In this conversation with Ryan Hanley on his podcast Finding Peak, Volition Capital Founder and Managing Partner Larry Cheng shares the rarely told story behind building Volition. One shaped not by overnight success, but by persistence, clarity of strategy, and hundreds of rejections along the way.
Larry reflects on what it took to raise Volition’s first fund in the aftermath of the financial crisis, the mindset required to withstand “no” after “no,” and why alignment between founders and investors matters more than ever. He also breaks down the fundamental differences between venture capital and growth equity, offering founders a practical framework for choosing the right partner, and the right game to play.
From the early days of backing Chewy to the growing importance of brand, community, and founder authenticity in an AI-driven world, this episode offers a candid look at the principles that continue to guide Volition’s approach today.
A must-watch for founders navigating growth, fundraising, and long-term company building.
