Despite 2023 being labeled a “bloodbath” for venture capitalists, the industry remains optimistic with more than half of VCs reporting they plan to raise in the next 12 months. But to gain the confidence of LPs, VCs need to set themselves up for success beyond cash reserves. Although it takes a lot of time and energy, setting up an entrepreneur collective should be on a VC’s 2024 to-do list.

Obviously, a network of entrepreneurs offering mentorship to portfolio companies will give venture investors a better chance of success, but it’s also hugely advantageous to a fund’s reputation and financial standing. READ MORE