Apply to
Primordial Fund
Apply To Subscribe
Subscription Amount
$5,000+ Quarterly
Subscription Period
4 Quarters
Management Fee
0% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Joe Colopy and Jennifer Summe
Hello!
We run Primordial. Primordial invests in early-stage technology startups based near the Triangle (Raleigh-Durham-Chapel Hill) area of North Carolina.
Typically, we invest at the “friends and family” or pre-seed stage, where a little bit of capital and a lot of mentorship and connections can be most helpful. We invest in 3-5 new companies per quarter, and offer a program to guide and connect the founders with the local startup and investor community.
You’ll find that investing in Primordial is a great way to:
- Support the local Triangle startup community.
- Source potential follow-on and sidecar investment opportunities.
- Network with like-minded angel investors and compelling startup founders.
- Generate potential return by long-term investing in early-stage venture capital.
See primordial.io/invest for more information, or click the Apply button to get started. We look forward to investing with you.
Onward!
Joe Colopy and Jennifer Summe
Investment Details
Subscription Start Date
October 1, 2024
Minimum Quarterly Subscription
$5,000
Minimum Subscription Period
4 Quarters
Management Fee
0%
Carry
Twenty percent (20%)
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 $155k in capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Joe Colopy and Jennifer Summe's personal subscription per quarter will be at least 2% of each quarterly fund's total committed capital in total.
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 Primordial 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
$5,000+ Quarterly
Subscription Period
4 Quarters
Management Fee
0% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account