# Micro for LP Fundraising

Track your fund raise from first conversation to commitment — with AI that keeps your LP pipeline updated automatically.

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## Quick Setup

### Create an LP Fundraising List

Press `Cmd+K`, type "new list", and select the **LPs** template. It comes pre-configured with stages, properties, and views for institutional fundraising.

### Add LPs

Add LPs from your contacts, import a CSV from your existing tracking tool, or let Auto-Add pull them in from your email activity.

### Connect Your Email

If you haven't already, connect your Gmail in **Settings → Connected Accounts**. Micro uses your email and calendar activity to keep your LP pipeline updated.

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## Your LP Pipeline

The LPs template comes with stages designed for institutional fundraising:

| Stage | What it means |
|-------|--------------|
| **Prospecting** | Researching LPs before reaching out |
| **Inbound** | LP initiated contact |
| **Conversations** | Active back-and-forth about your fund |
| **Meeting Scheduled** | Formal meeting or pitch is set |
| **Meeting Complete** | You've had the meeting |
| **Interested** | Clear signal of investment intent |
| **Handshake Deal** | Terms agreed, awaiting docs or wire |
| **Invested** | Funds received |
| **Dead** | LP passed |
| **No Stage** | Not yet categorized |

Switch between **Pipeline** (kanban) and **All LPs** (grid) views using the tabs at the top.

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## LP Properties

The template comes with properties designed for fund fundraising:

| Property | What it tracks |
|----------|---------------|
| **Investment Amount** | Target or committed investment amount |
| **Likelihood to Close** | Probability of investment (0–100%) |
| **Priority** | Urgent, High, Medium, Low, None |
| **Next Steps** | AI-suggested actions to move the conversation forward |
| **Pass Reason** | Why an LP declined (AI-captured) |

Add custom properties for anything else — LP type (fund of funds, endowment, family office), minimum commitment, due diligence status.

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## AI Autofill

AI keeps your LP pipeline current:

- **Status** — LPs move through stages based on your email and meeting activity. Schedule a meeting and they move to "Meeting Scheduled." If they pass, they move to "Dead."
- **Investment Amount** — Extracted from discussions and formal commitments
- **Next Steps** — AI suggests what to do next based on your latest interaction
- **Pass Reason** — Captured when an LP declines

The template is configured to recognize LP fundraising conversations — term sheets, due diligence requests, pitch discussions, and general conversations with institutional LPs.

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## Prep for LP Meetings

Before a meeting, click **Meeting Prep** on the event page. The AI will:

- Research the LP and their fund
- Surface your email history and past interactions
- Highlight their investment focus and portfolio
- Suggest talking points

Add a **Context Doc** to your LPs list with details about your fund (target size, thesis, track record, terms). The AI references this when preparing for meetings and drafting emails.

Learn more about [Context Docs](/docs/using-micro/skills-context-docs)

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## Email LPs from Micro

Manage all LP communications without leaving Micro:

- **Compose** — Press `C` to draft a new email
- **Schedule Send** — Time your emails for optimal delivery
- **Custom Email Views** — Create a view filtered to just LP conversations
- **AI Drafts** — Ask the AI to draft follow-up emails, thank-you notes, or LP updates

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## Share with Your Team

Your LPs list is shared with your workspace by default. Partners can:

- See the full pipeline and activity feed
- Add notes and update records
- See meeting history and email metadata (not email content, unless you adjust sharing settings)

Learn more about [Collaboration & Sharing](/docs/using-micro/collaboration-sharing)

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> **Note:** The LPs template is designed for VCs raising from institutional LPs — fund of funds, endowments, family offices, and other allocators. If you're a founder raising from VCs and angels, use the **Fundraising** template instead.