You might have more questions. Here are some FAQs...How are you able to raise publicly?
WF 3 is structured as a 506(c). This requires LPs to provide proof of accreditation but enables us to talk about our raise publicly while complying with SEC regulation.Why are you raising publicly?
The venture capital industry is opaque. To invest in a fund as an LP, you typically have to "know a guy". We want to make Weekend Fund more accessible to people that may be less networked and outside our immediate community, even if this is their first fund investment.How large will the fund be?
WF 3 will be $20M although this may fluctuate slightly based on demand.Past performance is always indicative of future performance, right!?
No! It's important that all LPs understand the risks of venture investing. You can lose your money.What check sizes are you accepting from LPs?
We are accepting investments between $2K-10K. We set a low minimum so that we can partner with several amazing operators and founders. We are also capping the check size to ensure our fund remains small as we bring on several new LPs.Do I have to be accredited?
Yes. This is an SEC requirement. More details about accreditation here
.What is the carry and management fee structure?
The fund is a standard 2 and 20 model. We accept 20% carry and 2% management fees over the life of the fund (10 years). Fees are front-loaded at 3% in each of the first three years, 2% in each of the following 4 years, and 1% in the last three years.How are you selecting LPs?
We have a limited number of LP spots. We're looking for people that come from different communities or professions than our own to compliment the support we provide to founders. It's important to us to onboard LPs that are genuinely motivated to get involved and support the portfolio.When are you finalizing the Community Raise?
We are accepting applications through May 14th. Wires must be submitted before Jun 15th.