On November 26, 2024, at 10 am EST, the LP, Family Office & Fund of Funds Virtual Conference occurs. Over 45 speakers and 1,000 attendees come together for four hours to discuss best fund-raising practices, why invest in emerging fund managers, and collaboration between family offices, VC Funds, Venture Studios, and Corporations.
Here, we’ll explore some of the highlights to look forward to and why we’re excited to explore this remarkable gathering.
Topics to Be Explored
A few of the numerous topics and speakers include Ronald Diamond, founder & CEO of Diamond Wealth, who will explore family office trends in 2024. Diamond Wealth invests with 100 FOs with AUM from $250M to $30B.
Chuck Tedeschi, director at Top Tier Capital Partners with an AUM of $7.9B, will explore the role of Funds of Funds in the current environment. Brett Hickey, founder & CEO of Star Mountain Capital with an AUM of $4B, explores the $2 trillion growing private credit market. David Butler, CO-CEO and managing partner at Argosy Real Estate Partners, with an AUM of $4B, discusses how to increase the AUM of a fund in 2025.
Additional panel topics include first-generation UHNWI strategies, investing in first-time VC fund managers, and transforming technology into GDP.
Private Networking Opportunity
The FO, LP, and GP private networking lounge offers Fund of Funds (multi-manager funds), Limited Partners, and General Partners exclusive networking opportunities with each other. Here is where you’ll discover investment opportunities within the venture capital and private equity industries, and more.
Big Startup Studios
Max Pog, the host of this virtual conference and founder of Venture Studio Family, is also the author of the Big Startup Studios Research. His extensive research unveiled the challenges and successes inherent in the startup studio model, a business structure in which an umbrella corporation holds many startups within its portfolio.
This approach consists of a team of experts who help build and scale the business, offering a hands-on approach by providing resources and guidance. They typically own a significant amount of equity.
According to Pog and the GSSN 2022 Data Report, the average annual budget for a startup studio is $2.49M, a challenging capital requirement, particularly for a startup studio that has yet to prove itself. After the initial first few successes, this challenge can be overcome. For example, in its fourth fund, Atomic, a venture studio, received $320M in investments.
Best Practices for Startup Studios
As with most investment and business models, narrowing one’s niche and focusing on one’s area of expertise strengthens the startup studio, providing a compelling reason for other experts and entrepreneurs in the field to join. The best experts to incorporate in these models are entrepreneurs with a founder’s mentality, those that have been down the same road as the startups they are looking to support.
According to Pog, the benefits are many, including the ability to finance pre-seed and seed rounds. The GSSN Data Report stated that almost 80% of studios provided starting capital that averaged $476K per company. Pog’s research found that studio startups reach seed rounds much faster than conventional startups, with an average of 31% less time to Series A, 44% to Series B, and 47% to Series C.
He also found that studio startups take, on average about 5 years to be acquired, a rate that is 33% faster than non-studio startups.
Expertise and the EMERGING Fund
The EMERGING Fund, a growth capital platform, provides developing entrepreneurs with strategic growth guidance, mentorship, and capital. The Fund consists of industry-leading founders, most of whom are accomplished entrepreneurs in the restaurant or ResTech industries. Leveraging their expert knowledge and industry connections enables them to successfully support and scale early-stage concepts in restaurants, restaurant technology, and social entertainment.
To learn more about the EMERGING Fund, contact the following:
Investment Inquiries: David Bagley db@emerging.com
Partnership Inquiries: Hilary Slocum hs@emerging.com
General Inquiries: Form
