3 biggest lessons from @VitalizeVC Fund 1:

đŸ€Fewer deals is better (Fund 2 is modeled @ 7 fewer portcos)*
4⃣Longer deployment period is key - first time mgrs need time for exits in Fund 1 (I am glad we went w/ 4 yrs)
🔍 Focus! Do not be a generalist. Very hard. Getting harder.
*We'll have ~27 portcos in fund I + ~20 in fund II. A larger portfolio is more to manage & limits ownership % per company. As we start to stack funds on top of each other, larger portfolios become very difficult to manage. I am much more mindful now about check size & target %.
You can follow @galeforceVC.
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