Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Openai Startup Fund Management, LLC

Openai Startup Fund Management, LLC

MatureClosed to new capitalFundunknownADV: Venture Capital FundOpenai Startup Fund Management, LLCDE
Amounts, each with its basis
Vintage
2021basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$175Mwhat may be sold, not what was raised; file 802-123080, 021-419097, sworn by the adviser or filed under this vehicle
Form D sold
$175Mas of the filing of May 24, 2023, 14 investors
First sale
Oct 29, 2021
Reported GAV
unknown
Owners (ADV)
unknown
Reported on ADV
unknown
Fundraising evidence
Closed to new capital
Form D filed or amended 2023-05-24: the stated $175.2M offering reported fully sold (fr-1)
evidence dated May 24, 2023. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-10-29vintage year: $2,021adv gav as of: n/avintage basis: form_d_first_saleform d sold usd: $175Mform d offering usd: $175Mform d latest filed at: 2023-05-24
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
1 principals on Form D, 0 placement agents
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
8 events
  1. Mar 29, 2024
    Bradford Colton Lightcap (Member & Cfo) no longer on Schedule A of Openai Startup Fund Management, LLC
    Person left Inference SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 29, 2024
    Openai Startup Fund Spv I, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $10,000,000
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 29, 2024
    Jason Hyuk-Joong Kwon (Member & General Counsel) no longer on Schedule A of Openai Startup Fund Management, LLC
    Person left Inference SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 29, 2024
    SAM Altman (Member & Manager) no longer on Schedule A of Openai Startup Fund Management, LLC
    Person left Inference SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 1, 2024
    IAN Clay Reid Hathaway joined Schedule A of Openai Startup Fund Management, LLC as Member And Manager
    Person joined Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. May 24, 2023
    OpenAI Startup Fund I, L.P. filed Form D/A: $175,250,000 sold of $175,250,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  7. Dec 20, 2021
    Openai Startup Fund I, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund)
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Dec 20, 2021
    Openai Startup Fund Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filing Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Evidence
54 observations
Every observation on this vehicle