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Firms / B••• C••• M••••••••• L••

B••• C••• M••••••••• L••

Seed fund managerSan Francisco, CAb•••••••.vcSEC venture capital fund adviserfundraising evidence

first check to future founders

name or self-description says seed

Importance
20
moderate
Active deployment
35
elevated
Emerging
0
low
Completeness
44
elevated
Freshness
98
high
Research priority
14
low
Identity and regulatory footprint
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
548 MARKET ST, PMB #26204, San Francisco, CA, 94104adviserinfo.sec.gov
Business phone
2062006858adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$180Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
2062006858adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
B••• C••• C•••••• V•••••• F••• I• L•Fund2022 form d first saleActive deployment$54.6M
Sep 12, 2026
48$21.2M
of $22.0M
Jul 27, 2022
B••• C••• C•••••• I• L•Fund2021 form d first saleMature$74.2M
Sep 12, 2026
93$17.8M
of $20.0M
Oct 21, 2021
B••• C••• C•••••• I•• L•FundunknownUnknown$50.3M
Sep 12, 2026
46$0
of $50.0M
Oct 20, 2023
B••• C••• C••••••• L••FundunknownUnknown$1.2M
Sep 12, 2026
2unknownunknown
B••• C••• C•••••• I•• L•••FundunknownFundraising$0
Sep 12, 2026
31$0
of $100M
Aug 14, 2025
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
0 current, 0 departed
No named professional yet. People arrive from Form ADV Schedule A (owners, officers, control persons) and the team page.
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
6 dated events
  1. Sep 14, 2026
    B••• C••• M••••••••• L••: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInferenceno URL
  2. Sep 12, 2026
    B••• C••• C••••••• L•• first reported on Form ADV by B••• C••• M••••••••• L••, GAV $1,190,090
  3. Sep 12, 2026
    B••• C••• C•••••• V•••••• F••• I• L• first reported on Form ADV by B••• C••• M••••••••• L••, GAV $54,579,981
  4. Sep 12, 2026
    B••• C••• C•••••• I•• L• first reported on Form ADV by B••• C••• M••••••••• L••, GAV $50,277,775
  5. Sep 12, 2026
    B••• C••• C•••••• I• L• first reported on Form ADV by B••• C••• M••••••••• L••, GAV $74,154,161
  6. Mar 24, 2025
    B••• C••• M••••••••• L•• appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)
Classification history
  1. Sep 14, 2026
    Seed fund manager (confirmed, 95%, cls-1)
    name or self-description says seed
  2. Sep 13, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $180M across 5 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 70%, cls-1)
    venture manager with no reported fund assets yet (scale unknown)
Evidence
21 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2026-03-31Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Adv pdf loadedadv-pdf-1Sep 12, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
SEC statusERA - ActiveMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2025-03-24Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone2062006858Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Descriptionfirst check to future founders
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Descriptionfirst check to future founders
meta description
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersSan Francisco, CAMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address548 MARKET ST, PMB #26204, San Francisco, CA, 94104Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Self-described typeseed
basecase writes the first check to builders who are still dreaming, tinkering, and exploring what they want to create.
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeseed
basecase writes the first check to builders who are still dreaming, tinkering, and exploring what they want to create.
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported5Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$180MMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported5Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
WebsiteHTTPS://b•••••••.vc/Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Site titlebasecase
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titlebasecase
title tag
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)