?? How I grew our Syndicate to over 6,000 Limited Partners
Alex Pattis
GP @ Riverside Ventures (300+ portfolio) | Co-Founder @ Deal Sheet → Curated private market SPV investments for accredited investors
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?? How I grew our Syndicate to over 6,000 Limited Partners
The VC syndicate ecosystem is a great place to build a VC platform extremely quickly. For context, before I ( Zachary Ginsburg ) started Calm Ventures, I had less than one year of actual paid VC experience. Despite this, in my first year starting Calm Ventures, we grew to over 1,000 LPs (LP = Limited Partner = an investor who contributes capital in exchange for a share of the profit) and well over $10M Assets Under Management (AUM); year 2 we scaled to over $70M AUM and 2,500+ LPs; today we’re now at over 6,000 LPs and $140M AUM and we’re just getting started.
(To read the full post on how Zach grew the syndicate to over 6,000 LP's, check it out here: https://lastmoneyin.beehiiv.com/p/grew-syndicate-6000-limited-partners)
So how did we get such a large LP base this quickly? I’ll share the details and explain how anyone can build a large LP base in relatively short order.
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??I had a few things working in my favor before starting Calm Ventures in 2020.
Of note - many people have entered the syndicate ecosystem with a completely different background and succeeded (my Partner on this newsletter, Alex Pattis , came from an operator and sales background as one example), but part of this added context is really to underscore that it took some time to fully understand how this venture syndicate ecosystem works. We’re going to give you the formula so that you can build a large syndicate yourself efficiently.
To read the full post on how Zach grew the syndicate to over 6,000 LP's, check it out here: https://lastmoneyin.beehiiv.com/p/grew-syndicate-6000-limited-partners
Last Money in is Powered by Sydecar
Sydecar is a frictionless deal execution platform for emerging venture investors. We make it easy for anyone to launch SPVs and funds in minutes, with automated banking, compliance, contracts, tax, and reporting so that customers can focus on making deals and building relationships.
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10 个月I found that venture capital syndication significantly contributes to the value creation for entrepreneurial firms including investment in younger firms, early financing rounds, and early-stage firms.
Venture Capital || Angel Investor || Growth Marketing
11 个月Thanks for sharing your journey and insights :)
VP at Setter Capital | Private Equity and VC Secondaries
11 个月Alex Pattis and Zachary Ginsburg that is super awesome, congratulations! How do you manage reporting for these many LPs? It is on average like $23,333 commitment from each LP.
CVO童子军投资者风险投资基金2025PE FO LP GP. 文字:+971551704781Botim/WA. 全球搜索引擎优化：国际搜索可见性交易流量-24SIX9，ITIL，CNCF，ICANN，GITEX，银行，OSINT
11 个月Alex Pattis this is an absolute masterpiece, 6000 #LimitedPartners is crazy amount, I need to ask the guys at crunch/DUBAI – Dubai's StartUPs and people, Crunch/RIYADH - Riyadh's StartUPs and People about the way they do it ?? we building here the 24SIX9 and hope one day this will be the same big in the perspective of LP (and yes, let’s add podcast https://crunchdubai.com/the-next-big-thing-by-24six9/ of course ??)