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Podcast: Sweat Capital
Episode: #123 â Mitch Hughes (Founder, NextGen Ventures): How Do You Raise $2M With No Track Record?
Description: In this episode of Sweat Capital, we sit down with Mitch Hughes, founder of NextGen Ventures, for a real look at what it takes to raise a first-time fund â when you donât have the âstandardâ VC network or track record behind you. Mitch breaks down how NextGen closed ~$2m in its first close (targeting $2.5m), what the fundraising process actually looked like, and why cold outreach was a huge part of getting momentum early. He explains the strategy they used to build credibility before writing a single cheque: setting up a national student scout network...