I closed a third $50 million fund two weeks ago, and I'm going to share the deck with you to show you how.

I closed a third $50 million fund two weeks ago, and I'm going to share the deck with you to show you how. By the way, I don't think many firms do this, so just being a little overly transparent. All right, let's kick things off. So, Wischoff Ventures Fund 3 overview. I presented this to every LP. It's something I would attach to an email before we kicked off our first conversations that they had it. Wischoff Ventures, it's a $50 million fund that invests in relentless early stage, high growth companies building at the intersection of money, movement and manufacturing. WV is a non-consensus pre-seed and seed stage firm funding positive transformation in North America. And then down below, I'll move my face, are just our hiring plans. So more about my background and then two roles I plan to hire for, one of which we already have. Where I'm located and where my companies are. So we've got now 10 plus companies in New York, a ton in San Francisco, over 12, and more headquartered in Nashville. Our existing limited partners, so from our past funds, we've got our anchors in Donna Capital, we've got Peter Thiel and some truly amazing folks, both family offices, fund of funds, you name it. Down below for where we invest. So we really wanted to make it clear that we're only investing in the larger GDP drivers in America, I guess North America, largely B2B and areas like manufacturing, movement, which is supply chain, marketplaces and financial services. Gave some examples above of our portfolio companies. You can see the logo that already fit within those buckets. The types of founders we do invest in, if this is helpful. A lot of LPs when you're pitching ask a lot about your sourcing, but what are you looking for? Like what makes a great team? Why do you think you're great at picking them? Now let's dig into some performance metrics. So I'm an open book here. No one on earth would share this. These are all gross numbers. Again, we're only about two and a half years old, so it's super early. Track record for Fund 1, track record for Fund 2. You can see, so total fund size, number of investments in those funds. We're still deploying from Fund 2, so there's 15, but we'll have close to 25 when we're fully deployed. Our number of markups, our MOIC, gross IRR, average check size and average ownership. A big thing LPs care about is that you're showing that you can create, like you can obviously continue to increase both check size and ownership, assuming that's what the strategy is for the fund. I also wanted to show that our portfolio companies have raised a ton more capital since we invested, which hopefully is a good signal. And then down below, you know, goals for Fund 1, get into the best deals, invest alongside the best firms, build a great network. Goals for Fund 2, increase ownership 4x, start leading and co-leading, like earn our super pro-rata, increase deal flow, all of which we did. Up top, it kind of got cut off, but you can see the ownership evolution between Fund 1 and 2. So in Fund 1, I averaged .7% ownership and then in Fund 2, it was just over 4.35%. So our goal being five and we should certainly end this fund being that. Also some selected investments and folks we've invested with. LPs really care about how you source the businesses, so where do they come from? Self-source means I reach out to folks cold and I found that connection and end up investing. Angel network, angels that invest that introduce you to the deal. Found one of my founders introduced me or another GP at another fund might be leading the deal and they invited me into it. Three case studies. LPs love this, especially with a limited track record. So tell us more about the story. What's a company that's breaking out and raised more funding and what did you do for them? Sourcing is huge. How you source and get access is the name of the game. Oh, the brand I'm trying to build. So I have really leaned in heavily to social media to help build the brand. There are over 2,000 early stage venture funds and I've got to compete. So I always say at early stage founders are not really looking to be seen, they're still with their companies and ideating on opportunities and so we have to find them. So we've been nice and loud. Down below here, you can see that I've grown my Twitter following pretty massively. TikTok, though I should spend more time here. And then LinkedIn is probably well over 25 or 27,000 now. But how do we get out there and make sure that we are everywhere and that people are always thinking about us? And then how we wins, which one thing to see deals, it's another to see how we win. So more on that above. The firms that we consistently co-invest with, like there's a few missing here. We've done deals with Sequoia and stuff like that. And then our deal flow. So just a chart on like, look, we're doing let's say less than 5% of the deals that we end up seeing, but here's how much we're seeing every quarter to make sure people know that we're in the flow. More on our outbound approach. So LinkedIn and Twitter, doing cold outbound. I will say that my top deals have mostly come from warm inbound. So how do we continue to host dinners, bring people around the table in person all the time and just be as out there as we can be. Fund terms, super standard for funds. You're 2 and 20 for 10 years, the life of the funds. That means a 2% management fee per year, in this case a million bucks a year. 20% on carried interest, that steps up if we end up crushing it. Your law firm and fund admin are super important to LPs. They want to know that you're actually getting things working with firms that are buttoned up in the back office. We're doing pre-seed and seed, our plan in terms of check size, leading and co-leading and collaborative, our ownership targets and then how many companies that we want in the fund. So, that's it. I hope this is helpful.