The Brutal Truth About Starting a Fund— And Why Most Don't Make It
Founder's Story
Patrick William didn't take the safe route. In this episode, the former tech/media M&A banker turned private credit fund founder reveals how he bootstrapped Rixon Capital from a $3M cold-call raise into an internationally respected firm—all without institutional backing. From burning the boats to turning down Plan B, Patrick shares the psychology, risks, and raw reality behind building a fund from scratch.
Key Discussion Points:
- Why starting a fund is like flying a plane with only one engine
- The real reason raising capital is harder than most people think
- Management fees, performance fees, and how fund managers actually make money
- What investors really want (and why they're happy to pay for boring returns)
- Why most high-paying careers hold people back from entrepreneurship
- The "burn the boats" mindset and why it separates real founders from dabblers
- Capital trends in Southeast Asia—and what excites him most about the region
- Why patience is the secret weapon behind long-term returns
Takeaways:
- Great ideas aren't enough—storytelling and persistence close deals
- Investors aren't just buying returns—they're outsourcing stress
- "Mindless self-belief" is a founder's most underappreciated asset
- Sometimes, the only way to win is to make sure there's no way out
Closing Thoughts:
Patrick William isn't just building a fund—he's redefining what smart, disciplined capital looks like in a noisy world. His story is a masterclass in conviction, patience, and making boring look brilliant.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Raw Description
<p>Patrick William didn't take the safe route. In this episode, the former tech/media M&A banker turned private credit fund founder reveals how he bootstrapped <a href="http://www.rixon.capital">Rixon Capital</a> from a $3M cold-call raise into an internationally respected firm—all without institutional backing. From burning the boats to turning down Plan B, Patrick shares the psychology, risks, and raw reality behind building a fund from scratch.</p> <p><strong>Key Discussion Points:</strong></p> <ul> <li> <p>Why starting a fund is like flying a plane with only one engine</p> </li> <li> <p>The real reason raising capital is harder than most people think</p> </li> <li> <p>Management fees, performance fees, and how fund managers actually make money</p> </li> <li> <p>What investors really want (and why they’re happy to pay for boring returns)</p> </li> <li> <p>Why most high-paying careers hold people back from entrepreneurship</p> </li> <li> <p>The “burn the boats” mindset and why it separates real founders from dabblers</p> </li> <li> <p>Capital trends in Southeast Asia—and what excites him most about the region</p> </li> <li> <p>Why patience is the secret weapon behind long-term returns</p> </li> </ul> <p><strong>Takeaways:</strong></p> <ul> <li> <p>Great ideas aren’t enough—storytelling and persistence close deals</p> </li> <li> <p>Investors aren’t just buying returns—they’re outsourcing stress</p> </li> <li> <p>“Mindless self-belief” is a founder’s most underappreciated asset</p> </li> <li> <p>Sometimes, the only way to win is to make sure there's no way out</p> </li> </ul> <p><strong>Closing Thoughts:</strong><br />Patrick William isn’t just building a fund—he’s redefining what smart, disciplined capital looks like in a noisy world. His story is a masterclass in conviction, patience, and making boring look brilliant.</p> Today's Sponsor: Get more leads and grow your business. Go to <a href="https://www.pipedrive.com/founders" target="_blank">https://www.pipedrive.com/founders</a> and get started with a 30-day free trial. <p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>
Show Notes
Patrick William didn't take the safe route. In this episode, the former tech/media M&A banker turned private credit fund founder reveals how he bootstrapped Rixon Capital from a $3M cold-call raise into an internationally respected firm—all without institutional backing. From burning the boats to turning down Plan B, Patrick shares the psychology, risks, and raw reality behind building a fund from scratch.
Key Discussion Points:
- Why starting a fund is like flying a plane with only one engine
- The real reason raising capital is harder than most people think
- Management fees, performance fees, and how fund managers actually make money
- What investors really want (and why they're happy to pay for boring returns)
- Why most high-paying careers hold people back from entrepreneurship
- The "burn the boats" mindset and why it separates real founders from dabblers
- Capital trends in Southeast Asia—and what excites him most about the region
- Why patience is the secret weapon behind long-term returns
Takeaways:
- Great ideas aren't enough—storytelling and persistence close deals
- Investors aren't just buying returns—they're outsourcing stress
- "Mindless self-belief" is a founder's most underappreciated asset
- Sometimes, the only way to win is to make sure there's no way out
Closing Thoughts:
Patrick William isn't just building a fund—he's redefining what smart, disciplined capital looks like in a noisy world. His story is a masterclass in conviction, patience, and making boring look brilliant.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Raw Description
<p>Patrick William didn't take the safe route. In this episode, the former tech/media M&A banker turned private credit fund founder reveals how he bootstrapped <a href="http://www.rixon.capital">Rixon Capital</a> from a $3M cold-call raise into an internationally respected firm—all without institutional backing. From burning the boats to turning down Plan B, Patrick shares the psychology, risks, and raw reality behind building a fund from scratch.</p> <p><strong>Key Discussion Points:</strong></p> <ul> <li> <p>Why starting a fund is like flying a plane with only one engine</p> </li> <li> <p>The real reason raising capital is harder than most people think</p> </li> <li> <p>Management fees, performance fees, and how fund managers actually make money</p> </li> <li> <p>What investors really want (and why they’re happy to pay for boring returns)</p> </li> <li> <p>Why most high-paying careers hold people back from entrepreneurship</p> </li> <li> <p>The “burn the boats” mindset and why it separates real founders from dabblers</p> </li> <li> <p>Capital trends in Southeast Asia—and what excites him most about the region</p> </li> <li> <p>Why patience is the secret weapon behind long-term returns</p> </li> </ul> <p><strong>Takeaways:</strong></p> <ul> <li> <p>Great ideas aren’t enough—storytelling and persistence close deals</p> </li> <li> <p>Investors aren’t just buying returns—they’re outsourcing stress</p> </li> <li> <p>“Mindless self-belief” is a founder’s most underappreciated asset</p> </li> <li> <p>Sometimes, the only way to win is to make sure there's no way out</p> </li> </ul> <p><strong>Closing Thoughts:</strong><br />Patrick William isn’t just building a fund—he’s redefining what smart, disciplined capital looks like in a noisy world. His story is a masterclass in conviction, patience, and making boring look brilliant.</p> Today's Sponsor: Get more leads and grow your business. Go to <a href="https://www.pipedrive.com/founders" target="_blank">https://www.pipedrive.com/founders</a> and get started with a 30-day free trial. <p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>