Get to Know OB Team
This team member loves to watch Formula 1
Aarati
Out of the current clients on onboarding, have 'new' or 'historical' clients been on onboarding longer?
New clients onboarding duration - 205 days
Historical clients onboarding durations - 129 days
What year was Aduro founded?
Aduro was founded by Braughm Ricke in April, 2012.
What is the name for a fund manager who has raised less than $200M and is on their first, second, or third fund?
What is an emerging manager
How many clients does Aduro have? (+/- 10)
630+ clients
This person is a watch aficionado.
Obi
Name the 3 software systems we set up for our clients and the order in which they get access.
Box
FundPanel
Bill.com
How many employees does Aduro have?
350 team members
Name for an organization that creates startups in house starting by forming and testing the very initial idea, to assembling the founding team, to investing early capital.
What is a venture studio
Name 3 of 5 the milestones that clients typically experience while on onboarding.
First close
First capital call
Management fee transfer
First investment
First quarterly reporting
Which person on onboarding enjoys fly fishing.
Priscilla Chuong
How long do we tell clients onboarding typically lasts during the onboarding kick off call?
Bonus: What variables impact this?
3-6 months
Depends on number of LPs, complexity of historical records, where we are in the calendar quarter, client responsiveness
What year did Aduro acquired New Jersey based VMS Fund Administrator?
2022
How long is a typical fund's lifecycle?
10 years
Three phases throughout the ten years include: investing, supporting (follow on investments), harvesting.
What is the average number of LPs for Aduro clients (excluding clients on onboarding)
+/- 5
179
Where did Cassidy go for her 30th birthday?
Banff, Canada
What is the average duration that management companies are with the onboarding team?
316 days (10.5 months)
Name all accounting Directors at Aduro (inclusive of Managing Director, Senior Director, and Director)
Josh Bayens
Oscar Ku
Sarah Pennebaker
Bill Okvist
Casey Tennyson
Rank in order of seniority (highest to lowest) four of the most common roles at a VC firm.
Managing Partner - lead the strategic vision, operations, and fundraising of the firm
General Partner - responsible for making significant investment decisions and developing relationships with entrepreneurs and investors
Principal - deal sourcing, due diligence, and supporting the firm’s portfolio companies
Associate - assist in investment research, due diligence, and conducting market analysis
What % of fund clients on onboarding are also engaged for management company services?
45%
John Romano is named after his family member who was a famous major league baseball player. Name one of the teams that John Romano played for in the 60's.
Cleveland Indians, White Sox, St. Louis Cardinals
Name the 5 topics Julia asks clients about in her follow up email after being introduced to help set the stage for the management company kick off call?
1) Banking / bank accounts
2) Historical Reporting
3) Expenses
4) Credit Cards
5) Payroll
How many Assets Under Administration does Aduro have?
+$125bn
What is the average fund size for a first time fund in 2024?
a. 10M
b. 25M
c. 50M
C. Average size of first time funds in 2024 was 50M.
This accounts for 20% of capital raised compared to 80% going towards established firms.
Name 5 of our top 30 clients at Aduro
SignalFire, Goodwater Capital, Lowercarbon, Carft, Caffeinated Capital, GEF, Safar, Abstract, Bling, First Round, Blockchange, K5, Next Legacy, Commerce, BITKRAFT, Sverica, Juggernaut, Union Square Ventures, Valor, Bullpen, Congruent, Streamlined, Primate Movers, Ahoy, Engine Ventures, Fifth Down, Obvious, Summit Peak, Anzu, Lerer Hippeau