Raising a $30 million venture fund in 30 days - Sahir Ali

Sahir Ali is a the founding general partner of Modi Ventures, an early stage venture fund investing in tech-bio startups. He is also an LP in multiple funds including Draper Associates and Khosla Ventures. He is an accomplished entrepreneur and investor. We discuss his path to launching a venture fund, founder selection, decision making and more! Rishad Usmani: https://www.linkedin.com/in/rishadusmani/ Healthtech Investors: https://www.healthtechinvestors.com/ Sahir Alir: https://www.linkedin.com/in/sahirzeeshan-ali/ Modi Ventures: https://www.modivc.com/ 2:10 Why launch a venture fund? 5:40 Hyper vs diligence 7:40 Product vs founder 11:34 Niche down or shotgun approach  14:40 Single gene mutation therapeutics  19:10 LP relationships 24:00 Decision making framework 28:10 Portfolio construction  37:40 What is the ideal emerging manager? 45:30 Process vs outcomes, incentives 49:40 Digital therapeutics 52:52 Momentum investing 57:35 Structure vs intuition 1:01:55 First mover advantage 1:06:40 War time vs peacetime ceo 1:10:10 What's different about healthcare 1:11:30 Can an outsider be successful in healthcare? 1:14:40 What is your contrarian truth? 1:18:40 Is VC a game of picking the best founders or making them? 1:22:40 Intelligence vs consciousness