Good morning 👋

As many of you know, I am fundraising for Outlaw.

One of the primary themes of the fund is this idea of narrative capital, converting attention into equity, and leveraging an audience as a curation layer for a larger investment vehicle.

There are tons of ways to capture value from an audience, I believe that most of them are played out, and as the fund name suggests, I don’t like following the status quo.

Personally, I think the biggest benefit of having an audience is the ability to act as a router of people, and that is how I try to position the real ability of this newsletter in those LP conversations.

  • The more people I meet through this audience, the better I can play my role as a router to connect people to capital, jobs, and ideas.

  • As the audience of interesting people grows, more doors are opened through direct and indirect intro paths.

  • The real infinite game of audience growth should be the pursuit of always being one introduction away, and we have tried to build our own audience with that pursuit in mind.

On that note, we’re doing something a little out-of-the-box.

We are starting a bounty system for some people we have been trying to get in front of for the fund. If you can get us a meeting, you get paid.

More on why we’re doing this, the rules of engagement, and the list of names are below …

Big breakdown

Bounty

Here is some more context on this new LP bounty system:

  • Getting in front of qualified LPs is the hardest part of a fundraising process. We’ve learned that the source of the introduction often means as much (if not more) than the quality of the presentation.

  • Borrowed credibility is the name of the game (especially for a first-time fund). If I cold emailed every LP on my wishlist, my hit rate would be abysmal. The best (and sometimes the only) intro path is through a trusted source.

  • We’ve played the long game of building trust with our readers. We have chosen to build in public, share the strategy with the readers of this audience, and most of you can tell our story without us needing to be present.

  • Now we’re offering an incentive to those who want to get more involved. More on that below.

We have linked a list of dream LPs we haven’t been able to get ahold of below. We have done a lot of the heavy lifting in terms of qualifying these folks, but we haven’t established an intro path yet.

If you are able to connect the dots and get us a meeting with any of these folks, we’ll shoot you $100.

Here are the rules:

  1. Double opt-in only. Do NOT spam these people. If you do not know them personally, please do not reach out. As a general rule of thumb, if you do not have their email, you are not close enough to introduce

  2. Use the blurb we’ve crafted below. These people like condensed information and the why behind why a person is reaching out. You can find our blurb below the list of names. All you have to do is personalize it a bit and mention why you want to connect us.

  3. If the person opts-in, add us to the email thread. You can keep it short and sweet since each side should already have some context by that point. My Outlaw email is clay at outlaw dot vc.

  4. If the person does not answer or declines, leave them alone. Do not bother them if they pass or ghost. It won’t hurt our feelings, and we don’t want you to get blocked or marked as spam.

Okay - enough with all of the rules.

