"CAGR, not AUM"

Members get access to PIRQUE's intelligence database, and can co-invest via risk-aligned syndicates.

ahead access

· access quality not quantity
· portfolio compounding at 33%/yr
· ~8 deals / year
[+] list of syndicated assets

skin in the game

· the only signal of true diligence
· PIRQUE (lead) always invest >10%
· PIRQUE (lead) takes the same operational risk

pay to play

· $1,000 gets you a seat at the table
· no minimum capital commitment
· cancel the membership anytime

private capital

· principals only, no intermediaries
· individuals, families, family business
· comfortable with >10yrs illiquidity

intel unbundled

· quarterly update calls
· online intelligence database
· read investment memos

flexible menu

· Δ1 single deals (active)
· Δ2 standard fund (passive)
· Δ3 holding company (shareholder)

Ahead membership fee	$1.000/yr
Capital commitment	0% (zero)
Member's investment preference	active: evaluate deals	passive: evaluate leads
Investment vehicle	single deal (SPV)	multiple deal (MVP)
Deal fee	0% (zero)
Management fee	0% (zero)
Success fee (carry)	0% - 30%
Admin fees (pro-rated among all investors, including the lead)	pass-thru of AngelList fees
	fixed $8k/SPV	fixed $270k/MVP

capital commitment

$0 (zero)

members' investment preference

active: evaluate deals

passive: evaluate lead

skin in the game of the lead

≥10% (with a $10k minimum)

investment vehicle

single deals

standard fund

management fee

$0 (zero)

deal fee
(success fee paid as carry)

spot, 0%-40%

fixed, 20%

lifetime admin fees
(pass-through from AngelList, pro-rated among all investors including the lead)

~$8k/SPV
~$400/investor

~$270k/fund
~$2,100/investor