Wednesday, May 19, 2010

Pledge Update May 2010

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May 2010 pledge update below; as mentioned in previous posts we are on track for a late summer/early fall 2010 launch. .

Last month brought in $830,000 of pledges; this takes the total amount to 133% of the initial goal of $7M. The "fund is funded" - at least virtually, will need to wait until the real thing for the real iteration. The total number of investors is now about 300. 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.

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[if your name is missing it is because you did not email me your state - please do, thanks]

Name Amount State/Country



John R 3,000 AK
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
Werner C 10,000 AZ
Jake P 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. 100,000 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
Jason N 30,000 CA
Marvin L 10,000 CA
Mike C 10,000 CA
John G 2,500 CA
George H 5,000 CA
Dean D 25,000 CA
Peter S 2,500 CA
Dan W 5,000 CA
Dan A 10,700 CA
Rohit G 10,000 CA
Jason Z 20,000 CA
Jay C 5,000 CA
Ben C 15,000 CA
Adam B 20,000 CO
Alecia C 75,000 CO
Seth 3,000 CO
Dieter 5,000 CO
David H 50,000 CO
Mike H 15,000 CT
Michelle T (Bob) 20,000 CT
Chris P 100,000 CT
Chris M 50,000 CT
Mark B* 25,000 D.C.
Elaine C 20,000 D.C.
Tom E 5,000 DE
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
Matt D 5,000 FL
Gordon P 25,000 FL
JH 25,000 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
Art K 30,000 IL
Ben 10,000 IN
Matt L 5,000 IN
Jake R 50,000 KS
Bruce L 25,000 KY
Bill H 5,000 MA
Bruce W 2,500 MA
John B 20,000 MA
Don D 50,000 MA
Rain Lan 30,000 MA
Vincent 20,000 MA
MB 20,000 MD
Raeann 10,000 MD
Mark P 30,000 MD
Mark 60,000 MI
Ralph B 50,000 MI
May L 30,000 MI
Rich S 5,000 MI
Y.O. 15,000 MI
Elia K 25,000 MI
Garret B 2,500 MI
NF (Oct 10) 200,000 MI
Scott L 7,500 MN
Tom S 20,000 MN
James W 5,000 MN
Ritchie H 2,500 MN
Mark M 5,000 MN
Marshall H 5,000 MO
Wolfgang S 7,500 MO
Nathan J 10,000 MO
Neil B 50,000 MO
Tom E 5,000 MO
Jerry C 30,000 MT
Tom M 10,000 MT
George L 10,000 NC
Brian C 5,000 NC
Colleen P 5,000 NC
Paul F 5,000 NC
Scott G 80,000 NC
Lenin T 2,500 NC
Joshua R 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
Jordan L 2,500 NJ
Andy/Diana H 12,000 NJ
Jack L 10,000 NJ
Josh R 5,000 NJ
Lisa W 50,000 NJ
Tony D 15,000 NJ
Hui C* 100,000 NJ
Frederick S 20,000 NJ
Pranav S 30,000 NJ
Albert W 5,000 NJ
Andrew 100,000 NV
Arun K 25,000 NV
Tom S 25,000 NV
Dennis T 2,500 NV
Michael S 5,000 NV
Gary M 10,000 NY
Rob T 20,000 NY
Igor O* 500,000 NY
Chris Y 10,000 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
Tariq 5,000 NY
Joe C 5,000 NY
Bill A 2,500 NY
Josh S* 25,000 NY
Chris W 10,000 NY
Ken T 15,000 NY
Peter G 25,000 NY
Joe S 25,000 NY
Adam M 10,000 OH
Justin K 30,000 OH
Robert S 5,000 OH
Dan W 5,000 OH
Tom K 5,000 OH
David O 100,000 OH
Dilip K 5,000 OK
Blake V 250,000 OK
Ryan 3,000 OK
Nelson W 10,000 OK
Michael G 2,500 OR
Joe V 50,000 OR
Darin P 20,000 OR
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
David M 2,500 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
Lukas V 5,000 TN
Ben M 10,000 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
C Dilber 5,000 TX
Kenton K* 25,000 TX
Robert T 20,000 TX
Ron W 25,000 TX
Scott V 30,000 UT
Greg P* 300,000 UT
Chair 20,000 VA
Lisa 5,000 VA
Zhong L 10,000 VA
Madhu I 50,000 VA
Brian D 50,000 VA
Jake D 37,500 VA
Matt G 10,000 VA
Paul Z 10,000 VA
Robert W 5,000 VA
Jack T 10,000 VA
Kenneth Y 10,000 VA
Don G 25,000 VA
Mike M 50,000 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
Charlie W 5,000 WA
Dylan L 10,000 WA
David I 100,000 WA
Sean K 25,000 WA
Liem 4,000 WA
James L 5,000 WA
Gene G 5,000 WA
Jason E 5,000 WI
Gary S 10,000 WI
Erle H* 25,000 WI
Karl W 25,000 WI
Joe H 28,000 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
Kaz O 10,000 Z-Canada
Anurag V 20,000 Z-Germany
Johannes K 10,000 Z-Germany
Ken 250,000 Z-Hong Kong
Kumar K 25,000 Z-India
Barry R 10,000 Z-Ireland
Shlomo S 25,000 Z-Israel
Antoine F 10,000 Z-Luxembourg
Nick E 30,000 Z-New Zealand
Andre R 10,000 Z-Portugal
Adrian C 75,000 Z-Romania/EU
S.E.H. 12,500 Z-Singapore
Junyuan 2,500 Z-Singapore
David G 5,000 Z-Singapore
Tomaz K 20,000 Z-Slovenia
Ward P 2,500 Z-Sweden
Anil 25,000 Z-Switzerland
KP 5,000 Z-UK
Howard L 10,000 Z-UK
David X 5,000 Z-UK
Duncan M 5,000 Z-UK
Nestor T 25,000 Z-Uruguay
Harsh N 5,000 Z-UAE






Total $9,325,200
Goal $7,000,000
% of Goal 133.2%



To Go ($2,325,200)

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