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 / DON Quixote

DON Quixote

HarvestClosed to new capitalFundADV: Venture Capital FundFounders Fund LLCDelaware
Amounts, each with its basis
Vintage
2011basis: 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
$500Mwhat may be sold, not what was raised; file 021-169483, sworn by the adviser or filed under this vehicle
Form D sold
$500Mas of the filing of Dec 1, 2011, 58 investors
First sale
Nov 17, 2011
Reported GAV
$3.9Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
63
Reported on ADV
Mar 29, 2012 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2011-12-01: the stated $500.0M offering reported fully sold (fr-1)
evidence dated Dec 1, 2011. 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
Harvest
vintage over 7 years, still reported
age years: 15first sale: 2011-11-17vintage year: $2,011adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $500Mform d offering usd: $500Mform d latest filed at: 2011-12-01
The fund's own reporting through time
18 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2012Venture Capital Fund$9.8M
58$2.0M9%yes
Oct 25, 2012Venture Capital Fund$9.8M
58$2.0M9%yes
Mar 26, 2013Venture Capital Fund$255M
58$2.0M9%yes
Mar 27, 2014Venture Capital Fund$523M
58$2.0M9%yes
Jul 22, 2014Venture Capital Fund$523M
58$2.0M9%yes
Mar 30, 2015Venture Capital Fund$1.2B
59$100,0009%yes
Mar 30, 2016Venture Capital Fund$2.0B
59$100,0009%yes
Mar 28, 2017Venture Capital Fund$1.9B
59$100,0009%yes
Sep 28, 2017Venture Capital Fund$1.9B
59$100,0009%yes
Mar 26, 2018Venture Capital Fund$2.0B
59$100,0009%yes
Mar 28, 2019Venture Capital Fund$2.3B
62$100,0009%yes
Dec 20, 2019Venture Capital Fund$2.3B
62$100,0009%yes
Mar 30, 2020Venture Capital Fund$2.5B
62$100,0009%yes
Mar 31, 2021Venture Capital Fund$4.8B
64$100,0009%yes
Mar 29, 2022Venture Capital Fund$3.6B
64$100,0009%yes
Mar 30, 2023Venture Capital Fund$2.4B
64$100,0009%yes
Mar 29, 2024Venture Capital Fund$2.8B
64$100,0009%yes
Sep 14, 2026$3.9B
63$100,0009%
Principals and agents
7 principals on Form D, 1 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
2 events
  1. Mar 29, 2012
    DON Quixote first reported on Form ADV by Founders Fund LLC (Venture Capital Fund), GAV $9,776,886
  2. Dec 1, 2011
    Founders Fund IV, LP filed Form D: $500,000,000 sold of $500,000,000, Venture Capital Fund
Evidence
17 observations
Every observation on this vehicle