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[@pavelprata](/creator/twitter/pavelprata)
"15/ The lesson for emerging managers: Don't try to copy @foundersfund. That's exactly what they'd say NOT to do. Instead ask @peterthiel's question: "What important truth do very few people agree with you on" Build your fund around that answer"  
![@pavelprata Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1384106988871643143.png) [@pavelprata](/creator/x/pavelprata) on [X](/post/tweet/1945151126908633269) 2025-07-15 15:59:02 UTC XXX followers, XX engagements


"11/ For LPs evaluating the wreckage: The peak ZIRP era taught us that cheap money creates expensive mistakes. Next time rates hit zero remember this thread. Easy capital makes for lazy investing"  
![@pavelprata Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1384106988871643143.png) [@pavelprata](/creator/x/pavelprata) on [X](/post/tweet/1945884500493304101) 2025-07-17 16:33:12 UTC XXX followers, XX engagements


"12/ Find this valuable Like and share this post to help others ❤ My Linkedin: My Substack: My Notion VC guide: Follow me for a front-row seat to the world of VC fund managers and LPs"  
![@pavelprata Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1384106988871643143.png) [@pavelprata](/creator/x/pavelprata) on [X](/post/tweet/1945884502166770002) 2025-07-17 16:33:12 UTC XXX followers, XX engagements


"Edition #2: XX New Funds Launched Q1 Fund Performance Benchmark Endowment VC Sales. Just dropped June 2025 @murphcapital newsletter my monthly brain-dump of the most useful stuff Ive come across as an operator in the GP/LP world. What's inside 👇 Top X Twitter insights: - Q1 2025 VC benchmarks: Net IRR TVPI and DPI data (h/t @PeterJ_Walker) - XX standout solo GPs and their investment focus (h/t @alexklein0x) - A complete breakdown of VC fund fees and expenses (my post) - Why endowments are dumping VC stakes on secondary markets (h/t @MeghanKReynolds) - What does risk management in VC mean"  
![@pavelprata Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1384106988871643143.png) [@pavelprata](/creator/x/pavelprata) on [X](/post/tweet/1940051850692038853) 2025-07-01 14:16:20 UTC XXX followers, XXX engagements


"2/ I think the biggest problem isn't just the money - it's the expectations. LPs who committed $ to a 2021 vintage fund expected: - 25%+ IRRs - 3-5x fund returns - Portfolio companies going public at billion-dollar valuations None of that is happening"  
![@pavelprata Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1384106988871643143.png) [@pavelprata](/creator/x/pavelprata) on [X](/post/tweet/1945884487780299181) 2025-07-17 16:33:09 UTC XXX followers, XX engagements