Associated How to Raise A Venture Fund | Manuel Grossman (Amino Collective)
May 16, 2023
Manuel Grossman, Founding Partner at Amino Collective, shares insights on raising a unique solo GP venture fund in the edge of health and biology. The podcast covers the evolution of tech bio in Europe, fundraising strategies, community support, and the journey from a small fund to a larger one. Manuel discusses the importance of networking, team building, and differentiation in the competitive venture capital landscape.
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Position Yourself As Building A Firm Not A One Off
- Build a firm narrative not just a one-off fund to attract help and long-term supporters.
- Manuel emphasises presenting yourself as an entrepreneur building a lasting firm so people are more willing to help.
First Close Credibility Came From An Early Exit
- Early fundraising luck came from an acquisition: Amino's first-close investment Allcyte was acquired months later, giving crucial credibility.
- That exit convinced institutional investors to back a first-time, small fund and de-risked commitments.
Plan For A Long Fundraising Grind
- Expect fundraising to take far longer than investing; plan 12–18 months of active raises and hundreds of conversations.
- Manuel did ~1.5 years total and ~300 conversations for fund one, qualifying LP appetite was time consuming.