If you’re looking for a full crash course on some of the ins and outs of venture capital funding, you may want to keep reading.
As the founder and managing partner of Zeal Capital Partners, located in Washington, D.C., Nasir Qadree, knows the ins and outs when it comes to the world of venture capital.
Now he’s on a mission to spread his knowledge with the world on the latest episode of AfroTech’s Black Tech Green Money podcast with Will Lucas.
Early Beginnings & Success
Qadree first entered the industry six years ago. Since then, he has helped build an inclusive investment vehicle with a focus on partnering with exceptional management teams made up of diverse backgrounds and skillsets that narrow the American wealth and skills gap.
Just last year, Qadree closed an oversubscribed first fund which included a whopping $62.1 million fund, which AfroTech previously reported has become one of the largest funds to ever be raised by a solo general partner to date. And, it’s important to note that the original target was $25 million.
What is a venture capital fund?
“A venture capital fund is essentially a pool of capital that includes your institution, other people’s capital and it can come from different types of entities,” Qadree explained on the latest episode of Black Tech Green Money with host Will Lucas.
Included in that fund are also private foundations, high network individuals, university endowments, fund of funds, sovereign wealth funds, and more.
“These are entities that seek to invest in managers, such as myself, or venture capitalists to execute a strategy with the goal of producing top tower return,” he said. “So, whatever dollar amount they invest into that fund, their hope is to get 5,10,12, 20 times return back in their capital.”
To hear Qadree further explain the fundamentals of VC, how partners operate, and more listen to the full Black Tech Green Money episode below.