First-time manager
No prior fund track record. Attribution for any past investing is personal and should be diligenced as such.
Disclosures
Status, risks and the legal position.
Everything on this site describes a firm being built. This page states plainly what exists today and what does not.
Status
What is real today.
| Item | Status |
|---|---|
| The firm | In formation |
| Fund I | Proposed — not closed |
| Capital committed | None represented |
| Investments made | None represented |
| Cheque sizes and ownership targets | Targets, not commitments |
| Partner and adviser bench | Being built |
| Regulatory registration | Under review |
Risk register
Risks a limited partner should weigh.
These are the risks we would raise ourselves in a first meeting.
Emerging market
Currency depreciation, capital controls and repatriation friction can each affect returns independently of company performance.
Illiquidity
Venture positions here are long-dated with a thin secondary market. Ten years is a realistic horizon, not a conservative one.
Follow-on dependency
Returns depend partly on international investors funding later rounds. That behaviour is outside our control.
Concentration
A small portfolio means a small number of outcomes determine the result. Loss of capital is a realistic outcome for most positions.
Political and operational
Policy change, connectivity disruption and security conditions are live operating risks for companies based here.
Legal notice
The formal position.
This website is published by 10xC for general information only. Nothing on it is an offer to sell, or a solicitation of an offer to buy, any security or interest in any fund. Any such offer would be made only through formal offering documents to eligible investors in permitted jurisdictions, and those documents would supersede everything stated here.
Nothing on this site is investment, legal, tax or accounting advice, and it should not be relied on in making any investment decision. Statements about fund size, cheque size, ownership, portfolio construction, programmes, partners and market conditions are targets, intentions or estimates as at the date of publication. They are forward-looking, they rest on assumptions that may prove incorrect, and they may change without notice.
Past performance, where referenced, is personal and does not predict future results. Venture investing involves substantial risk, including the total loss of invested capital.
Questions about anything on this page can be sent to hello@10xc.pk.