A GP told me that he couldn't raise his 1st fund for 18 mo. til he offered LPs a coinvest opportunity in Toast & has now raised $1b+ AUM in the 7 yrs since. I asked other VCs thinking they'd be like "don't do it", but lots of ppl are like "that's how I raised!" is this a thing?

The unintended benefit of spending the last 5 years Angel Investing into the smartest people I knew is that their employees are now starting companies and it feels like I’m just perfectly primed to capture the flow.

My IRR in the first half of 2025 is just an infinity symbol at this point

Great way to go into my 25th birthday today - first $1m fundraise day for SF1! I thought raising for a fund would be more meritocratic & LPs would care about my track record, but the same concepts of "momentum" & "deal heat" that exist for startups exist when raising from LPs.

Happy to confirm that you can raise (at least some portion of) a $25m fund 1 by stapling an LP commit into your fund to co-invest opportunities in super hot growth stage companies. Ask me how I know 🥳

My friend Jonathan Siddharth, Turing runs one of the FASTEST growing cos in tech (adding 9 figs ARR monthly). Jon’s hiring a Chief of Staff for Turing. You’ll be in his meetings closing deals, hiring people, spinning up new products, & more. Reach out if you’re young, hungry, & technical!

It’s a kindness to tell founders “this isn’t venture scalable.” Too many VCs grin fuck founders when passing instead of giving them a reason for why it’s not fundable. I wasted 5 yrs of my life because VCs let me make excuses for why “Firefighting Drones” could be a $1b ARR