Fund of Funds Perspective: What are they looking for in VCs? Home Resources Fund of Funds Perspective: What are they looking for in VCs? Home Posted October 28, 2020 It’s the GPs job to put entrepreneurs under the microscope when looking at investing in opportunities…but the VCs themselves are also subject to due diligence by their own investors. LPs do have selection criteria before making investments in VC funds. The relationship between GP and its investors is core of the VC business. Kristina Williams, President and CEO of Alberta Enterprise Corporation (AEC) and Kim Furlong, CEO of CVCA discuss what FOFs are looking for from VCs fundraising during COVID-19.