A conversation on best practices for emerging fund managers

A conversation on best practices for emerging fund managers

Author: Vince Timoney
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Read time:  2 minutes
Published date:  September 30, 2019
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Updated date:  September 5, 2023
Watch our interview with Charles Hudson, Managing Partner at Precursor, as he discusses best practices for emerging fund managers.

 

It’s best to learn from the greats. That’s exactly how Charles Hudson, Managing Partner at Precursor Ventures, approached entering the world of venture capital. He observed the seminal firms—Sequoia, Greylock, Benchmark—and how they operated. Then he turned to angel investing and eventually found his way to SofttechVC (now called Uncork Capital) where he worked for eight years. Charles has been at Precursor Ventures for four years now, and has an incredible breadth of experience and wisdom to share.

If you’re an emerging fund manager, watch the recording from our conversation. These aren’t just best practices, but practical advice from a venture partner who’s been there and is always looking to up his game.

In the interview we cover:

  • Starting a fund as a spin off manager from an established firm

  • Understanding your model and pitching it to LPs

  • Building an LP network and finding the right ones for your fund

  • Timing of raises, check-size, and momentum

  • Building your provider stack: Who to partner with for audit, legal counsel, fund administration, and why?

This interview was co-presented with NVCA, a membership network that’s committed to a thriving venture industry across the United States. Learn more about NVCA membership here

Already an NVCA member? Then you’re eligible for a special offer on Carta’s fund administration. Sign up for the future of fund administration

DISCLOSURE: This communication is on behalf of Carta Investor Services, Inc. (“Carta”). This communication is not to be construed as legal, financial or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.

Author: Vince Timoney
Vincent Timoney is Carta’s Director of Investor Strategy and Business Development within the channel and partnerships team. He’s spent the past 10+ years in business development, sales, lending and relationship management roles in the venture capital, finance, and technology ecosystems. At Carta he helps guide and drive brand and market expansion into venture capital, private equity, and corporate venture capital investor communities.