For emerging venture capital managers, one of the biggest early decisions is whether to go solo or build a team. Solo GPs often move faster and retain full control, while team-led funds can leverage diverse networks and shared responsibilities. But which model sets new managers up for long-term success?
Based on quantitative data from Decile Group’s VC Lab accelerator program for new and emerging managers, including 500+ funds that have successfully completed VC Lab between 2020 and 2024, this report breaks down how solo and team-led funds compare in terms of representation and performance. By the end, you’ll have an answer to the question: Should you raise your first fund alone or with co-founders?