Here’s the list of LPs we’ve been trying to convert …

Contact List

Contact

Intro email

Ben Ehrlich @ First Momentum

Matt Walker @ Fortitude

Eitan Meisels @ Allocate

Steven Roussey @ Embarc Capital

Christopher Johnson @ Knightsbridge Advisers

Mark Shoberg @ Capital Creek Partners

Kyle Swenson @ Waycrosse

Parker Sessions @ Altacama

Keith Stone @ Brown Advisory

Tracy Fong @ General Catalyst

Josh Kushner @ Thrive

Bill Pritter @ Single Family Office

Winston Alder @ Single Family Office

John Magliano @ Single Family Office

JC Webb @ JC Webb

Chasen Harris @ DFE Capital

Christian Reusche @ Phillips Academy

David Chiodo @ Performance Equity Management

Max Spencer @ Single Family Office

John Low @ Family Office

Caitlin Howie @ Gillon Capital

Lily Grantcharova @ Marron Capital

Gary Schorr @ Ariet Capital

Margo Doyle @ S-Cubed Capital

Ryan Ahlin @ CornerStone

Matthew Menkhaus @ Concurrent

Myles Wilcoxson @ Briar Hall

Sobhon Kairy @ Moonrise Capital

Austin Johnk @ Furman

Sholom Vogel @ Family Office

Hongyu (Charlie) Wang @ Family Office

Jack Linke @ Milestones Capital

Peter Birk @ Catalyst Partners

Ethan Gray Rupp @ WISIMCO

Owen Lu @ Third Prime

Elizabeth Kasten @ Family Office

Courtney Dawson @ Family Office

Yannick Sonnenberg @ Emergence

Elizabeth Browne @ GCM Grosvenor

Lindel Eakman @ Foundry

Daryn Dodson @ Illumen Capital

Misha Kryukov @ Endurance

Austin Davie @ W3 Family Office

Christopher Aw @ Pandan Investments

Chris Sundberg @ LA WY Capital

Daniel Greenblatt @ AK Private Capital

Daniel Jeydel @ US Investment Partners

Janneke House @ Private Family Office

Jordan Curnes @ Exceller Hunt

Marina Nitsa Viergutz @ GVO Advisory

Michael Chudacoff @ Talavera Capital

Michael Sidgmore @ Broadhaven Ventures

Morris Wheeler @ Clarion Capital

Rajen Ruparell @ TwoGoose Ventures

Reid Robbins @ Forty Four Holdings

Rosa McCormick @ Key Light Capital

Ross Chaifetz @ Chaifetz Group

Ryan Josephson @ Stonecroft Management

Ryan Mays @ Mays Family Enterprises

Scott Catto @ Broadshade Investments

Shafin Damani @ PuffinVC

Siddharth Saxena @ Vedanta Capital

Spencer Jamison @ Alder Companies

Stephen Mutz @ Wind River Ventures

Stephen Daubert @ Westlake Asset Management

Suleman (Suli) Ali @ Ali Capital

Philip Collins @ Casimir

Douglas Beyer @ Roaring Brook

Amar Chokhawala @ Amar Chokhawala

Yaroslav Slyuzberg @ One Horizon

Kris Knecht @ Overlay Capital

Alex Garza @ Epic Funds.

Ed Stubbings @ Ternion

Darren Chappell @ Capstone Partners

Adam Marchick @ Akkadian

Sayu Sinha @ Private FO

Ning Fan @ CreditEase

Joe Sindelar @ HighVista

Evan McQueen @ Mango Loop

Julia Maltby @ Fengate

Avanish Sahai @ Synapse

Aakar Vachhani @ Fairview

Evan Finkel @ Integra

Dario de Wet @ LTV Capital

Jason Howard @ New Catalyst

David Clark @ VenCap

Fernando Saif @ Azet Capital

Justin Dyer @ AWM Capital

Ted Cleary @ Archer Private Investments

Raphael Ades @ Aston Capital

Patrick Burnette @ Willett Advisors

David Tan @ Shanda

Joshua Collinsworth @ Nomadic Value Partners

Alex Tonelli @ Endurance

Peter Jarman @ Cross Creek

Brandon Smith @ Cortes Capital

Kellen Schmitz @ Caprock

Heinz Blennemann @ Blennemann Family Investments

Russell Deakin @ Aceana Group

Charles Goodrich @ Timberline

Kate Orb @ 1EP

Seck-Eng Tan @ Aestus Capital

Seth Herren @ Bakala Capital

Mark Daher @ Daher Investments

Mark Bulkeley @ DC Investment Partners

Alex Keith @ Deep Acre

Vishal Verma @ Edgewood Ventures

Clément Hardy @ Financière Saint James

Benjamin Ratz @ foobar

Ish Dugal @ GoldenArc

Michael Notaro @ Hanwha Asset Management

Farhan Lalji @ LTV Capital

Erin McCafferty @ Mosaic Funds

Seungha Ku @ Nexus Bay

John Callaghan @ Shea Ventures

Felipe Valencia @ Veronorte

Joo-Lee Lim @ World Innovation Lab

Blurb

Outlaw is the investment layer of a curated ecosystem built over the past 6+ years. 

  • Wedge: The fund benefits from a 20k-reader daily newsletter (linked) and private investor community (linked) that each act as a magnet for high-quality founders and GP nodes.  

  • Strategy: The fund will invest in 50 high-slope founders (formerly-exited founders, Pareto employees, founders with unique audiences) who are building within the general theme of helping companies grow revenue-per-employee (consolidating back office personnel; reallocating towards front office personnel). We will find these people early ($8m - $12m post-money / cap), and we will reserve 20% of the fund for reserves. 

  • Support: The fund will help portfolio companies grow their business through our media arm in ways that other pre-seed funds can't (talent routing, narrative distribution, connection to downstream capital).

More on fund I can be found in the teaser deck (linked), and a full data room with track record, portfolio construction, etc. is available upon request.

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