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. They discuss the importance of clear communication with LPs, common red flags, and advice for new LPs. (0:00) Episode Preview (1:06) Katie Riester's unique blend of experiences and origin story (3:53) Discussion on Felicis’ fund of funds (7:18) Evolution of GP relationships - Katie Riester's perspective (8:00) 10X Capital Podcast Newsletter (9:45) 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