Fund Structure
🏛️ Proper Labs Venture Fund I
Our flagship fund focused on early-stage Web3 innovation, combining venture capital with hands-on incubation.
📊 Fund Overview
Fund Size
$50M Target
First close at $25M
Investment Period
3 Years
2025-2028 deployment
Fund Life
10 Years
With 2-year extension option
Target Returns
5x+ Net
Top quartile performance
💼 Investment Strategy
Portfolio Construction
- 30-40 Companies total portfolio
- 6-8 Companies per year via incubation
- 10-15 Seed investments annually
- Follow-on reserves for winners
Capital Allocation
40% - Incubation Program (Initial investments)
30% - Direct Seed Investments
20% - Follow-on Reserves
10% - Operating Budget
Check Size Strategy
| Stage | Typical Check | Ownership Target |
|---|---|---|
| Incubation | $100K - $500K | 7-15% |
| Seed | $500K - $2M | 5-10% |
| Series A | $1M - $3M | Maintain pro-rata |
| Growth | Case-by-case | Protect position |
📈 Economics & Terms
Management Structure
- Management Fee: 2.5% annually (years 1-3), 2% thereafter
- Carried Interest: 20% with GP commitment
- GP Commitment: 2% of fund size
- Hurdle Rate: 8% preferred return
Fee Structure
- Incubation Services: Included in management fee
- No hidden fees: Transparent expense policy
- Deal fees: 100% offset against management fee
- Token holdings: Pass-through to LPs
Governance
- LP Advisory Committee: Quarterly meetings
- Investment Committee: 3 General Partners
- Conflict Resolution: Independent board member
- Reporting: Monthly updates, quarterly reports
🎯 Target Returns
Performance Projections
| Scenario | Multiple | IRR |
|---|---|---|
| Conservative | 3x | 25% |
| Base Case | 5x | 35% |
| Optimistic | 10x+ | 50%+ |
Value Creation Strategy
- Incubation Alpha: Building from day one
- Network Effects: Portfolio synergies
- Technical Edge: Deep protocol expertise
- Market Timing: Web3 adoption inflection
- Exit Optionality: M&A, tokens, IPO
👥 Limited Partner Profile
Ideal LPs
- Family Offices: Long-term aligned capital
- Fund of Funds: Web3/crypto specialists
- Strategic Partners: Exchanges, protocols
- High Net Worth: Crypto-native individuals
- Endowments: Forward-thinking institutions
Minimum Commitment
- Institutional: $5M minimum
- Strategic Partners: $2M minimum
- Qualified Individuals: $1M minimum
- Special situations: Case-by-case
Geographic Distribution
- 40% North America
- 30% Europe
- 20% Asia
- 10% Rest of World
🏗️ Fund Operations
Team Structure
- 3 General Partners: Full-time commitment
- 2 Venture Partners: Sector specialists
- 4 Associates: Deal sourcing and support
- Operating Team: 10+ professionals
Investment Process
- Sourcing: Proprietary deal flow + network
- Diligence: 2-week rapid evaluation
- Decision: Investment committee vote
- Incubation: 12-week intensive program
- Support: Ongoing portfolio services
Risk Management
- Diversification: Stage, sector, geography
- Due Diligence: Technical and business review
- Portfolio Monitoring: Real-time dashboards
- Reserve Planning: Dynamic allocation model
- Exit Planning: Multiple liquidity paths
📊 Track Record
Historical Performance
- Coming Soon: Fund performance metrics and returns data
Notable Exits & Successes
- Portfolio company acquisitions (confidential)
- Token launches with 10x+ returns
- Strategic partnerships with major protocols
- Team exits to unicorn companies
🌐 Ecosystem Benefits
LP Value-Add
- Deal Flow Access: Co-investment opportunities
- Network Effects: Connect with founders
- Industry Insights: Exclusive research reports
- Event Access: Demo days and conferences
- Direct Engagement: Office hours with teams
Strategic Advantages
- First Look: New technologies and trends
- Partnership Opportunities: Business development
- Talent Pipeline: Access to top builders
- Market Intelligence: Real-time insights
- Brand Association: Thought leadership
📅 Fund Timeline
Fund Timeline
- Coming Soon: Detailed fund timeline and milestones
🤝 How to Participate
Due Diligence Package
Available upon request:
- Detailed fund memorandum
- Financial projections
- Team backgrounds
- Reference checks
- Legal documentation
Next Steps
- Initial Discussion: Video call with partners
- Due Diligence: Review materials and references
- Commitment: Sign subscription documents
- Onboarding: LP portal access and welcome
- Engagement: Quarterly updates and events
📞 Contact Information
For Institutional Investors
Email: institutional@properlabs.io (Coming Soon)
For Individual Investors
Email: investors@properlabs.io (Coming Soon)
For Strategic Partners
Email: partnerships@properlabs.io (Coming Soon)
Ready to Join Our Journey?
Be part of building the future of Web3
Schedule a Call →
Minimum investment: $1M for qualified investors
Disclaimer: This information is for qualified investors only. Not a solicitation or offer to sell securities. Past performance does not guarantee future results.