How Max Ultschuller accidentally established a VC firm that just raised another M 54m

Four years after accidentally launching the VC firm, Max Altschlor, the founder and general partner of GTMFund, has raised the second million fund of 54 million. That million targeted 50 million.

GTMFund is one of the rising crops of “Operator Puretor LED” funds, that is, limited partner investors who have worked in successful tech companies (known as “operators” in VC Perlens), or are currently working).

“They, mostly, are active in their current company, or maybe finishing a run in a company that has earned a hundred crores from zero to,” the Ultschiller told Tekcrunch. The LPS includes people from places like AAPLS, OpenAI, Procore, Laharata and Snowflake, they say.

This LPS is a large number of marketing and sales specialists, known as “go to the market” in Silicon Valley-language, hence the name GTMFund.

In addition to their cash contributors, LPS also helps portfolio companies in sales strategies guide companies – the area where many startups require help – and sellers are hired. They also help to find and evaluate young startups companies investing funds.

The first fund launched in 2021 consisted of about 250 operators and only some institutional investors. It supports companies like AI Composer Author (Value $ 1.9 Billion in its last addition in November), AI Data Center Tech Atlan (which finally raised $ 105 million in evaluation of $ 750 million), and security compliance (finally $ 150 million $ 2.45 billion), in others.

With that track record, Fund II attracted six organizations, including 300 operator Perator LPS, as well as Ben Capital Ventures, Harborwest, Inovia Capital and Franklin Park.

And the Ultitular turns itself under the leadership of emerging emerging funds.

It was not really his initial purpose. Ultschuller was at one time employee number 8 at Udami, operating sales in his early days. Later he helped with the Startup Community Sester and advised for a few startups, then started his own blog called Sales Hacker, which he sold on Outreach in 2018 (though he bought it back). He started investing Angel by writing an early investigation for Gong and Carbon Health.

People with a significant network of Ultschuller were asking them to show them how to invest in Angel. So he decided to try to do that.

He emailed a list of GTM people and shared an idea: “If we collected one million dollars between 20 and 50 of us and put it in 10 companies and then meaningfully supported those companies?” He suggested. “And he went to the gangbusters. We finished collecting 22 million Million for Fund I. “

From LPS silent investment to portfolio companies in the fund, they can choose to do what they want to help or a little. GTMFund has also created community functions: like Deal Flow Channel where LPS can chat; And it organizes six dinners in a year as well as annual solitude.

“It has become a labor of love, just for me. He is very fun, “he said. “I am from our LPS. I am getting like that. I love to work with all these different founders, all of these different companies to help this special topic of GTM. “

The structure of the GTMFund as the Operator Puretor Fund is not normal, but it is not even heard. For example, Mallun Yen founded the Operator Puretor Collector in 2019, which began with Million 45 million outside the gate, and In 2022 the second million collected 92 million And there is also a jealous portfolio. Another recent example is the coalition of Ashley Meyer who In 2022 started with .5 12.5 million.

Talking about the second funding of GTMFund, Altschuller says that the goal is to keep the pre-seed, seed and occasional range A-Lugs behind 40 early-stage companies-with a check size of half million and $ 1.5 million.