1:00:00How Venture Capitalists Make Money with Brianne Kimmel | My First Million #206
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
Brianne Kimmel explains how solo capitalists earn money: management fees (2.5–3% of fund size) provide a salary (e.g., ~$625k/year on a $25M fund), while carry (20% of profits after returning the fund) can yield $20M+ if the fund achieves 5x returns. Most early returns come from SPVs and secondary purchases, not the core fund.
Key insights
- Solo capitalists can take 2.5–3% management fees on rolling funds, which allow continuous marketing and LP onboarding rather than a single fundraise.
- The value of top universities is primarily the credential (“stamp”) and the peer network, not the curriculum; “excellent will seem average” after four years in such an environment.
- Most VC returns are generated through SPVs (special purpose vehicles) and secondary share purchases, not the core fund’s carry.
Want the full analysis - every claim cited to the second it was said?
This page only shows a teaser. Sign up to chat with the complete, cited breakdown of "How Venture Capitalists Make Money with Brianne Kimmel | My First Million #206".