A First Time Fund is an investment fund raised by a manager or team that has not previously sponsored a fund under that firm’s banner (even if individuals have prior investing experience). For LPs, underwriting a First Time Fund often emphasizes team credibility, sourcing edge, portfolio construction, and governance because there is limited fund-level track record.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
