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On this week's episode of the L.A. Venture podcast, meet Raina Kumra. She recently joined The Fund L.A. as a partner, where she works alongside last week's guest, Anna Barber.

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Every venture capital fund likes to insist that they are unique even though they usually all operate from the same playbook. The Fund, which quietly launched in Los Angeles earlier this year — two years after starting in New York — is actually different.

It is a venture fund for those who eschew venture funds. No professional investors are allowed, there is no full-time staff, and it charges a reduced management fee.

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