I hope you’re well — since our last update, Trust Fund is 3 months older, wiser, and has written 4 more checks. Beware, this is an exciting (and thorough) update — I hope you enjoy!
Been studying poker equity and pot odds and yes I am really getting these Trust Fund chips made.
One set, just for moi 🕶️
We started investing from Trust Fund One in December of 2022, and the fund is currently ~35% deployed. We’re excited about how the portfolio is shaping up — below is an overview of where where the fund is and the investments we’ve made since our last update.
Deployed: $1,164,999 (~35% of current investable capital)
# Of Companies: 6 Seed, 1 Pre-seed
Initial Capital Deployment: December, 2022
Estimated Investments out of Fund One: 25-30
Target Capital Commitments: We've surpassed our $5M initial target raise, and are still accepting checks up to a $10M hard cap – if you'd like to increase your position or make intros to LPs, you know where to find me.
Capital Commitments: $5,073,960
Notable new LPs!: David Sacks (Craft Ventures), Phil Hellmuth (The Greatest), Eric Kim, Sunny Madra, David Lee (Samsung), Jeff Fluhr (Craft Ventures), Alex Friedman (Digital creator, Techstars), Codie Sanchez (Digital creator, Contrarian Thinking)