Tech Brew Ride Home - Ride Home Early Stage Fund (And How To Maybe Invest In It)

Episode Date: September 5, 2021

If you're interested in investing in a Ride Home early stage investment fund, listen to this quick message, and then visit RideHomeFund.com to express your interest. Learn more about your ad choices. Visit megaphone.fm/adchoices

On April 4th, 2023, around 2 in the morning, a man was found stabbed multiple times on a sidewalk in downtown San Francisco. Hey, who did this to you? What happened next turned the story into a political firestorm. Reports have identified the victim as Bob Lee, the founder of Cash App. From Bloomberg Podcasts, this is Foundering, the Killing of Bob Lee, beginning April 16. everybody, Brian here. So this is the short announcement episode that I mentioned on Friday that I might do today. As I've also mentioned in passing in the past, I got way back into Angel investing in a big way this year, almost a dozen investments in companies of all sorts. And 100% of those investment opportunities came because of

doing this podcast. So I've been in discussion with AngelList and my friends in venture capital about starting a sort of ride home fund to do more targeted investments at scale and the opportunities hosting this podcast provides. And I want you to join me. The idea is simple. Tens of thousands of people listen to this show every day. How many of them work in startups at their early stages? How many of them are startup founders themselves? We have access to dozens, if not hundreds of companies at the Angel through series A and B stages who might like to have the mutant podcast Army on their cap table. My guiding light for doing this is Pachy McCormick, who has leveraged his newsletter, which has about the exact same size audience as we do, into a successful early stage

investment fund. So like him, I think we can help companies we invest in tell their story through the podcast, find resources and solutions through all of you, the audience. And like Pachie, I intend to share Kerry with anyone who leaves. leads us to an investment, gets us an allocation in a good deal. You don't even have to invest to share Kerry. Just give us a good lead, get us a good deal, and I'll share some of the proceeds with you. Now, number one, this is not something that's going to replace the podcast or take over the podcast. This is a side hustle for me. The podcast is still number one because the podcast makes everything possible. But since I'm going to be doing this investing anyway, why not have some of you along with me for the ride?

Get it, ride home fund. And number two, normally when funds like this are raised, the GP, which is me, goes and raises from some big-pocketed LPs first and then tries to reserve some seats at the table for the audience or the community at the end of the process. I actually want to reverse that. So I'm giving you all a heads-up first. If you are interested at all in investing along with me, I threw up a quick Squarespace website to help me collect interest and commitments.

You can find out more by going to ridehomefund.com. There's a Google forum on there that will allow me to collect soft commitments from interested parties. This is, I'll say it one more time, a soft commitment at this point. Once I collect your interest, I will come back with firm legal documents at a later date, but go to ridehomefund.com right now and raise your hand to be counted if you're interested. The fund will be a rolling fund so you can invest for a period of time and either continue as the fund rolls over or stop after a period of time. That way you won't have to have huge capital calls right up front. The minimum commitment to the fund will be for four quarters,

and the minimum investment per quarter will be $5,000 a quarter. All of this info is on that website. And also on the website, you can see a list of the companies that I have invested in this year to get an idea of what sorts of companies we're looking at, mostly seed and series A companies with a few series B's thrown in there. I will write a formal fund memo at a later date with a full-on investment thesis and everything, but for now, expect that the companies we will be looking at will look like the companies on that list. One more caveat. The law requires that only accredited investors can participate in a fund like this. Believe me, I wish I could throw it open to everyone, but the law is the law. If you don't know if you're an accredited investor or not,

Google that term, accredited investor, and you'll find out. We will be running the fund on the Angel List platform, so when the time comes, it will be as simple as having an account in good standing on Angel List. I want to stress that this is a limited time, limited access opportunity. The minimum, again, is $5,000 a quarter for four quarters, only accredited investors. But since the number of LPs is also limited by law, I will give priority to those who make the largest commitments. So go to writehomefund.com to register your interest using the Google form and wait for me to get back to you in coming weeks with more info. Thanks for your time and interest. Let's all invest in some exciting companies. And everybody, whether you participate in this fund or not, let's get back

to the news on Monday.