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Advice on Fund II decks

Hey all, Iโ€™m looking for advice on Fund II decks
  • David Teten: teten.com/lpdd
  • Maddy Crema: hey guys! I would say youโ€™re 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). itโ€™s 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 youโ€™re excited about it. your previous fund might still be pretty early and hasnโ€™t had much time to mature, so there is still emphasis on the story. if your previous fund is fairly recent, then youโ€™re highlighting the early traction youโ€™re getting, but until the fund matures, you and your strategy are still more or less unproven (you donโ€™t have a 6โ€“10-year-old fund thatโ€™s 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, Iโ€™m happy to chat more about this offline!

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