Trust Fund is an early-stage venture firm investing in tech-enabled companies that help people start and build businesses. At the firm’s inception, Founder and Managing Partner Sophia Amoruso was seeking a tool for fund modeling.
She faced a challenge: Legacy tools were cumbersome, error-prone, outdated, and required extensive existing knowledge.
So she spent time scouring the Internet for a fund model and calling on peers to learn what they used, only to find incomplete and impersonal templates. After extensive research and consultation with other GPs, Sophia found that existing solutions, such as Excel and other spreadsheet-based tools, were inadequate for the complexities of fund construction and management.
As an emerging manager with angel investing experience, Sophia needed a guided experience to take her fund construction strategy to a new level—one where the domino effect of each decision could be seen live as she built her fund.
Sophia AmorusoTactyc demystifies the complexities of fund construction—it’s been incredibly helpful for us to model out our first fund and track performance.
Founder and managing partner, Trust Fund
She needed a tool that was not only easy to learn—she needed one that could seamlessly build in the details and nuance of a market-ready fund. How much could she reserve for follow-on checks? Would she recycle exit proceeds? What was her market assumption for round sizes, valuations, and timing?
These were all questions that would come up in fundraising. Finding a tool that could incorporate and anticipate those requirements was a tall task. She found it in Tactyc by Carta.
“Tactyc demystifies the complexities of fund construction—it’s been incredibly helpful for us to model out our first fund and track performance,” Sophia says. “The software’s transparency and ease of use have fundamentally changed how we operate. Tactyc should be a part of every venture manager’s software stack.”
Tactyc offered a comprehensive, user-friendly platform specifically designed for venture capital, making it the ideal choice for Trust Fund. In the same way software like Shopify makes it easy for someone to enter product detail information and the weight of the garment, put it in the mail, and ship it with a label, Tactyc makes it possible for everyone to model a fund, track the performance, and model different scenarios and strategies. It’s like having a team of analysts at your disposal.
Sophia AmorusoTactyc should be a part of every venture manager’s software stack.
Getting started with Tactyc was straightforward and efficient. The platform’s intuitive interface and helpful tooltips made the fund construction process simple, even for new or emerging fund managers. The integration of data sets with Carta provided a valuable baseline for modeling, and the responsive customer support ensured any questions were promptly addressed.
The result was fund models of all different strategies that were fun and easy to build and iterate, and LP-ready dashboards that combine storytelling with data to back it up.
One benefit of Tactyc was its ability to enhance collaboration with external advisors. The platform’s collaboration tools allowed Sophia to invite other general partners for guidance and feedback. Additionally, the extensive market data and insights provided by Tactyc’s team helped Trust Fund measure industry trends and best practices.
Leveraging real-time data has significantly improved the team’s forecasting capabilities. This enhancement extends beyond just market data, encompassing comparable analyses for startups, with a specific focus on sectors, geographies, and other investors.
In addition to feedback and guidance from peers, the contextual visibility into the world of VC that the Tactyc team offered inspired confidence. Knowing that the Tactyc leadership was advising successful funds and staying ahead of market trends offered certainty in the software and that the fund model could stand out in a market filled with fundraising managers.
Tactyc has significantly eased the process of fund construction by addressing key concerns that arise during any fundraising conversation. By providing a clear, strategic fund model with a comprehensive analysis and thoughtful story, Tactyc has not only enhanced the confidence of potential LPs but also streamlined the fundraising process for Sophia and Trust Fund.
