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VC & Fund Mechanics

Investment thesis

Also: Thesis

The view of the world that guides what a fund invests in — sector, stage, geography or a specific bet on the future.

Why it matters

Pitching a fund whose thesis you don't fit wastes everyone's time; reading the thesis first is the cheapest research you can do.

Hear it from people who've done it

Get the real-world version of "Investment thesis" drawn from hundreds of conversations with founders and investors.

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Episodes on Venture Capital

Trust Over Likability: How Charles Hudson Built a 450-Company Portfolio

First Cheque with Cheryl Mack & Maxine Minter · 31 August 2026

Trust Over Likability: How Charles Hudson Built a 450-Company Portfolio
Sidecars 101: Why Venture Funds Are Investing on the Side

First Cheque with Cheryl Mack & Maxine Minter · 17 August 2026

Sidecars 101: Why Venture Funds Are Investing on the Side
Eric Ries on What Investors Get Wrong About Governance

First Cheque with Cheryl Mack & Maxine Minter · 3 August 2026

Eric Ries on What Investors Get Wrong About Governance
All Venture Capital episodes →
Related terms

Deal flow

The stream of investment opportunities a fund sees.

Conviction

How strongly an investor believes in a deal — enough to lead, price it and defend it internally.

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