
Why a $1B VC Fund Needs a $100B Exit | Elizabeth McCluskey, TruStage Ventures
Elizabeth McCluskey invests in fintech for a living as Managing Director of the TruStage Ventures Discovery Fund, and backs early-stage founders with her own money as an angel investor. In this episode, she breaks down how venture capital and angel investing actually work, from SPVs and cap tables to the fund math that decides which companies a VC can back, and why a “no” from a mega fund often has nothing to do with your business. Elizabeth shares her path from investment banking at UBS to wealth management, business school and impact investing, and why, after a decade of pitching deals to investment committees, she decided to become an investment committee of one. She explains what she looks for in a founder’s inner circle, why she won’t invest in a 6 out of 10 founder, the partnership slide red flag that ends a deal for her, and how to read between the lines when a VC says “too early.” Plus, the story of how a single LinkedIn post about a decaf coffee brand turned into an oversubscribed Brydge Club deal. Connect with Elizabeth McCluskey: LinkedIn: https://www.linkedin.com/in/elizabethcmccluskey TruStage Ventures: https://www.trustage.com/ More on Host Ruffin Mitchener: https://beacons.ai/ruffin About Brydge Club: Brydge Club, hosted by Ruffin Mitchener, aims to bridge the $1.7 trillion financing gap for female founders. Every Wednesday, the show features in-depth interviews with industry leaders and innovators, educating and empowering women in venture capital and entrepreneurship. Through insightful discussions, Brydge Club seeks to inspire listeners to break barriers and achieve success in the business world.





