How to Diligence a VC Fund
Council Capital x Women on Boards Project present How to Diligence a VC Fund
Every year, more operators, executives, and angels look to become LPs in venture funds. Many don’t know how to find the right fund or diligence it the way they’d diligence a startup or a public market stock. Knowing what to ask and what to look for when evaluating a fund manager makes all the difference when investing in venture as an LP. And done well, your LP relationships can open the door to advisory & board seats.
Who Should Attend? Executives, operators, family office LPs, and HNWIs considering their first (or next) fund commitment, as well as leaders building toward advisory and board roles.
What We'll Cover:
The 5 Pillars of fund evaluation
The pro-level questions institutional LPs ask that most first-time LPs never think to
How to position yourself as a value-add LP that GPs want on their cap table, not just a check
How fund & LP relationships can lead to advisory and board seats through fund portfolio companies
Speakers:
Amber Illig is the General Partner at Council Capital, where she invests in B2B software companies focused on essential industries such as manufacturing, legal, and healthcare. Her experience in operations leadership at companies like Eli Lilly, Apple, Snap, and Cruise sparked her passion for angel investing. As a co-founder of The Council Angels, a community of 200+ tech operators, Amber successfully made 30 personal angel investments, which paved the way for her to raise Fund I. With her extensive background as both an operator and an investor, Amber is dedicated to helping tech leaders navigate their own paths into LP & angel investing.
👋 About Us
Women on Boards Project is working to increase the representation of women on successful, private, consumer company boards.
Council Capital is an operator-led venture firm investing in First Builders transforming our most essential industries like manufacturing, legal, and healthcare as part of Software's Third Act. We also run an exclusive angel group and podcast for top operators, designed to inspire and attract the founders of tomorrow's unicorns.