Founders Circle Capital, LLC

Founders Circle Capital, LLC is a private investment management firm established in April 2012 by Michael Jung and Kenneth Loveless. The firm specializes in providing investment advice to private funds, catering to high net worth individuals and institutions. Clients typically invest in private technology companies by acquiring shares from selling shareholders or making direct investments. The firm tailors its services to individual client needs as per governing documents, allowing for negotiated investment restrictions. Founders Circle Capital manages regulatory assets totaling $1,121,203,460 on a discretionary basis as of December 31, 2022. Management fees range from 1.0% to 2.5% per year, with incentive fees of 10% to 20% of net profits, negotiable based on governing documents. The firm deducts fees quarterly in advance from client assets. Clients must meet a minimum investment requirement of $2 million for corporate/institutional investors and $500,000 for individuals, which may be waived at the discretion of the general partner. The firm invests in growth-stage technology companies, emphasizing market leadership, capital-efficient growth, and revenue growth, with a focus on risk management due to the illiquid nature of investments. Clients receive quarterly written reports on their investments.