We should write about tactics that we will use to achieve our vision with the target fund size and stage. Could you give a way of thinking? For example if I’ve planned $15m fund but the calculations found that only $8m is a potential fund size. Should I think about tactics how to achive a $15m fund size or how to optimize costs and perform fund strategy with $8m (e.g. use VPs instead of GP/principals decrease average ticket per deal amount of deals and reserve for follow-on investments management fee)? Do you have best practice or any recommendation in this case?
Try to optimize for the lower fund size. You will raise a series of funds, and they will likely grow in size.