The Shame Is Worse Than The Rejection (And Three Ways to Make It Stop)

Written by Adam Metz | Nov 4, 2025 5:04:19 PM

 

That velocity post got 7 responses from GPs within an hour.. Here's what GPs actually wrote back - and what their reactions reveal about whether they'll ever fix their fundraising problem.

What GPs Actually Said When They Read That Velocity Post

That post about velocity hit a nerve.

Within 60 minutes, we had 7 emails from GPs.

But here's what was interesting: their responses revealed three completely different types of reactions. And which reaction you have determines whether you'll fix this quickly or spend the next two years suffering.

These aren't our observations. These are actual quotes from GPs who responded.

We'll show you what they wrote, word for word (names and firmsredacted). Then you can decide which one sounds like you.

Reaction 1: "I need to fix this before I start my next raise"

Here's what one GP wrote:

"Fund I was indeed raised between Feb and June 2022, $15m. Just came back from RAISE where I was amongst the 100 selected funds. But I'm sold on the notion that velocity matters - certainly don't want to fall into the 'slow motion' trap, hence my reaching out now."

This GP closed Fund I in 4 months. That's $3.75M per GP per month - 469-938% of benchmark velocity.

He's not reaching out because he's stuck. He's launching Fund II very soon, and wants to make sure he doesn't lose momentum.

Read that again: The highest-velocity GP in my inbox was the one reaching out BEFORE the problem started.

The pain he's avoiding: Spending 18 months grinding. Watching his co-GP second-guess the partnership. Avoiding conferences because he's "still raising." Lying to his team about pipeline. Wondering at 11pm if he made a catastrophic mistake.

The medicine: Capital OS Platform ($1,000/year)

You get templates, a non-anchor LP directory, frameworks, and weekly office hours to build the system before the pain starts. You implement it yourself. You stay lean. You don't become the arguing GP at the bottom of the leaderboard.

Do you need this? No. You could figure it out yourself over 18-24 months of trial and error while watching your best investment opportunities go to faster funds. But why would you choose to suffer when you can just not suffer?

Application and payment: https://www.lpblueprint.com/capital-os-platform

Reaction 2: "I have some traction but I see the gap"

Here's what three different GPs wrote:

"Our fund size is 50m. 40% committed by an institutional fund. Looking for creating velocity for the other 60%."

"We'd love to jump on an intro call to learn more. Looping in our team to help coordinate on our end."

"We are leaning towards the Advisory solution, although we still have little information on scope. We do have an approved budget for this type of engagement. Our full team of three GPs is available." 

These GPs have traction. They have anchors. They're not drowning.

But they see the gap between where they are and where they could be. They're tired of the grind. And they're ready to fix it.

One has $20M raised and wants to accelerate the remaining $30M. Another has budget approved and all three GPs available this week.

These are not "desperate GPs begging for help". These are strategic GPs who see an operational problem and want the technical solution.

The pain they're experiencing: The grind is eating them alive.

Every LP call that goes nowhere. Every "let's stay in touch" that means no.

Every conference where they fake enthusiasm about their pipeline. The exhaustion of doing this for another 12-18 months. The fear that their Fund I returns will be mediocre because they spent 24 months raising instead of 6.

The medicine: Capital OS Premium ($7,875/year per GP, typically $26K-40K total for 2-3 GP firms over a 19-20 month raise)

Weekly office hours with funds your size (average raising $65M). Full pipeline systems. The exact frameworks the funds moving at $753K/day are using. All partners enroll. You implement with your team.

Our Premium GPs are collectively raising $14.1M per month right now. Not because they're smarter than you. Because they have systems you don't have yet.

Do you need this? No. You could keep grinding for another 12-18 months and eventually close. But the emotional cost of watching months turn into years while your best deals go to faster funds - is that really worth saving $7,875?

Application: https://www.lpblueprint.com/cosp-application

Payment: https://www.lpblueprint.com/capital-os-premium

Capital OS Operating Agreement - Key Requirements:

All Premium participants must allocate minimum 70% of working hours to fundraising (violations = immediate removal). The typical fund is $65M with 2-3 GPs requiring ~$1.3M annual budget across team, tech, marketing, and travel - under-resourcing kills velocity. Capital OS materials cannot be shared with unlicensed team members, and weekly reporting/traction tracking is mandatory (the OS is the product). All participants must sign before onboarding.

Reaction 3: "This doesn't really apply to me because..."

Here's what two GPs wrote:

"Thanks for your quick response. We don't intend to have all $15M committed by the first close - our initial goal is to have minimal $4M in committed capital by the end of Q1 2026. I'll get back to you later once I read through the details of your three program plans and align with my partner."

Translation: "Your numbers scared me. Let me lower my expectations so the problem seems smaller. I'll figure this out myself."

This GP went from "$15M fund" to "$4M first close" in one email. That's not strategy. That's retreat.

Here's another one:

"We commenced a US$30 million venture capital fundraise in 2022, which we have since refined into a US$10 million private credit vehicle on the advice of our anchor at the time. They ditched us 2 months ago after 24 months of 'talks and dd'. Despite that, we currently have US$1M committed. Embarrassed to say what our velocity is, well below the minimum levels you stated."

$30M → $10M → anchor ditched after 24 months → $1M raised total.

Notice the word choice: "Embarrassed."

This is what happens when you don't fix velocity early. The goal keeps shrinking. The anchor walks. You're too ashamed to state your numbers.

The pain they're drowning in: They can't sleep.

