Monday, January 11, 2010

Pledge Update January 2010

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January 2010 pledge update below; as mentioned in previous posts we are on track for a summer 2010 launch.  .

Another record month with just under $1.2 million of pledges; this takes the total amount to 95% of the initial goal of $7M.   The total number of investors is now about 190.  I will continue with a more conservative projection of a $300-350K monthly run rate of pledges go forward for the next 5-6 months, which will take us to our goal for funds necessary by next summer. 

If you are a person potentially interested and new(er) to the website, here are the pertinent posts to become familiar with the specifics.


  1. The overall goal and why I'm aiming for $7 approx million [Jan 7, 2008: Reader "Pledges" Toward Mutual Fund Launch]
  2. Frequently Asked Questions [May 26, 2008: Frequently Asked Questions] Very important to read
  3. Why I need your state [May 23, 2008: Investment Pledges by State] Keep in mind a state's eligibility can be turned "on" overnight once we're up and running
  4. Most recent updates (this November)  [Nov 4, 2009: General Updates]
  5. Our story in Barron's [A New Kind of Fund Manager]

Let me copy the same caveats for pledges as always:

  1. Assume a pledge amount that is firm based on a fund opening in summer 2010.
  2. Assume at any point in 2010 the market may be down 30% from here
  3. Make your pledge based on liquid assets that are not currently in some high octane mutual fund that loses 40% when the market falls 30%, nor gains 50% when the market gains 40%. That money is not something that can be counted on in a volatile market.
  4. Please have whatever monies are pledged to the fund, in money market or equivalent by April 2010 so it is not at risk in the market.

Format for fund pledge: first name, last initial, pledged amount, and state you live in. To be clear, you are not sending me money that I'm going to hold until launch when you 'pledge' - you are simply making a verbal commitment: "when you are up and running, I have $X amount ready to invest". You can attach a comment to this post or as most people do, send me an email (my email address is found on the upper right of the blog) with the above information. I'd prefer an email if possible.


