Firsthand Ventures Fund I, LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Oct 7, 2022, it has sold $7,695,495 of interests to 79 investors since its first sale in Oct 2021. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Firsthand Ventures Fund GP I, LLC; Simon Chan; Firsthand Ventures Management, LLC.
- Total raised
- $7,695,495Cumulative sales reported on Form D
- Investors
- 79
- First sale
- Oct 10, 2021
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Firsthand Ventures Fund GP I, LLC; Simon Chan; Firsthand Ventures Management, LLC
- Latest Form D
- Oct 7, 2022
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Firsthand Ventures Fund I, LP
What is the minimum investment for Firsthand Ventures Fund I, LP?
Firsthand Ventures Fund I, LP's latest Form D, filed Oct 7, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Firsthand Ventures Fund I, LP?
Firsthand Ventures Fund I, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Firsthand Ventures Fund I, LP raised?
Firsthand Ventures Fund I, LP reports $7,695,495 sold from 79 investors on its Form D filed Oct 7, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Firsthand Ventures Fund I, LP based?
Firsthand Ventures Fund I, LP is based in New York, New York.
When did Firsthand Ventures Fund I, LP launch?
Firsthand Ventures Fund I, LP reports its first sale in Oct 2021.
Size compared with every venture capital fund
Raised more than 74% of the 1,235 venture capital funds based in New York, and more than 86% of all 14,829 that report sales.