TLDR:
– Paige Finn Doherty, one of the youngest solo GPs, raised a second fund for Behind Genius Ventures.
– The firm closed its fund at $8.9 million and focuses on investing in companies with compelling brand stories.
Article Summary:
Paige Finn Doherty, at just 25 years old, has successfully raised a second fund for her firm, Behind Genius Ventures, totaling $8.9 million. This accomplishment is particularly notable as an emerging manager, as raising a second fund is statistically quite difficult in the realm of venture capital. Doherty’s firm specializes in writing checks between $150,000 and $250,000 and has previously invested in companies like Coastal Carbon, BreakSports, and Statusphere. The focus of this new fund revolves around compelling brand stories, with Doherty emphasizing the business value of storytelling and prioritizing founders who demonstrate strong storytelling capabilities.
As a young female solo GP in an industry dominated by more experienced male counterparts, Doherty’s success signals a potential shift towards greater diversity in venture capital. Her unique perspective and unconventional taste have garnered support from LPs and industry veterans who see her as pioneering a new model centered around founder-centric storytelling. Doherty’s ability to connect with founders, particularly younger entrepreneurs, has been highlighted as a key advantage in her fundraising efforts.
Overall, Doherty’s success in raising a fund at her age demonstrates the importance of context-switching and diverse life experiences in the world of venture capital. Her focus on storytelling and compelling brand narratives sets her apart in an industry that often prioritizes SaaS investments, and her ability to connect with founders on a personal level has been key to her fundraising success.
