Every time I start working on putting together a fund, I run into the same problem.
Well before I’m actually ready with the docs, I tell a bunch of people that we’re doing a new one.
Then, understandably, they follow-up with me to get the docs.
And I don’t have them, because they always take way longer to put together than I was expecting.
You would think that I would learn from making this mistake before and keep my mouth shut.
But a combination of my pride in what we do and my optimism re how quickly I can churn through the legal stuff always seems to get the better of me.