<aside> 🚀 Hi there! Welcome to our FAQ. You can see a more comprehensive overview of Possibilian and how we work at Possibilian Ventures. If there are unanswered questions from reading that, please comment above or email us at [email protected].
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The Possibilian Catalyst Fund is designed as what would conventionally be a $25mm, four-year fund. For an LP, the mechanics around commitments and called capital are very similar, except that you have the option to structure flexible commitments.
For Possibilian, we decided to use a rolling fund structure because it allows us to grow and scale up our operations and deal flow, and to start investing, more quickly and efficiently than a traditional fund would allow. For specifics on management fees, follow-on expectations, and more, see the details on AngelList.
We are an emerging manager. This is the first time we will be investing as a team and the first time this thesis will be put to work. The nature of this fund is that for any investment we make, we are looking for transformative outcomes, including the potential for 100x returns.
While we are already seeing that 2021 is a turning point for these kinds of opportunities we won't be able to prove their outcomes for 7-10 years or more. The Rolling Fund structure provides flexibility to allow LPs to learn alongside us, beginning with smaller commitments, and increasing their commitment over time. It is important to note however, that LPs do not gain any exposure to any fund investments made prior to their first commitment.
Our primary responsibility is to find, fund, and then support ventures that have the potential for outsized returns from creating systems-level changes that lead to better futures.
In addition, as a firm, we also believe that we have a responsibility and opportunity to be intentional about the broader contributions we can make. For us, that is about building capacity and alignment in the venture ecosystem around improving social and environmental outcomes, and accelerating societal transition toward a better future.
We are beginning to act on that through our Venture Better initiative which includes the Mission OS that is available to ventures across the ecosystem. Through Venture Better we are removing the barriers to better outcomes across venture.
Over the first year, we expect to invest in 12-24 ventures. You can see the current portfolio as we are able to announce investments here:
From a more conventional categorization, we could see companies that are changing the systems of healthcare, education, energy, food, employment, transportation, culture, governance and more. What they will all have in common however is their potential for systems-level transformation.
We take a global view and have already looked at companies from 4 continents, and made investments in companies headquartered in 3 different countries. As long as we can legally, safely, and ethically invest, we will consider it.
For the Possibilian Catalyst Fund, beginning with $25k investments, we aim to invest in 12-24 ventures per year until capital committed allows us to invest $100k (pre-seed) or $250k (seed) per venture. From that point the fund will maintain cheque sizes but increase pacing commensurate with the quarterly investment capital available and our ability to provide consistent support to our portfolio.