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Emerging Managers Shouldn’t Rush A First Close – Even In This Market

Mintz Investment Funds Chair, Kari Harris spoke to TechCrunch about the challenging state of venture firm fundraising. Kari explained, "While holding a first close allows a firm to start charging management fees and can be perceived as a vote of confidence to draw in institutional or larger LPs, doing it too early may result in avoidable issues down the road." She continued and shared that her biggest piece of advice is to, "make a plan or schedule for the fundraising process and future closes, but to keep the timeline relatively vague when talking to potential backers."