wisdom from LPs in our community:

“No capital calls from your gmail, please.”
— Family Office LP

“As an LP, I welcome intros to other fund managers and founders, but please ask me first so it’s a double opt-in on both sides to the connection.”
— Family Office LP

“As a Limited Partner, I prefer to receive quarterly investor updates, rather than hear from a fund manager only once per year at the annual meeting or when they are fundraising.”
— Fund of Funds LP

“My favorite AGM (Annual General Meeting) was one that was pre-recorded with lots of editing — no awkward pauses, tech issues, wasted time; clear, succinct communication, with all updates (including many portfolio company presentations) done in 1 hour.”
— Family Office LP

“No surprises — good or bad — is the guiding principle for all investor relationships. Communicate early and as often as needed.”
— High Net Worth Individual LP

Hope you enjoy a wonderful holiday season, and we look forward to more collaborative sharing in the New Year!

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Kaego Ogbechie Rust is CEO at Foresight Advisors - working with foundations, investment firms, non-profits, and for-profit ventures - offering comprehensive support across vision & strategy, investing & financing, and operational planning during critical periods of your growth.

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Originally published on Medium.