Pear VC's Emerging Manager Program: Nurturing the Next Generation of Venture Capital

Pear VC, a well-known seed-focused venture capital firm, is launching a new program aimed at nurturing the next generation of venture capital managers. The Pear Emerging Manager in Residence program provides mentorship, investment, and resources to help emerging venture funds succeed.

• The program is a brainchild of Kathleen Estreich, a Pear partner who previously ran her own emerging firm, MKT1 Capital.
• Estreich recognized the value of operators-turned-fund managers in the venture capital ecosystem and proposed the residency program to Pear founders Pejman Nozad and Mar Hershenson.

Pear VC's Program: A Comprehensive Approach to Supporting Emerging Managers

The Pear Emerging Manager in Residence program offers a comprehensive suite of support to help emerging managers navigate the challenges of building successful venture capital funds.

• The program provides access to Pear's deal flow, allowing emerging managers to evaluate potential investments alongside seasoned venture capitalists.
• Pear invests $250,000 in each participating manager's fund, providing them with crucial capital to start their investment journey.
• The program facilitates introductions to potential limited partners (LPs), helping emerging managers raise capital for their funds.
• Pear's accelerator provides early access to promising startups, granting emerging managers the opportunity to invest in high-potential companies.
• Emerging managers are provided with office space at Pear's headquarters, fostering collaboration and networking opportunities.

Pear VC's Approach: Investing in the Future of Venture Capital

Pear VC's approach to supporting emerging managers is unique in its direct investment from its own fund, signaling a commitment to nurturing the next generation of venture capital talent.

• By providing direct investment, Pear VC is essentially making emerging managers an extension of its own firm.
• This hands-on approach provides emerging managers with invaluable experience and mentorship, accelerating their growth and success.

Pear VC's Selection Criteria: Identifying High-Potential Managers

Pear VC has carefully selected three emerging managers for its inaugural residency program, each with unique strengths and contributions to the early-stage ecosystem.

• Sarah Smith of the Sarah Smith Fund brings her unique approach to engaging with founders.
• John Gleeson at Success Venture Partners leverages his extensive network and expertise in customer success.
• David Ongchoco and Adarsh Bhatt of Comma Capital offer their strong community of mid-career engineers at top tech companies.

Pear VC's Vision: A Lasting Impact on the Venture Capital Ecosystem

Pear VC's Emerging Manager in Residence program is more than just a mentorship initiative; it represents a commitment to building a sustainable and inclusive venture capital ecosystem.

• By supporting emerging managers, Pear VC is fostering competition and innovation within the venture capital landscape.
• The program is designed to be ongoing, with new cohorts of emerging managers joining the program every year.
• Pear VC's initiative is likely to inspire other venture capital firms to adopt similar programs, further enriching the venture capital ecosystem.

The Future of Venture Capital: Nurturing Talent and Growth

Pear VC's Emerging Manager in Residence program highlights the increasing importance of nurturing talent and promoting diversity within the venture capital ecosystem. By providing opportunities for emerging managers to learn, grow, and contribute, Pear VC is shaping the future of venture capital, ensuring a vibrant and innovative landscape for years to come.