Charles Hudson is Founder and Managing Partner at Precursor Ventures

Key Takeaways:

1. Volume matters- do you get to meet enough companies in a year. They meet 3-4k companies and make 30 investments. You can't identify high quality founders if you don't see enough of them.

2. Some investors are great product people, some are good at market structure, some are good people pickers. It helps in venture to decide where you are strongest and double down into it.

3. However much time you're spending on portfolio construction, spend twice as much. LPs care deeply about fund construction and what it takes to build a thoughtful portfolio.

4. When fundraising, look for people who give reciprocal energy, and spend time with them. When you get no follow up, no engagement, don't chase people and instead spend that energy on other folks that care.