A VC who raised $70 million in three months explains why he left a boutique firm to move solo

SaaStr Jason LemkinSaaStr founder Jason LemkinJason Lemkin

or not it’s always difficult to delivery over, mainly in case you’ve been part of a neatly-dependent neighborhood for a while.

However SaaStr founder Jason Lemkin makes beginning over appear effortless.

After leaving Storm Ventures final yr, Lemkin introduced on Monday that he’s raised a fresh $70 million fund on his personal, in only three and a half months.

Lemkin says there are pros and cons to being a part of a bigger neighborhood, however he determined to move on his own since the VC investing video game is sooner or later an “particular person sport. ” 

“at the end of the day, investing is in most cases someone contributor recreation. Even in assignment organisations, VCs in most cases function on their own,” Lemkin instructed company Insider.  

That potential VCs very nearly have to discover and qualify offers on their own, even when they’re part of a bigger funding firm. They can also share the returns and assist every different to now not make the identical errors, however the work itself doesn’t precisely require loads of teamwork, he argues.

“It’s not a particularly collaborative container,” he says.

making a bet on myself

That doesn’t mean every aspiring VC should still go on their own. Lemkin is a unique case, given his track list, having bought his final startup EchoSign to Adobe, and his manufacturer power in the cloud utility area. The SaaStr adventure he hosts is now one of the greatest conferences within the area, drawing heaps of attendees every year.

Still, the proven fact that he was in a position to carry $70 million on his own, as the sole normal associate of the fund, is an excellent feat. Lemkin is aware of it might not be convenient, but sees being on his personal gives him a higher opportunity to show himself right.

“The motive I’m doing my own fund is to guess on myself,” Lemkin says. “And being on your own in an individual recreation lets you run the table the style you believe is most desirable, correct or incorrect. “

SEE also: This VC who bought his ultimate startup to Adobe simply raised a $70 million fund in three months NOW WATCH: americans with these character features have extra and enhanced intercourse Loading video. . .

Leave a Reply

Your email address will not be published. Required fields are marked *