For limited partners
Most of the people who could back a venture fund have never been asked. This page is for them, and for experienced LPs who want to know how we work.
Who this is for
Operators, founders, engineers and professionals who have watched AI change their own work and want a stake in what gets built next. Family offices building a first venture allocation. Experienced angels who want a fund to do the sourcing and the paperwork.
You should be an accredited investor, comfortable with a ten-year horizon, and able to treat this as a small, speculative slice of a larger portfolio. If you are not sure whether that describes you, the Academy will help you find out in an hour.
What the relationship looks like
- LearnWork through the LP Academy. It is free and covers everything from eligibility to tax forms.
- Introduce yourselfTell us who you are and what you are curious about. We reply personally, usually within a few days.
- TalkA conversation about the thesis, the fund, and whether it fits your situation. We share documents after this, not before.
- Decide slowlyRead the documents, ask a lawyer or advisor, and take your time. Nothing here is a countdown.
- Stay closeQuarterly letters, founder access, and an LP community that keeps learning together.
Questions LPs ask
Who can be a limited partner?
In the United States, interests in a venture fund are generally available only to accredited investors: roughly, individuals with income above $200,000 (or $300,000 with a spouse) in each of the last two years, or net worth above $1 million excluding a primary residence, or certain professional licenses. Entities have their own tests. The Academy walks through each one.
What is the minimum commitment?
Small funds like ours typically take commitments well below what large institutions require. We discuss minimums in conversation rather than on the website.
Do I wire everything at once?
No. You commit a total amount, and the fund calls it in portions over roughly the first three to four years as investments are made. Each capital call comes with notice, usually ten to thirty days.
How long is my money committed?
A venture fund usually has a ten-year life with possible extensions. Distributions, if any, tend to arrive in the second half. This is a long, illiquid commitment and should be a small part of a diversified portfolio.
What are the fees?
Venture funds typically charge an annual management fee on committed capital and carried interest on profits. Exact terms are in the fund documents, which we share after a conversation.
What do I get besides a return?
Quarterly letters that explain what we did and why, access to the founders we back, co-investment opportunities where they exist, and a community of LPs learning venture together.
What paperwork should I expect?
A subscription agreement and investor questionnaire up front, then an annual Schedule K-1 for taxes, which often arrives after the standard filing deadline. Plan for an extension.
Ready when you are.
This page is educational. It is not an offer to sell or a solicitation to buy an interest in any fund. Any offering is made only through definitive documents to investors who qualify.