As an LP, you invest capital in the fund and receive returns based on its performance. You fund your commitment in response to “capital calls” (see below), meaning the amount of money you commit is not all due upfront.

The fund is structured as a Limited Partnership, with General Partners managing the fund and making investment decisions.

Your invested capital is pooled with other LP investments and deployed by the fund to make investments according to the fund's strategy. It’s important to note that no mechanism exists to withdraw funds once invested.

We aim to make Fictive Fund I highly accessible to angel investors and have a target $10K minimum commitment. The General Partner may selectively waive this minimum if we maintain a higher-than-expected average committment.

LPs commit a certain amount of capital to the fund upfront but do not transfer the full amount. Instead, the fund manager (General Partner) draws down the committed capital over time, either periodically or as needed, to make investments and cover fund expenses.

Capital will be called 33% upon an LP signing and in 33% increments at 8 month intervals after the initial commitment. The target minimum for capital calls is $5K.

Startup investments are inherently high-risk, including potential loss of invested capital, illiquidity of investments, and dependence on fund manager performance

Fund performance is not guaranteed, and most venture funds do not return capital. Top decile performing funds can return 3x or more to their limited partners. Fund life is 10 years, but the structure of our financial instrument is designed to provide cash returns in 4-8 years.

SEC defines accredited investors as:

• • Have a net worth over $1M, excluding primary residence (individually or with spouse or partner) or

  • Have an income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expect the same for the current year.

  • Fictive Ventures is raising capital under section 506(c), which means we can publicly discuss the fund, but each investor must provide proof of accreditation status

The fund incurs a 2% annual management fee. This fee is computed based on the total committed capital and used for operational expenses and salaries. In addition, there are direct fund expenses (legal, administrative, accounting, etc.), which typically do not exceed a total of 2.5% of committed capital.

$10,000 is the minimum commitment to invest in the fund.

No. The investment committee or GPs make all fund investment decisions. Limited partners cannot have a direct say in investment decisions without giving up limited partner status and incurring the liability of a general partner. The GPs will share consistent updates about the companies in which we are investing and their performance over time. We will welcome feedback and input from the LPs as we seek and close new deals and also as we make “follow-on” investments.

Yes, LPs can share investment opportunities with the fund, while GPs have sole authority to decide on any investment.

Our LPs can invest via Special Purpose Vehicles (SPVs) where the fund has sufficient allocation to invest in a startup. This applies to initial and follow-on investments. All Fictive LP investments in our portfolio companies will occur via a Special Purpose Vehicle (SPV) managed by Fictive Ventures. SPVs will be subject to standard passthrough administrative costs, minimal management fees, and 20% carry.

Fictive Ventures will manage an online portal where LPs can communicate with each other and the fund. There will be regular meetings, educational webinars, and social events.

Existing LPs and prospective LPs can contact us at

investors@fictiveventures.com