First Close Partners strives to make VC more inclusive. We back venture funds owned by underrepresented managers (“URMs”), esp to help them to a “first close.”
First Close Partners backs diverse VCs. The group already invested in two dozen funds & plans to back 60 this year. "We’ve seen instances of our money being dramatically multiplied by other LPs" @EdGrapeNutZimm@close_first
https://t.co/rS13DzwHXo
I am thrilled to announce Renegade II, a $128M fund to invest in 20 category-defining startups! I’m honored to work alongside @Roseanne Wincek supporting founders who are driven to make their mark. Learn more: https://t.co/gv3of9v4nP
1/ 🧵New @PitchBook data reveals that the journey from a first to a sophomore fund has never been more daunting. Historically (2006-2018), 63% of first-time managers were able to raise a second fund, but the current environment suggests a much tougher road ahead. Let’s dig in on emerging #fundraising ⬇️
Congratulations to @close_first on receiving the #DEI Impact Award from @nvca and @VCForward.
Our Co-Founding Partner @tgr is proud to be a part of the founding investment committee and a part of the community that is creating a more equitable ecosystem in VC.
Please join our @VentureCrush 3/21 @ 5-8PM ET (Live) 5:30-7PM ET (Zoom)
Venture Capital (Deals and Current Market), AI, & Inclusive Investing w/ @jgoldfein, @NasirQadree & @EdGrapeNutZimm
Live performance by @mglaspy(NYC)
Register: https://t.co/SjiuHdlGFG
@VCForward We so appreciate this recognition🙏 & your support🔦
We also appreciate the extraordinary underrepresented VC managers /funds that have opened the door for our LP commitments &, of course, our own LPs in our 1st & 2nd funds. #Diversity « Underrepresented / Overperforming »
@VCForward We so appreciate this recognition🙏 & your support🔦
We also appreciate the extraordinary underrepresented VC managers /funds that have opened the door for our LP commitments &, of course, our own LPs in our 1st & 2nd funds. #Diversity « Underrepresented / Overperforming »
@VCForward We so appreciate this recognition🙏 & your support🔦
We also appreciate the extraordinary underrepresented VC managers /funds that have opened the door for our LP commitments &, of course, our own LPs in our 1st & 2nd funds. #Diversity « Underrepresented / Overperforming »
Thrilled to announce @close_first as the 2024 #DEI Impact Award winner! 🎉Their industry leadership and support of our programs embody the spirit of the award & we're proud to honor their efforts in driving positive change🚀
Thank you Ed for such a powerful and personal discussion. Thank you also for your support of @January_VC and other emerging managers. We all benefit from your leadership in the venture capital world.
🔗Links to full episode below
Ed is a convener, a mentor, an advocate, and a champion for diversity. Listen in to hear:
🔓How he broke into venture
💵What he’s learned by investing in 400+ funds
🌱What FCP looks for in fund managers
❤️ The personal motivation behind his work
https://t.co/JEGkxg3eMt
I’m honored to welcome @EdGrapeNutZimm to Beyond the Cap Table! Ed is a longtime venture lawyer at @LowensteinLLP, he's a prolific angel investor, and he and @thebetsyz are founders of @close_first, a fund of funds that invests in underrepresented GPs.