They're lying to their team about how close they are. They avoid other GPs. They stopped posting on LinkedIn months ago. Their co-GP is questioning whether this was the right move. LPs smell the desperation and slow-walk diligence even more. They're in the third and fourth stages of fund death and they know it. (We will speak to all five stages of fund death in a post coming soon)

The medicine: Capital OS Advisory ($50-60K/year)

We work directly with your entire team (all GPs and MDs). We unblock them.

We build the systems with you, not for you. We compress 18 months of grinding into 6-8 months of structured execution. You focus on closing LPs while we handle everything else.

This is for GPs who need the pain to stop NOW, not in 12 months. All partners must participate. We require budget approval and availability from all GPs for a discovery call up front. We will not get on a call without the list of questions from your team. 

Do you need this? No. You could keep suffering. You could spend another 18 months at $108K/day. You could watch your MOIC erode. You could explain to your LPs in three years why Fund I underperformed. You could give up and go back to your old career.

Or you could make the pain stop in the next 6-8 months instead of the next 18-24 months.

Reply with your team's availability for a discovery call if you're ready.

The Arguing GP at the Bottom of the Leaderboard

We run weekly office hours for GPs. This week, one of them most of the entire hour arguing.

His fund: 4 GPs raising $20M. Current velocity: $125,000 per year per partner.

Do the math: That's $10,417 per GP per month. About 1-2.6% of benchmark velocity.

He's at the bottom of the leaderboard. And instead of observing what the winners do, he spent 30 minutes arguing about line items.

"It doesn't cost 2-2.5% to do a fundraise."

"Cost of capital isn't 6.5% across a 10-11 year fund."

"We can save 10-20% on these expenses."

Maybe he's right. Maybe he can save 15% on those line items. I am not disagreeing.

But here's what he's missing: LPs don't take 4 GPs raising $20M seriously in this market.

The math doesn't work:

4 GPs × $200K salary = $800K/year minimum burn $20M fund × 2% management fee = $400K/year revenue You're losing $400K/year before you pay for anything else

LPs see that structure and immediately know:

  • You can't make hard decisions (why do you have 4 GPs?)
  • You don't understand fund economics
  • You're going to be constantly raising instead of investing
  • Your team is too big for your fund size
  • You lack conviction about who should actually be a GP

And this GP is sitting at $10K/month velocity arguing about whether fundraising costs 2% or 1.7%.

Meanwhile, the winners in the same office hours get 10,000+ website visits per month. They're not arguing about cost line items. They're building systems that create FOMO.

My ten-year-old asked me when we were in the car late later: "Why were you yelling at those guys? Are you their boss?"

I said no, I wasn't. I wasn't yelling.

But I was frustrated. It was the 2nd or 3rd time we'd had the same conversation.

I was trying to get them to understand: When you're at the bottom of the leaderboard, you have two options.

You can spend your time arguing about details.

Or you can spend your time observing what the winners do and implementing it.

This GP chose to argue. Which means he'll still be at $10K/month velocity six months from now, still in pain, still wondering why LPs won't take him seriously.

You Don't Need Our Help. But Here's What Happens If You Don't Get It.

Look at those three reaction types again.

Reaction 1 GP closed Fund I in 4 months and is being proactive about Fund II.

Reaction 2 GPs have $20M+ raised, see the inefficiency, and are ready to fix it this week.

Reaction 3 GPs are lowering their targets, getting ditched by anchors, and admitting they're "embarrassed" about their velocity.

The GPs moving fastest weren't the ones who "figured it out" after 8 months of struggle.

They were the ones who built the system BEFORE the struggle started. Or they were the ones who admitted they were in pain and got help at month 8 instead of month 24.

Here's what continuing without help looks like:

You keep grinding at $108K/day for another 18 months.

You start lying to your team about how "close" you are to closing.

You avoid other GPs at conferences because you don't want to admit you're still raising.

You stop posting on LinkedIn because any activity reminds people you haven't closed yet.

Your co-GP starts questioning the partnership.

Your best investment opportunities go to faster funds with better velocity.

You finally close after 24 months, exhausted and demoralized.

Your entry valuations are 20-30% higher than they should be because you missed the best timing.

Your Fund I MOIC is 1.8x instead of 3.2x.

Your LPs don't re-up for Fund II because the returns weren't there.

You're back to fundraising from scratch for Fund II, but now with mediocre performance.

Fund II never closes.

You go back to your old career, telling people "the timing wasn't right" or "my thesis was ahead of its time."

Or here's what getting help looks like:

Platform ($1K): You build the system at month 0. You never become the stuck GP. You close in 4-6 months instead of 18-24.

Premium ($7,875/GP), typically $20-30k/raise: You compress the timeline at month 8. You go from grinding to systematic. You close in the next 6-8 months instead of the next 12-18.

Advisory ($50-60K): You stop the bleeding at month 12. We build the system with your team. You close in the next 6-8 months instead of never.

The choice is simple:

Suffer for 18-24 months and lose 20-30% of your MOIC.

Or make the pain stop in the next 6-8 months.

You don't need help. You can do this yourself. It will just hurt a lot more and take a lot longer.

Which reaction did you have when you read this?

Reply with:

  1. Your fund size
  2. How long you've been raising
  3. Current velocity (capital committed / days elapsed)
  4. Which reaction you had (1, 2, or 3)

Platform: $1K/year 

Premium: $7,875/year per GP - ($26k-40k per raise)

Advisory: $50-60K/year

If you need anything, send over what you're seeing out there, and show us your GP Velocity, and we can tell you if you may need help.

-Adam, LP Blueprint