# The LP Journey

> From first touch to redeploy: the eight stages of the LP relationship at FirstDegree. Surface, Qualify, Educate, Onboard, First Deal, Engage, Expand, Distribute.

URL: https://firstdegree.io/insights/lp-journey

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May 23, 2026
Capital is everywhere.
Access isn't.
Most funds describe what they invest in. Few describe how they actually treat the people who back them. We think that's the wrong way around.
At FirstDegree, the LP relationship isn't a quarterly update and a year-end PDF. It's an operating system — eight stages, each with a promise, a moment that matters, and a signal we measure ourselves against.
This is what the journey looks like from the inside. Tap any stage to open it.
The moment that matters
Signal we measure
From first touch to redeploy — every stage is a promise we either keep or lose them on.
FDOS · Debbie · v1
If this resonates
## Want to see the next live deal?
We don't run a waitlist. We run a circle. If you're an operator, angel, or family office who invests in AI-native B2B, the door is open — through someone who knows us.

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FirstDegree — access-first investor in AI-native B2B companies at pre-seed and seed. https://firstdegree.io