Unbounded Capital Fund Offerings
These investment vehicles are only available to accredited investors. For full legal disclaimers scroll to the bottom of the page.
Unbounded Capital Fund III
Fund III Thesis: Startups leveraging micropayments, powered by scalable blockchains, will deliver outsized returns.
A traditional ten year closed-end venture capital fund structure
Target Investments: 12 - 20 Companies.
Target First Check Size: $500k-$1.5M
Target Valuation: $5-15M
Primarily leading and writing first checks at the Seed Stage, with a few high conviction investments at the Series A and small checks ($50-100k, max 5% of total fund size) at the Pre-Seed Stage
Target Close: $50M
First Close: Q2 2024
No capital reserved for follow ons. Intention to preemptively offer capital 3-12 months after initial investment for the fastest growing companies.
3 year investment period, GP discretion for one year extension
GP Commit: 2% target, minimum 1%,
2% management fee (3% first three years, 2% middle four, 1% last three)
0-1x return: no carry
1-3x return: 20% carry with a soft hurdle rate of 7% so we don’t make carry until delivering a 2x net return
3-10x return: 30% carry (just on above 3x, everything below is at 20% carry)
Supercharged European Waterfall - Unbounded takes $0 in carry until investors have doubled their invested capital
Unbounded Capital Fund II
The main change we made in our Fund II approach compared to our Fund I was further weighting the quality of the founders we invested in
The other material change we made was to invest in more companies that aren’t currently leveraging micropayments or a scalable blockchain at the time of investment, but that we feel are overwhelmingly likely to in the coming 2-4 years - both of these changes are applicable to our Fund III. As of today, we now weight the quality of our founders even higher and expect to make many more investments in companies not leveraging blockchain at the time of investment for the remaining capital in our Fund II and for the entirety of our Fund III.
We have invested in 7 companies, primarily at the Seed Stage, with one Pre-Seed investment. We intend to invest in 9-11 companies by the time the capital is fully deployed in Q2.
Click here to learn more about some of the portfolio companies
Click here to see a breakdown of individual company performance
Opportunity Fund (Fund I)
*Note: This fund is now closed to new investors
Since focusing on the scalable blockchain ecosystem, our Fund I has returned 1,856.89%* for a 180.62% IRR
We invested in 10 companies, primarily at the Pre-Seed Stage, with four Seed investments.
Click here to learn more about some of the portfolio companies
Top 2 Performing Crypto Fund in Q2 2020, Q2 2021, and Q3 2021 according to Crypto Fund Research
Since our focus on scalable blockchains, the Opportunity Fund’s performance net of fees has been 1,856.89%* starting in April 2019* ending on 10/1/23.
*Returns generated by fund administrators; audited by Richey May in 2018. The Opportunity Fund was initially launched on 8/1/18 and until 4/1/19 was managed in a strategy that broadly invested in blockchain. In April 2019, the fund's investment strategy shifted significantly to focus solely on companies operating within the Bitcoin SV ecosystem, with long BSV exposure. Because of the dramatic change in the fund's investment strategy, the performance above is shown for the period beginning 5/1/19 ending on 10/1/23. The General Partner does not believe the fund's performance prior to April 1, 2019 is relevant in light of the material differences in the strategy used. Since the fund’s first external investor subscription to the fund on October 1st, 2018, that investor’s performance net of fees is 380.58%. Past performance is not indicative of future results.
Legal Disclaimers
General:
By accessing the Unbounded Capital, LLC (“UC”) website (the “Site”), you expressly acknowledge and agree to the following disclaimer and disclosures. The materials on the Site have been prepared for informational purposes only and do not constitute financial, legal, tax or any other advice. All information contained herein is provided “as is” and UC expressly disclaims any express or implied warranties with respect to such the information, including any warranty of merchantability or fitness for any purpose. Prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal and tax advisor and consider the risks associated with investing. In no event shall UC, or any its affiliates, partners or employees be responsible or liable for the completeness or accuracy of any information on the Site or for any damage or lost opportunities resulting from use of information on the Site.
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Securities of the Funds are not registered with any regulatory authority, are offered pursuant to exemptions from such registration, and are subject to significant restrictions.
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Investment Risk:
An investment in any strategy, including the strategies described herein, involves a high degree of risk. There is no guarantee that any investment objective will be achieved. Past performance of any investment strategy is not necessarily indicative of future results. There is the possibility of loss and all investment involves risk including the loss of principal. The approach and the targeted characteristics of the strategies and investments herein are based on current expectations and should not be considered definitive or a guarantee that the approaches, strategies, and investment portfolio will, in fact, possess these characteristics.