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 / Sancho Panza

Sancho Panza

HarvestClosed to new capitalFundADV: Venture Capital FundFounders Fund LLCDelaware
Amounts, each with its basis
Vintage
2010basis: 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
$188Mwhat may be sold, not what was raised; file 021-141575, sworn by the adviser or filed under this vehicle
Form D sold
$188Mas of the filing of Jul 20, 2010, 37 investors
First sale
Feb 19, 2010
Reported GAV
$1.4Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
42
Reported on ADV
Mar 29, 2012 to Sep 14, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2010-07-20: the stated $188.2M offering reported fully sold (fr-1)
evidence dated Jul 20, 2010. 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: 16first sale: 2010-02-19vintage year: $2,010adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $188Mform d offering usd: $188Mform d latest filed at: 2010-07-20
The fund's own reporting through time
18 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2012Venture Capital Fund$241M
37$1.0M8%yes
Oct 25, 2012Venture Capital Fund$241M
37$1.0M8%yes
Mar 26, 2013Venture Capital Fund$324M
37$1.0M8%yes
Mar 27, 2014Venture Capital Fund$493M
37$1.0M8%yes
Jul 22, 2014Venture Capital Fund$493M
37$1.0M8%yes
Mar 30, 2015Venture Capital Fund$649M
38$200,0001%yes
Mar 30, 2016Venture Capital Fund$782M
38$200,0001%yes
Mar 28, 2017Venture Capital Fund$739M
38$200,0001%yes
Sep 28, 2017Venture Capital Fund$739M
38$200,0001%yes
Mar 26, 2018Venture Capital Fund$747M
40$200,0001%yes
Mar 28, 2019Venture Capital Fund$815M
43$200,0001%yes
Dec 20, 2019Venture Capital Fund$815M
43$200,0001%yes
Mar 30, 2020Venture Capital Fund$877M
43$200,0001%yes
Mar 31, 2021Venture Capital Fund$1.9B
43$200,0001%yes
Mar 29, 2022Venture Capital Fund$1.2B
43$200,0001%yes
Mar 30, 2023Venture Capital Fund$824M
43$200,0001%yes
Mar 29, 2024Venture Capital Fund$992M
43$200,0001%yes
Sep 14, 2026$1.4B
42$200,0001%
Principals and agents
6 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
4 events
  1. Mar 29, 2012
    Sancho Panza first reported on Form ADV by Founders Fund LLC (Venture Capital Fund), GAV $241,391,195
    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)
  2. Jul 20, 2010
    Founders Fund III LP filed Form D/A: $188,160,296 sold of $188,160,296, Other Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. May 5, 2010
    Founders Fund III LP filed Form D/A: $161,897,671 sold of $161,897,671, Other Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. May 5, 2010
    Founders Fund III LP filed Form D: $107,272,727 sold of $107,272,727, Other Investment Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
34 observations
Every observation on this vehicle