Rolling Fund Quarterly Deployment

A breakdown of how Shaan Puri manages his Rolling Fund, focusing on structure, team, and deal flow management.

Fund Structure & Operations

  • Deploys $1M per quarter into startups
  • More work intensive than initially expected
  • Primarily uses other people's money
  • Gets 20% carry on profits

Team Structure

  • Built support team to handle increased workload:
    • Brought on Romine for deal vetting
    • Added Zack (former YC founder) for deal sourcing
    • Team handles heavy lifting of deal flow

Deal Flow Process

  • Team manages initial screening:
    • Creates Airtable of potential deals
    • Vets companies thoroughly
    • Presents top ~7 deals to Shaan
  • Strong YC batch connection:
    • Zack referred 22 companies into YC
    • Early access to YC companies
    • Strong network in young founder community

Key Learnings

  • Required more active management than expected
  • Solved scaling through team building
  • More bullish on the model after implementation
  • Philosophy: "If I try, I win"

Results

  • Successfully managing larger deal flow
  • Built efficient vetting process
  • Created strong network effects through team
  • Maintaining quality while scaling operations
12:31 - 14:08
Full video: 18:14
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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