Last year I co-founded Selva Ventures, a CPG-focused VC firm, as a solo GP
This week I’ve been reflecting on our first year in business and wanted to share some of the lessons learned in building a small investment firm
Thread 👇
1/ As a solo GP I wear 2 hats
Investor: Always challenging but familiar. Same thing I was doing before
Entrepreneur: Incredibly ambiguous and scary, but also the greatest source of fulfillment
2/ Early on, seemingly simple decisions took an eternity: naming the firm, designing a logo, choosing a fund admin partner to name a few
I was so scared of getting these things wrong, but it was so important to be excited about those decisions to build early momentum
3/ Fundraising could be its own thread, but in fund 1 narrow focus is everything
Build a narrative that can get people excited and DO NOT stray from it, even though it can be tempting
Anything that doesn’t fit? Use an SPV or let it go
4/ Starting out I knew nobody else doing this, but the content about this growing field of “Solo Capitalists” has been both educational and therapeutic
@nbt’s substack (below), @Samirkaji’s podcast (Venture Unlocked) and @oper8rio really stand out