It can be hard for emerging venture managers to get on the radar of institutional investors. Many LPs already have long-standing relationships in the asset class, and these investors often have lean teams with a long list of investment criteria. But as venture capital fundraising continues to slow, now may be the perfect time for emerging executives to get their foot in the door.
Over the past few weeks, I’ve been writing about the state of fundraising in what’s going to be a weird year. While institutional investors are not pulling out of business, corporate fundraising is slowing overall. Because of this, LPs may not have as much cash on hand as before, but they may have something more important – time.