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Is any VC model between focused/dispersed/hybrid recommended for a First Fund/Solo GP (I am assuming here a $5M Pre-Seed fund) conscious that a hands-on approach may be preferred for a first fund to demonstrate your diligence/advisory skills but that you may not be able to execute more than 10 deals because you are solo and thus risk a lack of diversification in your portfolio?

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You need to pick a model that fits your strategy, secret sauce, and stage. For example, if you invest in pre-seed, naturally you will lead to a more dispersed approach because the risk of the portfolio companies is so high. It's not uncommon for pre-seed funds to need to invest in 30-50 companies. However, just because that's the case in general, it doesn't mean that that's the case for everyone. 

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