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Feb. 15, 2024

E42: 6 Hard Questions You Should Ask LPs When Raising Your Venture Capital Fund with Katie Riester

E42: 6 Hard Questions You Should Ask LPs When Raising Your Venture Capital Fund with Katie Riester

Katie Riester, Managing Director at Felicis sits down with David Weisburd to discuss venture capital fund strategies, building relationships with GPs, and the math behind venture capital.

Katie Riester, Managing Director at Felicis sits down with David Weisburd to discuss venture capital fund strategies, building relationships with GPs, and the math behind venture capital. They discuss the importance of clear communication with LPs, common red flags, and advice for new LPs. 

The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co

We’re proudly sponsored by Deel. If you’re ready to level up your HR and payroll platform, visit:

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X / Twitter:

@SFKatie (Katie)

@dweisburd (David)

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LinkedIn:

Katie: https://www.linkedin.com/in/katie-riester-91793b8/ 

David: https://www.linkedin.com/in/dweisburd/ 

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LINKS:

Felicis: https://www.felicis.com/ 

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NEWSLETTER:

By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offer’s this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/ 

The 10X Capital Podcast Newsletter is powered by Ikaria Labs, a full-service content marketing firm that partners with the top funds, fintechs, and financial services firms to grow their investor communities. To learn more, visit: https://www.ikarialabs.xyz/ 

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

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TIMESTAMPS

(00:00) Episode Preview

(01:06) Katie Riester's unique blend of experiences and origin story

(03:53) Discussion on Felicis’ fund of funds

(07:18) Evolution of GP relationships - Katie Riester's perspective

(08:00) 10X Capital Podcast Newsletter

(09:45) Understanding the complexities of managing a fund

(14:05) Sponsor: Deel

(16:17) The role of LPs in providing insights into the venture capital space

(20:24) Bad behavior seen from LPs 

(23:19) Best practices for GPs communicating with LPs 

(26:40) Advice for LPs making their first venture capital investments

(29:11) Katie Riester shares what drives her in the venture capital ecosystem