Frequently Asked Questions

Pop Venture is a participation platform that organizes the Power of People into a force.

By bringing people, perspectives and capital together, Pop Venture turns individual participation into collective power.

Pop Venture engages with the public online, on TV, on the road and in person.

Venturers show up, ask questions, share insights and weigh in on the decisions, businesses and innovations shaping our lives, our economy and our future.

Venturers may also become shareholders in the Pop Venture Fund, a registered fund available to U.S. citizens age 18 and older.

The Fund pools shareholder capital and invests in a professionally managed portfolio of private companies. Pop Venture brings that process into public view through broadcasts, events and ongoing participation.

Pop Venture Advisers conducts the diligence, chooses the companies to present to Venturers and makes every final investment decision for the Fund.

A Venturer is a unique, verified member of the Pop Venture community.

Venturers show up at events, watch broadcasts, follow innovative companies and share perspectives. Venturers may choose to own shares in The Pop Venture Fund. Being a Venturer does not require investing in the Fund.

As a Venturer, you are not responsible for choosing the Fund’s investments or manage its portfolio. The Adviser provides this service to the Fund and its shareholders.

One person weighing in can be overlooked. Thousands or millions of verified people showing up together become a force that is difficult to ignore.

By combining our voices, insights and capital, we can help important ideas get heard, help promising companies grow and invest together with a scale that individuals rarely have on their own. That is the Power of People acting together.

Venturers weigh in on important questions, including which businesses could have the greatest impact, which innovations deserve attention and which companies Pop Venture should consider funding. For those insights to be credible and taken seriously, we must protect the community from fake accounts, bots, duplicate identities and manipulation.

Pop Venture is building a real relationship with every Venturer. You will have opportunities to participate in events and other experiences created for the community and get some very cool, personalized Venturer Gear.

Verifying each person helps ensure that every voice belongs to a real individual and that the weigh-in it represents you and your unique perspective.

The Pop Venture Fund allows you to pool your money with other people and invest together in a portfolio of private companies with the scale and professional management traditionally reserved for the very wealthy.

The Pop Venture Fund is a Delaware statutory trust and registered under the Investment Company Act of 1940. It is a federally regulated investment fund with a Board of Trustees and rules designed to protect shareholders.

The Fund continuously offers shares, so eligible investors can purchase shares through PopVenture.com.

Unlike a publicly traded stock, the Fund’s shares are not bought and sold on a stock exchange. Instead, they are purchased at the Fund’s current Net Asset Value, or NAV See “What is NAV?”. The Fund operates as an interval fund, which means it offers shareholders a limited opportunity each year to sell their shares back to the Fund.

Traditional private venture capital funds are generally limited to institutions and wealthy individuals who qualify as accredited investors.

The Pop Venture Fund uses an SEC-registered fund structure governed by the Investment Company Act of 1940, an 85-year-old investor-protection framework that allows Pop Venture to make venture capital available to the public without wealth requirements.

Pop Venture also gives shareholders opportunities to follow the investment process, learn about portfolio companies and weigh in before certain investment decisions are made.

No. On a crowdfunding platform, investors invest alone in one company at a time.

With Pop Venture you own shares in the Fund with other shareholders.

Instead of investing in one company, the Fund will invest in many companies.

Pop Venture Advisers pools shareholder capital, conducts due diligence on companies, negotiates terms and makes investment decisions on behalf of the Fund.

As of August 2026, the Pop Venture has not made investments in private companies.

We have started considering businesses for the Fund. If you know a company we should look at, please ask them to visit PopVenture.com and select “Apply for Funding”.

While we look for companies, we need Venturers who choose to become shareholders to invest in the Fund so we have enough capital to make investments in the companies approved by the Pop Venture Adviser.

When the Adviser approves companies, they will be presented online and on our shareholder broadcast so Venturers can weigh in on the choices.

While the Fund is looking for and completing investments in private companies, it does not intend to leave shareholder capital sitting idle and earning nothing. The Fund may invest that money in U.S. Treasuries, money market securities, cash equivalents and other liquid investments in an effort to earn income while keeping the capital readily available for future investments, operating needs and shareholder repurchases. These investments are not guaranteed and may earn less than the private-company investments the Fund ultimately intends to make.

As of August 2026, the Pop Venture has not made investments.

We will not make investments until there is sufficient capital in the Fund.

We have started considering businesses for the Fund. If you know a company we should consider please ask them to visit PopVenture.com, “Apply for Funding” or send us a message via email or text or submit a message here.

When there is sufficient capital in the Fund and the Adviser approves companies, they will be presented online and on our shareholder broadcast so Venturers can weigh in on the Adviser’s choices.

While the Fund is looking for and completing investments in private companies, it does not intend to leave shareholder capital sitting idle and earning nothing. The Fund may invest that money in U.S. Treasuries, money market securities, cash equivalents and other liquid investments to earn a return while keeping the capital readily available for future investments, operating needs and shareholder repurchases. These investments are not guaranteed and may earn less than the private-company investments the Fund ultimately intends to make.

