Jeremiah Green

CTO @wowbao, Founder of @eatpurely, entrepreneur, food enthusiast, painter, boxer and lifetime learner. Mission: to inspire and enable healthy living.

[Nicole DeTommaso 🪄 @nic_detommaso]

I spoke with a VC recently who told me they've done 2x their fund size in SPVs with the same LP base. $90M worth of SPVs, but $45M fund size.

It's a wild concept to me that you can tap your LPs again to double down in your winners.

Sometimes the direct investments outside of the fund exceed the capital LPs put into the fund itself.

Here's how it works:
- GP identifies a breakout winner in the portfolio
- Spins up an SPV to increase ownership
- Invites the existing LP base to participate
- GPs / LPs get to double dip into the best companies

The SPV has a similar structure to the fund (2/20 model) but the management fee is usually waived.

GPs still get the 20% carry upside, while LPs get to increase their odds of seeing a breakout return.

This only works with certain LP bases usually (family offices and HNWI usually).

Are there other GPs who are doing this? If so, what tool are you using for these SPVs?

Genuinely curious to learn more!

Help me amplify so I can reach GPs 🙌

[Bill Ackman @BillAckman]

A two-minute must watch on life.

[Jeremiah Green @JeremiahBBGreen]

@thisguyknowsai Send

[Jeremiah Green @JeremiahBBGreen]

@carlvellotti CC

[Jeremiah Green @JeremiahBBGreen]

@alex_prompter Guide

[Jeremiah Green @JeremiahBBGreen]

@aaditsh Ai

[Jeremiah Green @JeremiahBBGreen]

@anafiki @Superhuman Can you refer me please!

[Jeremiah Green @JeremiahBBGreen]

@adityanidmarti @EatPurely Nice work!

[Jeremiah Green @JeremiahBBGreen]

@eth_us @adityanidmarti @EatPurely Not to shabby @adityanidmarti ! Good analysis for having limited information.

[Rahul (ZebPay) Pagidipati @eth_us]

@adityanidmarti @EatPurely @JeremiahBBGreen Nice article!

[Jeremiah Green @JeremiahBBGreen]

@Superhuman Been trying to get on the platform for 6 months! Can I get some love?! Excited...

[Jeremiah Green @JeremiahBBGreen]

@tritran @TechCrunch Hi Tri! Thanks for responding. My perspective is always from optimizing opportunities with as little capital as possible. FWIW, I agree >> There would have to be a deep pool of capital to create enough supply to catch the eyes of large distributors.

[Tri Tran @tritran]

@JeremiahBBGreen @TechCrunch All good thoughts! Thanks for sharing. This isn’t an easy opportunity for a fresh startup with zero assets to leverage.

[Eat Purely @EatPurely]

Listen to CEO & Co-Founder @JeremiahBBGreen & Exec Chef @spradlin5 tell our story on @cbschicago "Made in Chicago" with @Lisa_Fielding https://t.co/xR6aUkxHK9

[Gunster @GunsterLaw]

How to find the right #investors for your #business, https://t.co/TBkaRGgI7U via @JeremiahBBGreen @JaxBizJournal

[The Uplifted @TheUplifted]

@EatPurely @JeremiahBBGreen @spradlin5 @MekkyMedia Thank you for always being there ;)) Your food and service are superb 💫🎊🙇🏻

[Marc Neri @marcneri]

surprised it's taken me this long to try @EatPurely - great meal to my door in > 10 min - 👍🏻👍🏻@JeremiahBBGreen

[The Hatchery Chicago @TheHatcheryChi]

Diving into a discussion about #uxdesign in #FoodBusiness w/ @GA_Chicago "We want to remove friction from the user's experience" @JeremiahBBGreen @EatPurely @FarmersFridge @saffifoods @labelinsight @dlutger #HatchFoods #FoodTech