Building a Venture Fund from the Ground Up with Ryan Micheletti
What does it take to build a venture fund from scratch — and what can military veterans bring to entrepreneurship and venture investing?
In this interview, we will sit down with Ryan Micheletti, founder of The Veteran Fund, to explore the realities of building an emerging venture fund, developing relationships with LPs, supporting portfolio companies, and creating a differentiated investment strategy.
Ryan shares insights from his experience building a fund and working with founders, including the importance of track record, relationships, operational discipline, and staying involved after making an investment.
We explore:
• How Ryan's background shaped the core investment thesis behind The Veteran Fund
• How aspiring GPs can build credibility and a track record before raising their first fund
• Strategies emerging managers can use to identify and build relationships with their first anchor LPs
• Why military veterans can bring unique operational strengths to entrepreneurship
• What changes when moving from Fund I to Fund II — and how LP expectations evolve
• How GPs can balance finding new investments with supporting existing portfolio companies
Whether you're an aspiring fund manager, LP, entrepreneur, veteran founder, or simply interested in the venture capital ecosystem, this conversation offers a behind-the-scenes look at what it takes to build and operate a venture fund.
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