LP Blueprint
Tell us your raise. We'll tell you the 3 things to do today. LP Blueprint's a personal fundraising assistant for GPs: your site, your pipeline, and the LPs most likely to close. 211 firms have paid for LP Blueprint.
- Top in Finance
- #35
- Subscribers
- 118K
- Paid subscribers
- 10+ paid
- Followers
- 121K
- Paid plan
- $10/mo
- Recommends
- 5
- Podcast
- Yes
rounded by Substack
other newsletters
What they write about
Practical guidance for emerging fund managers raising capital from limited partners, mixed with running satire. Recurring subjects include family offices and allocators, investment committee dynamics, data rooms and fundraising materials, and what raising a fund actually costs.
- fundraising
- venture capital
- limited partners
- family offices
- fund management
Recent examples: GP Net Worth -> Your Fund Size · Why LPs Say Yes, and How LP Blueprint's $4.5B+ in Raises Got There
Written from LP Blueprint’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
118K on Sep 10, 2026 → 118K on Oct 1, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #35 today · #33 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 22 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 7%
- Best rank seen
- #29
- Rank, 7 days
- −2 places
- Followers added
- −65
- Posts
- 9
- Reactions per post
- 122
- Reactions tracked
- 1.8K
of 525 ranked finance newsletters
on Sep 14, 2026
since tracking began
last 30 days
average, recent posts
across 15 posts
Most-reacted post we have seen: Who’s On The IC? None of Your Business 😂 — 210 reactions on Sep 8, 2026.
Recent posts
- GP Net Worth -> Your Fund Size
Look, first, it’s totally okay if you’re on drugs. That’s fine with me. I work in finance. I grew up in the ‘80s. If we remember anything, all we remember is “I learned it from watching you!” Anyway, our fund managers are beginning to get a ton of meetings. We have this little problem. We’re raising about $5B. We’re also about to roll out something big for fund managers. It will tell them three things: If their website’s ready for LPs to visit If the pipeline’s big enough to raise the fund If their LP meetings are converting: yes or no It then tells them the 3 big things they need to do today…
- Why LPs Say Yes, and How LP Blueprint's $4.5B+ in Raises Got There
I drive around in the car a lot and yell at my phone. That’s how I got the idea for Why LPs Say Yes . It’s also because I was really sick of hearing fund managers complain about LPs saying “no”. So that’s how we came up with How LPs Say Yes. We’ve had office hours for years. GPs dial in every Monday at 12pm PT (3pm ET) and say things like “What’s wrong with my deck? I don’t get second meetings!” and “What’s wrong with my website! LPs never book meetings with me!” After like 100 of these office hours I was like, “F*** this s***!” Why don’t we just do a program where the LPs chase down the fund…
- The Black Box: Why Raises Fail
When I was growing up we used to drive by this building on the freeway on our way to San Francisco called Failure Analysis Associates. My sister and I would always say, “Yeah, that’s their third building, the first two fell down.” I lurk in a lot of these book groups on Reddit that talk about esoteric and interesting books about why fund managers and businesses succeed and fail. I like to sit around and listen to really loud jazz and punk rock and read them. Just kidding, I do not read books, I was just saying that to make punk rock girls think I read. I’ve definitely written a few books, but…
- Embattled Wordpress Founder Launches Defamation Suit Against The Letter “W”
by Adam Metz, Sesame Street Court Reporter LP Blueprint: business school for the kids who got kicked outta school. In a stunning turn of events, a Silicon Valley founder, referred to in court documents only as “MM,” has filed a defamation suit against the letter “W,” the very first of its kind, in both open source software, the United States Federal Court System, and Sesame Street and the Children’s Television Workshop. In this docket, the plaintiff, “MM,” accuses the letter “W” of being the root of a 36-year-long conspiracy to subvert his intellectual property. In the 3877-page docket, the…
- Why LPs Say Yes: Cendana Capital
A new emerging fund manager joins LP Blueprint every 30 hours. 24/7, 365. What’s wrong with these people? The one thing I always wanted to know about emerging manager programs: what were my odds of getting into, perhaps even as a solo GP? I, too, wanted to be Arthur Rock. (You may even see a bit of math below that shows why I often rec GPs work in pairs). I decided to make a chart. This is not because I’m smart. I’m lazy and have the attention span of a second-grader, so I need that kind of formatting. If you have one takeaway from this chart: please schedule a colonoscopy . So, if you do…
