This week on Turpentine VC, we’re dropping an episode from David Weisburd’s “How I Invest Podcast” with Nichole Wischoff of Wischoff Ventures. Nichole discusses her impressive $50 million fundraise, closed in a bear market, sharing her strategy, brand-building efforts, and tips on leveraging social media to attract investors.

—

📰 Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess

🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse

—

RECOMMENDED PODCAST:

🎙️How I Invest with David Weisburd

Apple Podcasts: https://podcasts.apple.com/us/podcast/how-i-invest-with-david-weisburd/id1697772657

Spotify: https://open.spotify.com/show/2MHgyKMmJgznPI66MLxZfC

YouTube:https://www.youtube.com/channel/UCncFI0XEvTu7k4er6BgVN9g

—

SPONSORS:

☁️ Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds and offers one consistent price. Oracle is offering to cut your cloud bill in half. See if your company qualifies at oracle.com/turpentine

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

LINKS:

Wischoff Ventures: https://www.wischoff.com/

—

X / TWITTER:

@NWischoff

@DWeisburd

@eriktorenberg

@TurpentineVC

—

TIMESTAMPS:

(00:00) Intro

(00:35) Nichole Wischoff’s $50 million fundraise

(01:46) Building a brand and distribution

(02:50) The power of media in venture capital

(05:21) Fundraising strategies and challenges

(13:50) Sponsors: Oracle | Squad

(17:01) Leveraging relationships and networks

(22:39) Building a Twitter following

(29:37) Conclusion and contact information

—

HIGHLIGHTS FROM THE EPISODE:

Nichole Wischoff raised $50 million for her fund in five months during summer 2024's tough market.
Her strategy focused on a first close of 50% by May and final close in August, creating momentum.
Performance matters: her previous funds were top decile performers, providing essential credibility.
$38.5M of the $50M came from just six LPs, with Sendona anchoring at $15M.
Brand building through social media gave her the ability to "get on the phone with anyone" after two years.
She got everyone in the data room simultaneously with a clear timeline, creating competitive pressure.
After securing first close, she emailed everyone still in the pipeline to create urgency and force decisions.
For social media success, she recommends authentic opinions and willingness to be wrong publicly.
She narrowed relationships from 50 fund managers down to 8-10 truly trusted partners (the 80/20 rule).
Always fundraise when you need capital, not based on market timing or what other GPs say.

E82: Fundraising in Bear Markets: How Nichole Wischoff Closed $50M [How I Invest]

Powered by Wave AI