Fundingstack

Why do some VC funds raise their next fund easily… and others struggle? It usually comes down to one thing: LP relationships. Things that matter a lot 👇 - Communication and updates - Transparency on performance and decisions - Consistency over time - Making LPs feel like partners, not just capital Most capital in venture comes from existing LPs. Which makes this less about fundraising… and more about relationships. bit.ly/4seG5NN

Excited for the upcoming Private Equity Virtual Conf hosted by Max Pog Join 100+ LPs, GPs & Family Offices for conversations around PE trends, AI in investing, deal flow & networking. 📅 May 29 🌍 Online 🕗 8AM SF | 11AM NYC | 4PM London Registration link in the comments 👇

Venture studios don’t always start by raising a fund. As Matthew Burris highlights, some raise capital one company at a time and only build after funding is secured. Others focus on cash-flow businesses instead of venture outcomes, which shows the model is more flexible than most people assume.

The UK has a mix of family offices and institutional investors actively allocating across private markets. We mapped 10 investors including family offices, multi-family offices, and LPs that invest into venture funds, private equity, and co-investments. If you’re a GP planning your next raise, this is a useful place to start:

What do LPs actually ask when you’re raising a fund? 100+ real questions you’ll likely face categorized by: Strategy, Team, Track record, Terms, Sourcing & Risk. bit.ly/4vdHVRJ

Around 60% of VCs will pass on studio-built companies because they don’t understand the model. As Matthew Burris explains, they see the structure and assume the founder isn’t motivated. But in many cases, founders skip early dilution and can end up with similar or even better ownership, which is why the perception is starting to shift.

How do VC funds actually get money from their investors? This breaks down the capital call process: - When funds request money - How LPs send it - Why it’s done in parts, not upfront - How timing affects deals It’s a core part of how venture works, but often overlooked. Not understanding this can slow deals or create friction with LPs. Useful read if you’re raising a fund or working closely with one. bit.ly/4vjXebW

Venture studios have been around for decades, starting with Bill Gross and Idealab, but they never marketed the model itself. As Matthew Burris points out, they focused on building companies, which is why the model isn’t as well known as VC or startups.

A lot of first-time fund managers think the hard part is getting meetings with LPs. Nisha Dua’s experience building BBG Ventures suggests otherwise. This piece has some of the most practical insights on how emerging managers actually move from proof-of-concept capital to building an institutional LP base. Worth reading if you’re raising or planning to.

Venture studios split into two very different models. A useful observation from Matthew Burris: Some build 3–5 companies a year. Others build 10+. At first glance, it’s just scale. But the real difference is how they operate. If you’re building a few companies: You can rely on talent. Solve things manually. Figure it out each time. If you’re building 10+: That breaks. You need: 1. A repeatable process 2. Clear playbooks 3. A system that works without constant intervention And that’s where it gets interesting. The studios operating at higher volume often see better outcomes. Not because they’re bigger. But because they’re forced to get better at the craft. Less improvisation. More repetition. And over time, that compounds.