
- David Teten: teten.com/lpdd
- Maddy Crema: hey guys! I would say youโre right on more data โ now that you have a track record you should share the latest performance metrics for your portfolio (TVPI, DPI, IRR). itโs helpful to also share detail on portfolio construction (# of investments, at what stages, avg check size at each stage, sector concentration, etc.), and maybe do a couple case studies on your top performing companies or companies you are particularly excited about โ can share how you sourced it, $ invested (at each round if relevant), entry valuation, current FMV, co-investors, and a little bit about the company and your investment thesis/why youโre excited about it. your previous fund might still be pretty early and hasnโt had much time to mature, so there is still emphasis on the story. if your previous fund is fairly recent, then youโre highlighting the early traction youโre getting, but until the fund matures, you and your strategy are still more or less unproven (you donโt have a 6โ10-year-old fund thatโs a 5x+ that you can point to). but in addition to sharing your strategy / thesis, you can now share some early proof points of where you see it working. Also, Iโm happy to chat more about this offline!