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Founding funds · 12 places

We have no case studies.
Here is why.

This page would normally hold three logos and a quote about efficiency gains. We are prelaunch, so we would have to invent them, and a fund that catches you inventing a customer will correctly assume you would invent a number too. Instead: twelve places, real terms, and what we want from you in exchange.

Apply for a placeRead the terms
Charter · founding fundsTwelve places.
Real terms.
  1. 01Signed
  2. 02Signed
  3. 03Signed
  4. 04Signed
  5. 05Open
  6. 06Open
  7. 07Open
  8. 08Open
  9. 09Open
  10. 10Open
  11. 11Open
  12. 12Open
50% · 3 YEARS · LEAVE ANY MONTH4 / 12
The places

Twelve, and no thirteenth.

Each tile is one fund. Four are signed; eight are open, on the same terms as the first.

  1. Place01Taken
  2. Place02Taken
  3. Place03Taken
  4. Place04Taken
  5. Place05Open
  6. Place06Open
  7. Place07Open
  8. Place08Open
  9. Place09Open
  10. Place10Open
  11. Place11Open
  12. Place12Open
4 of 12 places takenEight open
The terms

Four lines, no small print.

Founding-fund termsSame for every place
Price
50% for three years
Locked from signature, through every band change. A founding fund that grows into the $150M band still pays half of it in year three.
Migration
Done by us, at no cost
Including the two weeks of capital-account reconciliation that normally needs your controller in the room.
Roadmap
Two builds a quarter
Founding funds collectively pick two things we ship each quarter. Not a suggestion box — a vote with a shipped result.
Exit
Leave any month
No term, no notice period, full export. If it does not work, the useful thing is that you tell us why on the way out.

Half of whichever band you are in, for three years from signature — through every band change. Year four is the standard band price.

What we want back

It is not free money.

Half price is what we are paying for access to how a fund actually works. Here is the bill.

BILL · TO EACH FOUNDING FUNDPAYABLE IN TIME AND HONESTY
  1. 01

    An hour a month, with the person who does the work

    Not the GP who signed. The analyst who lives in the pipeline and the controller who closes the books. The people whose objections are specific.

  2. 02

    Your real data, not a sanitised copy

    Under NDA, in your own workspace. Products get designed around clean fixtures and then meet a cap table with four SAFEs, a side letter and a company that changed its name twice.

  3. 03

    A reference call, once it is true

    After six months, and only if you would actually recommend it. If you would not, we would rather have the reason than the call.

  4. 04

    Tell us when it is bad

    Immediately, in plain terms, to a person. The failure mode for a design-partner programme is a fund that quietly stops logging in and says everything is fine on the monthly.

In exchange: half price for three yearssee the terms above
Before you apply

Who this is wrong for.

Wrong for you if

  • You need a 409A signed, an audited statutory register, or a Schedule K-1 issued. We do not do those and being a founding fund will not change that this year.
  • Your fund is over $400M. The product is not shaped for you yet and you would be paying half price for a poor fit.
  • You need a system that works on day one with no input from you. Take a mature product — being early is the whole trade here, and the discount is compensation for the roughness, not an apology for it.

Not a disqualifier

  • Not being a traditional fund. A workspace can be set up as a fund, an angel network or a corporate venture arm.
  • Running a syndicate. Angel syndicates get DSignal Angel — shared deals, reviews, referrals and portfolio visibility — rather than a seat in a product built for someone else.

Places are open to syndicate leads on the same terms.

Eight places left.

A call, not a form response. If it is not a fit we will say that on the call rather than after it.

Apply for a placeSee standard pricing