Select Venture Fund I, LLC
Select Venture Fund I, LLC is a venture capital fund based in Fredericksburg, Virginia. According to its most recent Form D, filed Aug 11, 2014, it has sold $800,000 of interests to 4 investors since its first sale in Jul 2014. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Sameer Shalaby; Michael Pratt; Solomon Zlotchenko.
- Total raised
- $800,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jul 28, 2014
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sameer Shalaby; Michael Pratt; Solomon Zlotchenko
- Latest Form D
- Aug 11, 2014
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 Select Venture Fund I, LLC
What is the minimum investment for Select Venture Fund I, LLC?
According to its latest Form D, filed Aug 11, 2014, the minimum investment Select Venture Fund I, LLC accepts from an outside investor is $50,000.
Who can invest in Select Venture Fund I, LLC?
Select Venture Fund I, LLC 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(b), which does not allow general advertising.
How much has Select Venture Fund I, LLC raised?
Select Venture Fund I, LLC reports $800,000 sold from 4 investors on its Form D filed Aug 11, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Select Venture Fund I, LLC based?
Select Venture Fund I, LLC is based in Fredericksburg, Virginia.
When did Select Venture Fund I, LLC launch?
Select Venture Fund I, LLC reports its first sale in Jul 2014.
Size compared with every venture capital fund
Raised more than 44% of the 140 venture capital funds based in Virginia, and more than 57% of all 14,865 that report sales.