Calm Ventures Rolling Fund
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Calm Ventures Rolling Fund

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Subscription Amount
$10,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
15%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Message Fund Leads
View Closing Documents
FAQ

Note from Zachary Ginsburg

Hi - I’m Zachary Ginsburg, Founder/General Partner at Calm Ventures, a venture capital firm focused on investing in breakout technology companies. Since starting Calm Ventures in 2020, Calm has grown to over $140,000,000 in AUM across 250+ companies and 6,000+ LPs.

Calm is focused on investing in the best founders and businesses at the earliest stages. Part of Calm’s strategy is to maximize financial returns by investing in companies led by top quartile Venture Capital firms (prioritize investments from pre-Seed to Series B, though we will invest up to pre-IPO in select cases) or before they are on VC radars. Historically, we’ve received strong access by being great partners and helpful to all stakeholders. While we tend to syndicate opportunities from top tier VC firms, we are fundamentally looking for sound businesses with strong business models, economics and competitive moats led by management teams with a track record of success. While we are industry agnostic, our focus industries are B2B SaaS, AI, Biotech and Frontier. 

Calm Ventures has syndicated opportunities in companies invested in by the top tier VCs in the industry including:
And many others, including Sequoia Capital, Bain Capital, TCG, Coatue, Peter Thiel, Naval Ravikant, Softbank, Slow Ventures, Spark Capital, Sam Altman, Animoca Brands, Paradigm, BoxGroup, Battery Ventures, Uncork Capital, 776 Ventures, Polychain Capital and Kleiner Perkins.

Why are we creating a Rolling Fund?
  • LPs want exposure to every company we back. This rolling fund will serve as a partial index of every deal we syndicate with some weighting towards what we consider to be the best investment opportunities. 
  • Unfortunately, many of the best opportunities we come across we pass on due to the speed of the round or due to the founder’s skepticism around syndicates, among other factors. We’re deploying this fund to also invest in these companies.
There are several benefits for fund LPs:
  • Reduced carry on our SPVs
  • Access to our best deals that we aren’t syndicating
  • Access to all of our syndicated deals – most of our deals only go to select LPs due to confidentiality. Investing in the rolling fund will give you access to every company we syndicate
  • First priority on scale backs on syndicated deals
  • Distributions are paid out when realized and carried interest is calculated based on your subscription period. In other words, you must get paid back your entire subscription value before paying any carried interest.
Team
Zachary Ginsburg: Founder & General Partner, Calm Ventures

 *Zachary Ginsburg is the Fund Lead. As such, he will make all formal investment decisions for the fund.
Zach
 




DISCLOSURE: Investors should beware that Calm will not offer every on-thesis opportunity to the Rolling Fund, and that Calm will have complete discretion whether to allocate an investment opportunity (including the size of the opportunity) to the Rolling Fund, or choose to syndicate such deal to third parties and/or invest personally. It's possible that deals syndicated outside of the Rolling Fund will generate greater returns, and, by potentially not participating in them, the Rolling Fund's portfolio may become more risky or offer lower returns.

 
Zachary Ginsburg

Investment Details

Subscription Start Date
October 1, 2024
Minimum Quarterly Subscription
$10,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% per year for the first 10 years. Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first four years of the fund's life.
Carry
Fifteen percent (15%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. Last quarter, this fund closed $157.5k in capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Zachary Ginsburg's personal subscription per quarter will be at least 0.1% of each quarterly fund's total committed capital with a quarterly cap of $1,500,000.
Special Disclosure
Calm will have complete discretion whether to offer an on-thesis opportunity to the Rolling Fund or syndicate the opportunity to third parties.

Investor FAQ

How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Calm Ventures Rolling Fund's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.

Apply To Subscribe

Subscription Amount
$10,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
15%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Message Fund Leads
View Closing Documents
FAQ