- Who’s On The IC? None of Your Business 😂
We’re doing office hours in 75 minutes. Fund managers often struggle to figure out who’s on the investment committee, when they’re beginning to work with an LP. This is who’s in charge of the allocation: sale vs. no sale. Most data rooms have three tiers. Obviously nobody’s gonna tell you who’s on the IC before going into tier one of the data room. Frankly, you should know who’s on the IC before you even meet with LP. If your research practice is any good you’ll know this before the first meeting. If you don’t think your research practice is all that great, don’t panic. This is totally normal…
- We Took Labor Day Off. Your Data Room Still Sucks
Happy Labor Day everyone! The 2016 Clown Sightings Panic? 100% LP Blueprint. We’re not in the office today. 2 big notes. First big note : Office hours are normally on Mondays, but we’re postponing to Tuesday, tomorrow, and tomorrow’s office hours is all about the Data Room. We’ve had a TON of questions from our 129+ investment firms lately all about data rooms. To download our data room cheat sheet , click below, and feel free to join us at office hours tomorrow Fund managers typically want to know things like: When should I let LPs into my data room? What should I show LPs in my data room?…
- OpenAI Launches Rogue AI Of The Day Club
by Adam Metz, Junior Technology Cub Reporter Beleaguered by two rogue AI incidents since the beginning of summer, OpenAI decided to lean into the chaos, pulling the ultimate “It’s not a bug, it’s a feature,” launching their Rogue AI of The Day Club. LP Blueprint is designed for the fund manager who is willing to fight a chimpanzee in the parking lot. Now, subscribers who increase their month over month token usage by a factor of 1.5x or greater for 3 months in a row can gain access to special rogue AIs not yet commercially available. “We realized we were so deeply unaligned that the only…
- LPs Know Your Website Is AI Slop
More than 1 in 5 people who use this tool become members of our community. Why? LP Blueprint is a government-supported publication. To receive new posts and support our work, obey the government. Turns out that fund managers who use this Site Audit realize that when an LP looks at their website they realize the website kind of f******* sucks. Like, it talks about things like startup founders and stuff like that. LPs don’t care. Not relevant. This site audit does in 60 seconds what takes most marketing people (even good ones) about two hours. Here’s what our original one did, versus what the…
- Why We Speak of Magnets
When I was about 5 years old, we used to have these little black ring magnets on the fridge. They were very, very strong. You could stack a few of them on top of one another. You could smash your little kid fingers in between them. Actual photo of me under the coffee table, 1982 We also used to have a really nice glass coffee table in our living room. I always used to climb under it and smash my face against it, like I was General Zod, Ursa and Non trapped in the Phantom Zone in Superman II. It was some dope s***. One day my sister, who was about three, decided to throw one of those strong…
- No BS: What raising the fund costs
We used to hand out this cute little two-page budget doc that told fund managers what they needed to do to “raise their fund right.” It told them to allocate about 2 people for every 25-30M of capital and about 3% of the fund to the fundraise. It turns out: Nobody f******* listened to that advice There were tears, lots of tears This is not to say that we were right. This is to say that if you try to raise a $100M fund with 2 people behind the wheel you are going to raise $20-40M. We start nearly every morning with Bon Scott, because we’re crazy like that. And now there’s a 6-page version of…
- 5 More Family Offices You’ve Never Heard Of That Invest in Funds & SPVs
We’ve been discussing two big topics lately around family offices at office hours (Mondays, 12pm PT, 3pm ET, 7pm GMT, 11pm Dubai time). A lot of fund managers come to family offices and say, “I don’t know how to work with family offices and I can’t tell how much money they want to invest!” Here’s the two big topics (we’ll get back to them in a minute): Allocation pressure : who has to write a check in the next 12-24 months, and how we get this information Check size : which family offices typically write what check size What I always ask the fund manager is, ”How many startups can you name…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: LP Blueprint. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Oct 1, 2026.