Tuesday, April 6, 2010

Pledge Update April 2010

April 2010 pledge update below; as mentioned in previous posts we are on track for a (late) summer 2010 launch.  .

Last month brought in $525,000 of pledges; this takes the total amount to 121% of the initial goal of $7M.  The "fund is funded" - at least virtually, will need to wait until the real thing this summer for the real iteration.   The total number of investors is now about 280.  I will continue with my normal conservative projection of a $300-350K monthly run rate of pledges go forward for the next 4 months.  From here, hopefully a buffer of pledges can be built in case some proportion of people will not follow through.

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/May 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.


John R3,000AK
Bob B50,000AR
Ed S5,000AZ
Alan N15,000AZ
Armour B50,000AZ
Dharminder M100,000AZ
Pat L10,000AZ
Ron G10,000AZ
Werner C10,000AZ
Jake P10,000AZ
Art H50,000CA
Benjamin W5,000CA
Dave K100,000CA
Greg B25,000CA
Kurt C10,000CA
Ron W10,000CA
Tom L25,000CA
Ted C5,000CA
Brian L50,000CA
Rich P30,000CA
Shannon V5,000CA
Sunil K10,000CA
Anatoly S10,000CA
Wesley W20,000CA
Burt B10,000CA
John L5,000CA
Alven Y5,000CA
Piyush M5,000CA
Paresh P5,000CA
Dinesh K5,000CA
Naresh P5,000CA
Jay S*5,000CA
Shang C50,000CA
Henry C3,000CA
Charles Y100,000CA
George 5,000CA
Ross T5,000CA
James H5,000CA
Dana K25,000CA
Walt C30,000CA
Charles L20,000CA
Greg W20,000CA
Judy M20,000CA
Dave H20,000CA
Akash A6,000CA
Adam S5,000CA
Brian C25,000CA
Mark R10,000CA
Steven L25,000CA
Diane H100,000CA
Giancarlo S2,500CA
Scott W50,000CA
Henry C8,500CA
Jason N30,000CA
Marvin L10,000CA
Mike C10,000CA
John G2,500CA
George H5,000CA
Dean D25,000CA
Peter S2,500CA
Dan W5,000CA
Adam B50,000CO
Alecia C75,000CO
Dieter 5,000CO
David H50,000CO
Mike H15,000CT
Michelle T (Bob)20,000CT
Chris P100,000CT
Mark B*25,000D.C.
Elaine C20,000D.C.
Tom E5,000DE
Vic C10,000FL
Wes T10,000FL
Ron S*100,000FL (sailing)
Olivier N10,000FL
Bob H3,500FL
Chris I20,000FL
Dave C25,000FL
Kevin D5,000FL
Patrick L100,000FL
Matt D5,000FL
Gordon P25,000FL
Sandy S150,000GA
Andrew L5,000GA
Mark L2,500IA
Jeff M20,000IA
Ian J5,000ID
Jay S10,000IL
Mike P500,000IL
Vivek G75,000IL
Art K30,000IL
Matt L5,000IN
Jake R50,000KS
Bruce L25,000KY
Bill H5,000MA
Bruce W2,500MA
John B20,000MA
Don D50,000MA
Rain Lan30,000MA
Mark P30,000MD
Ralph B50,000MI
May L30,000MI
Rich S5,000MI
Elia K25,000MI
Garret B2,500MI
Scott L7,500MN
Tom S20,000MN
James W5,000MN
Ritchie H2,500MN
Mark M5,000MN
Marshall H5,000MO
Wolfgang S7,500MO
Nathan J10,000MO
Neil B50,000MO
George L10,000NC
Brian C5,000NC
Colleen P5,000NC
Paul F5,000NC
Scott G80,000NC
Lenin T2,500NC
Adam B10,000NJ
David B50,000NJ
Frank G500,000NJ
Henric B25,000NJ
Ryan T7,500NJ
B Shah2,500NJ
Rama R4,000NJ
Richard H100,000NJ
Vijay K75,000NJ
Howard A5,000NJ
Jordan L2,500NJ
Andy/Diana H12,000NJ
Jack L10,000NJ
Josh R5,000NJ
Lisa W50,000NJ
Tony D15,000NJ
Hui C*100,000NJ
Frederick S20,000NJ
Pranav S30,000NJ
Albert W5,000NJ
Arun K25,000NV
Tom S25,000NV
Dennis T2,500NV
Michael S5,000NV
Gary M10,000NY
Rob T20,000NY
Igor O*500,000NY
Chris Y10,000NY
Tim C20,000NY
Atul R5,000NY
Rob #26,000NY
Marc E7,500NY
Bob M100,000NY
Felipe V5,000NY
Lester B100,000NY
Matt Z5,000NY
Joe C5,000NY
Bill A2,500NY
Josh S*25,000NY
Chris W10,000NY
Ken T15,000NY
Peter G25,000NY
Adam M10,000OH
Justin K30,000OH
Robert S2,500OH
Dan W5,000OH
Tom K5,000OH
David O100,000OH
Dilip K5,000OK
Blake V100,000OK
Ryan 3,000OK
Nelson W10,000OK
Michael G2,500OR
Joe V50,000OR
Darin P20,000OR
Bill G10,000PA
Jatinder M10,000PA
Bruce R100,000PA
Joe C10,000PA
Nathan S3,000PA
David M2,500PA
Robert T75,000RI
Heidi H25,000RI
Doris S*100,000SC
Dave S20,000TN
Matt S10,000TN
Pankaj S5,000TN
Lukas V5,000TN
Ben M10,000TN
Joe P10,000TX
Doug M40,000TX
Jason D5,000TX
Glenn J5,000TX
Samba V20,000TX
Coby S50,000TX
Alex T10,000TX
Shane V25,000TX
Greg R20,000TX
Brian J5,000TX
C Dilber5,000TX
Kenton K*25,000TX
Robert T20,000TX
Scott V30,000UT
Greg P*100,000UT
Zhong L10,000VA
Madhu I50,000VA
Brian D50,000VA
Jake D37,500VA
Matt G10,000VA
Paul Z10,000VA
Robert W5,000VA
Jack T10,000VA
Kenneth Y10,000VA
Don G25,000VA
Mike M50,000VA
Kevin L*125,000VT
Linda A15,000WA
Scott R100,000WA
Mike H2,500WA
Eric S50,000WA
Cathy K20,000WA
Danny N10,000WA
Charlie W5,000WA
Dylan L10,000WA
David I100,000WA
Jason E5,000WI
Gary S10,000WI
Erle H*25,000WI
Karl W25,000WI
Stan T10,000Z-Canada
Steve L10,000Z-Canada
Brian M5,000Z-Canada
Kaz O10,000Z-Canada
Anurag V20,000Z-Germany
Johannes K10,000Z-Germany
Ken250,000Z-Hong Kong
Kumar K25,000Z-India
Barry R10,000Z-Ireland
Shlomo S25,000Z-Israel
Antoine F10,000Z-Luxembourg
Nick E30,000Z-New Zealand
Adrian C75,000Z-Romania/EU
David G5,000Z-Singapore
Tomaz K20,000Z-Slovenia
Ward P2,500Z-Sweden
Howard L10,000Z-UK
David X5,000Z-UK
Duncan M5,000Z-UK
Nestor T25,000Z-Uruguay
Harsh N5,000Z-UAE

% of Goal121.4%

To Go($1,495,000)

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