Name
Amount
State/Country



Brian
5,000
???
Heather
10,000
???
Bob B
50,000
AR
Ed S
5,000
AZ
Alan N
15,000
AZ
Armour B
50,000
AZ
Dharminder M
100,000
AZ
Pat L
10,000
AZ
Ron G
10,000
AZ
Art H
50,000
CA
Benjamin W
5,000
CA
Dave K
100,000
CA
Greg B
25,000
CA
Kurt C
10,000
CA
Ron W
10,000
CA
Tom L
25,000
CA
Ted C
5,000
CA
Brian L
50,000
CA
Rich P
30,000
CA
Shannon V
5,000
CA
Sunil K
10,000
CA
Anatoly S
10,000
CA
Wesley W
20,000
CA
Burt B
10,000
CA
John L
5,000
CA
Alven Y
5,000
CA
Piyush M
5,000
CA
Paresh P
5,000
CA
Dinesh K
5,000
CA
Naresh P
5,000
CA
Jay S*
5,000
CA
Shang C
50,000
CA
Henry C
3,000
CA
Charles Y
100,000
CA
George
5,000
CA
Ross T
5,000
CA
James H
5,000
CA
Dana K
25,000
CA
Walt C
30,000
CA
Charles L
20,000
CA
Greg W
20,000
CA
Raj
10,000
CA
Judy M
20,000
CA
Dave H
20,000
CA
Akash A
6,000
CA
Adam S
5,000
CA
F.A.
50,000
CA
Brian C
25,000
CA
Mark R
10,000
CA
Steven L
25,000
CA
Diane H
100,000
CA
Giancarlo S
2,500
CA
Scott W
50,000
CA
Henry C
8,500
CA
Adam B
50,000
CO
Alecia C
75,000
CO
Mike H
15,000
CT
Michelle T (Bob)
20,000
CT
Mark B*
25,000
D.C.
Elaine C
20,000
D.C.
Vic C
10,000
FL
Wes T
10,000
FL
Ron S*
100,000
FL (sailing)
Olivier N
10,000
FL
Bob H
3,500
FL
Chris I
20,000
FL
Dave C
25,000
FL
Kevin D
5,000
FL
Patrick L
100,000
FL
Sandy S
150,000
GA
Andrew L
5,000
GA
Mark L
2,500
IA
Jeff M
20,000
IA
Ian J
5,000
ID
Jay S
10,000
IL
Mike P
500,000
IL
Vivek G
75,000
IL
Ben
10,000
IN
Matt L
5,000
IN
Jake R
50,000
KS
Bill H
5,000
MA
Bruce W
2,500
MA
John B
20,000
MA
Don D
50,000
MA
MB
20,000
MD
Raeann
10,000
MD
Mark
60,000
MI
Ralph B
50,000
MI
May L
30,000
MI
Rich S
5,000
MI
Scott L
7,500
MN
Tom S
20,000
MN
Marshall H
5,000
MO
Wolfgang S
7,500
MO
Nathan J
10,000
MO
George L
10,000
NC
Brian C
5,000
NC
Colleen P
5,000
NC
Paul F
5,000
NC
Adam B
10,000
NJ
David B
50,000
NJ
Frank G
500,000
NJ
Henric B
25,000
NJ
Ryan T
7,500
NJ
B Shah
2,500
NJ
Rama R
4,000
NJ
Richard H
100,000
NJ
Vijay K
75,000
NJ
Howard A
5,000
NJ
Andrew
100,000
NV
Gary M
10,000
NY
Rob T
20,000
NY
Igor O*
500,000
NY
Jason N
30,000
NY
Tim C
20,000
NY
Atul R
5,000
NY
Rob #2
6,000
NY
Marc E
7,500
NY
Bob M
100,000
NY
Felipe V
5,000
NY
Lester B
100,000
NY
Matt Z
5,000
NY
Adam M
10,000
OH
Justin K
30,000
OH
Robert S
2,500
OH
Dilip K
5,000
OK
Blake V
100,000
OK
Ryan
3,000
OK
Bill G
10,000
PA
Jatinder M
10,000
PA
V.K.K.
20,000
PA
Bruce R
100,000
PA
Joe C
10,000
PA
Nathan S
3,000
PA
Robert T
75,000
RI
Heidi H
25,000
RI
Doris S*
100,000
SC
Steve
100,000
SD
Dave S
20,000
TN
Matt S
10,000
TN
Pankaj S
5,000
TN
Joe P
10,000
TX
Doug M
40,000
TX
H.S.
2,500
TX
Ian*
50,000
TX
"Phong"
10,000
TX
Jason D
5,000
TX
AZ
10,000
TX
Glenn J
5,000
TX
Samba V
20,000
TX
Coby S
50,000
TX
Alex T
10,000
TX
Shane V
25,000
TX
Greg R
20,000
TX
Brian J
5,000
TX
Chair
20,000
VA
Lisa
5,000
VA
Zhong L
10,000
VA
Madhu I
25,000
VA
Brian D
50,000
VA
Jake D
37,500
VA
Kevin L*
125,000
VT
Ron
20,000
VT
Linda A
15,000
WA
Scott R
100,000
WA
Mike H
2,500
WA
Eric S
50,000
WA
Cathy K
20,000
WA
"Himalayas"
20,000
WA
Tyler
10,000
WA
Danny N
10,000
WA
Jason E
5,000
WI
Gary S
10,000
WI
Jason
10,000
WV
Paul
100,000
Z-Austria
Stan T
10,000
Z-Canada
Steve L
10,000
Z-Canada
Brian M
5,000
Z-Canada
Stockspeter
7,500
Z-Canada
Anurag V
20,000
Z-Germany
Ken
250,000
Z-Hong Kong
Nick E
30,000
Z-New Zealand
Adrian C
75,000
Z-Romania/EU
S.E.H.
12,500
Z-Singapore
Junyuan
2,500
Z-Singapore
Tomaz K
20,000
Z-Slovenia
Ward P
2,500
Z-Sweden
Anil
25,000
Z-Switzerland
KP
5,000
Z-UK
Nestor T
25,000
Z-Uruguay
Harsh N
5,000
Z-UAE






Total
$6,637,000

Goal
$7,000,000

% of Goal
94.8%




To Go
$363,000


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