A big part of running an accelerator or a Venture Capital fund is fundraising. Whether it’s fundraising for your fund or more importantly, helping and working with your portfolio companies on their own fundraising process. I would say particularly being in Silicon Valley this is what I and other investors spend a disproportionate amount of time on. (I could argue maybe a bit too much). 

Text to speech by Listencat.com

Source: https://hardfork.substack.com/p/fundraising-is-supposed-to-be-hard