Josh Buckley, a former chief executive officer of venture-backed company Product Hunt, hopes to raise a fourth $250m fund for his venture capital firm, Buckley Ventures, according to a regulatory filing.

Buckley's ambitions for this fund are much lower compared with his previous one. This time, he targeted a $500 million third fund in February, 2022, right when the VC world hit a bear market. He managed to raise only $337 million for it, PitchBook data show.

Against the backdrop of a fundraising frenzy that peaked in 2021, Buckley emerged as one of the so-called solo venture capitalists, rivalling the Lachy Grooms in the world willing to offer better terms and higher prices to win deals for coveted startups.

A few of Buckley's more high-profile bets didn't pan out. The Pakistani logistics startup Airlift shut down in 2022, roughly a year after Buckley co-led an $85 million Series B. Buckley declined to comment.