Step-by-Step Guide to Raising a Second Venture Fund | VC Tips from Lloyd Danzig
Step-by-Step Guide to Raising a Second Venture Fund | VC Tips from Lloyd Danzig
In this episode of "How I Raised It," we go behind the scenes with Lloyd Danzig, Managing Partner of Sharp Alpha Advisors — a venture capital firm focused on sports, gaming, and competitive entertainment.
Lloyd shares his 6-step strategy for raising a second VC fund, including how raising Fund II differs from Fund I, and why incentives are the key to successful fund management. We also explore how he structures SPVs (Special Purpose Vehicles) to align LP interests, how his target LP group evolved over time, and the lessons learned from raising a $25 million Fund II backed by financial institutions, pro sports team owners, family offices, and more.
🔍 What You’ll Learn in This Episode:
How to raise your second venture fund
Differences between Fund I vs. Fund II fundraising
Creating incentives for LPs through SPVs
Evolving LP strategy for emerging VC managers
Fundraising strategies for gaming and sports-focused VCs
🚀 About Sharp Alpha:
Sharp Alpha Advisors is a venture capital firm investing in sports betting, gaming, and next-gen entertainment startups. Learn more: https://sharpalphaadvisors.com
🎯 Resources Mentioned:
https://www.foundersuite.com – Raise capital and manage investors
https://www.fundingstack.com – Deal management platform for VCs and bankers
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