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.

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Funds / P•••••••• F•••••••• F•••• L••

P•••••••• F•••••••• F•••• L••

MatureClosed to new capitalFundADV: Venture Capital FundP•••••••• V•••••• M••••••••• L••Delaware
Amounts, each with its basis
Vintage
2019basis: 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
$3.6Mwhat may be sold, not what was raised; file 021-341948, sworn by the adviser or filed under this vehicle
Form D sold
$3.6Mas of the filing of Nov 14, 2019, 249 investors
First sale
May 30, 2019
Reported GAV
$4.1Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
249
Reported on ADV
Oct 20, 2021 to Mar 29, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-11-14: the stated $3.6M offering reported fully sold (fr-1)
evidence dated Nov 14, 2019. 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: 7first sale: 2019-05-30vintage year: $2,019adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $3.6Mform d offering usd: $3.6Mform d latest filed at: 2019-11-14
The fund's own reporting through time
4 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Oct 20, 2021Venture Capital Fund$3.6M
249$10,0000%no
Mar 31, 2022Venture Capital Fund$3.8M
249$10,0000%no
Mar 30, 2023Venture Capital Fund$4.1M
249$10,0000%no
Mar 29, 2024Venture Capital Fund$4.1M
249$10,0000%no
Principals and agents
2 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. Oct 20, 2021
    P•••••••• F•••••••• F•••• L•• first reported on Form ADV by P•••••••• V•••••• M••••••••• L•• (Venture Capital Fund), GAV $3,642,500
    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. Nov 14, 2019
    P•••••••• FirstStep Fund LLC filed Form D/A: $3,632,500 sold of $3,632,500, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Jul 15, 2019
    P•••••••• FirstStep Fund LLC filed Form D/A: $1,365,000 sold of $5,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Jun 14, 2019
    P•••••••• FirstStep Fund LLC filed Form D: $1,365,000 sold of $5,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
69 observations
Every observation on this vehicle