Ellie Wheeler

It is incredible what care.fi has built - an OS for healthcare players —unifying RCM, claims intelligence, and embedded finance into a single execution layer. Welcome to July Family, Care.fi

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Two weeks ago on Swimming with Allocators, we sat down with David Clark, CIO at VenCap, to talk about what decades of venture data can teach allocators. One takeaway that stood out: discounts don’t matter as much as people think in venture secondaries. Because venture is such a power-law asset class, outcomes are driven by exposure to a few massive winners. Whether a stake is bought at a small discount, or even a premium, often matters far less than the quality of the underlying company and its upside. Great conversation on venture returns, manager selection, and the nuances of how allocators should think about secondary investments. 👇 Link in the comments.

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We often see that early restraint and alignment are vital for first-time CFOs. This article discusses how taking the time to create context and build trust is essential for making a lasting impact: https://lnkd.in/eUma_Wq3

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Can fundraising teams detect a stalled process before silence becomes the strategy? The forwardable lesson is that long sales cycles need an early-warning layer, not simply more activity at the top of the funnel. The system is designed to recommend action, not merely record that progress slowed. The Long Cycle RAISE combines mandate scoring, allocation signals, trigger detection and pipeline intelligence to surface issues earlier. The Warning Layer The workflow can track investor stage, relationship activity, soft commitments, hard commitments and risks around the target process. The Waiting Problem The company is addressing a process that managers already understand and repeatedly need to solve. RAISE is raising capital and looking for investors. See company website https://raiseplatform.eu and then DM me for more info. Is faster feedback more valuable than faster outreach in institutional fundraising?

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"So what exactly is a venture studio?" I'm not sure how many times I've had this conversation over the last few years. At least a few times / week. For aspiring venture builder - especially those in institutional settings, 'getting' the model - and understanding how it differs from others - is critical. So, we're starting at the beginning. On March 19, I'm sitting down with Matthew Burris for the first session of the The Venture Studio Forum's University Track Speaker Series. Matt is widely credited for helping to define the venture studio asset class - he co-authored the Venture Studio Index and built the Three-Role Framework that the industry uses to classify studios. He's spent more time researching what makes a studio a studio than anyone I know. If you're at a university, research institution, or economic development org trying to figure out whether a venture studio makes sense for you, this is where to start. Note, this event kicks off a five part-series we're running through the VSF, all focused on helping institutions understand and evaluate the model. Here's the full program: Mar 19: What Is a Venture Studio? Apr 16: University Studio Examples May 21: Funding Mechanisms Jun 18: Finding & Working with Studios Jul 16: Sourcing & Evaluating Founder Talent Registration link in the comments!

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The search fund model is built on alignment. But "usually" isn’t "always." While search funds are collaborative by design, collaboration doesn’t eliminate tension. Based on experiences from both sides of the table, our latest note explores the moments when incentives between ETA CEOs and investors naturally drift apart. Why this matters: It’s Structural: These aren't "bad actor" stories; they are inherent constraints of the model. It’s Predictable: Tensions surface when timelines, personal realities, or stakes shift. It’s Navigable: Understanding these frictions upfront builds empathy, clearer expectations, and better discussions. Grateful to collaborate with Alex Hodgkin, CFA, and A.J. Wasserstein on a topic that rewards honesty and dialogue over optimism alone. Read the full paper at: https://lnkd.in/e_eskQ9V #ETA, #SearchFunds, #Searchfund, #EntrepreneurshipThroughAcquisition, #Entrepreneurship, #CorporateGovernance, #InvestorRelations, #PrivateEquity, #YaleSoM, #Kellogg, #Booth

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