The Fund does not intend to leave shareholder capital sitting idle.

Money that has not yet been invested in private companies may be placed in U.S. Treasuries, money market securities, cash equivalents and other liquid investments permitted by the Fund’s prospectus.

The goal is to earn income on that capital while keeping it available when the Fund is ready to make an investment, pay expenses or meet shareholder repurchase obligations. These investments are not guaranteed and may earn less than the Fund’s private-company investments.

The Fund is designed to be available to members of the public and does not require investors to meet accredited-investor wealth or income standards.

Investors in The Pop Venture Fund must be at least 18 years old, be a U.S. citizen and have a verified U.S. bank account in the investor’s name.

Investors must still meet the Fund’s account-opening, identity-verification, banking and minimum-investment requirements ($25.00). Please review the Prospectus and account-opening information for the complete eligibility requirements.

The current minimum initial investment is $25. The current minimum for each additional investment is also $25. The Fund may change or waive these minimums.

Each investor should consider their financial situation, investment goals, risk tolerance and how long they can leave the money invested.

Only invest what you can afford to lose. Investing in private companies is risky. This is a long-term investment with limited annual liquidity. You may not be able to sell your shares when you want or sell all the shares you request.

You own shares of The Pop Venture Fund.

The Fund owns the portfolio investments, and the value of your Fund shares reflects your proportionate interest in the Fund’s overall assets and liabilities.

No.

Pop Venture Advisers makes all investment decisions for the Fund. Pop Venturers may have opportunities to watch company presentations, ask questions, share insights and weigh in, but those responses are non-binding.

The Adviser remains responsible for deciding whether the Fund invests.

Companies presented to Venturers have been vetted by Pop Venture and have signed term sheets with Pop Venture. Pop Venture will never present a company to Venturers that has not yet been cleared through the arduous Pop Venture diligence process.

An appearance on Pop Venture does not necessarily mean that shares of the company are available for direct purchase.

Unless a separate investment opportunity is specifically offered, your investment is in the Pop Venture Fund, not directly in an individual company.

Your money becomes part of the Fund’s pooled capital.

The Fund may use that capital to invest in private companies, hold cash, pay Fund expenses and meet other obligations permitted under the Prospectus.

Your individual dollars are not assigned to one specific company.

Pop Venture Advisers professionally manages the Fund.

Its responsibilities include identifying potential investments, conducting due diligence, negotiating investment terms, monitoring portfolio companies, valuing investments and deciding when the Fund should buy or sell an investment.

Pooled capital means that money from many shareholders is combined into one larger investment fund.

That larger pool can give the Fund the ability to pursue investments, negotiate terms and build a broader portfolio than most individuals could reasonably create on their own.

Pooling capital does not eliminate investment risk or guarantee access to any particular company.

Pop Venture Advisers reviews each potential investment using financial, legal, operational and qualitative due diligence.

Companies will also be required to provide verified information through Locker, a diligence system affiliated with Pop Venture Enterprises Inc. The purpose is to help the Adviser evaluate a company using organized, current verified information rather than relying only on a pitch or founder presentation.

No.

Verification helps determine whether information has been provided, reviewed or supported. It does not guarantee that a company will succeed, that its projections will be achieved or that the Fund will earn a return.

Even a vetted company can lose value or fail.

Only invest what you can afford to lose.

Diversification means spreading investments across multiple companies rather than depending on the success of only one.

The Fund is designed to build a diversified portfolio over time. However, diversification cannot eliminate risk or guarantee a profit, and the Fund may be less diversified during its earlier stages.

NAV stands for Net Asset Value. It represents the calculated value of one share of the Fund.

NAV is determined by adding the value of the Fund’s investments, cash and other assets, subtracting its liabilities, including accrued fees and expenses, and dividing the result by the number of Fund shares outstanding.

Not exactly.

Publicly traded stocks have prices that change throughout the day based on buying and selling in the market.

Pop Venture Fund shares are not traded on a public stock exchange. Their value is based on the Fund’s NAV, which reflects the value of its investments, cash and other assets, less its liabilities, fees and expenses.

Private companies do not have publicly quoted share prices, so the Fund must estimate their fair value using the information available and its established valuation procedures.

The valuation process may consider financial performance, comparable companies, financing transactions, market conditions, business developments and other relevant information.

Private-company valuations are estimates. The amount ultimately received when an investment is sold may be higher or lower than the value previously assigned to it.

The Fund calculates NAV each business day, but that does not mean every portfolio company receives a new valuation every day.

Changes in portfolio-company values, cash, fees, expenses and other Fund assets or liabilities may cause share value to rise or fall.

No.

The Fund is not traded on a stock exchange, and you cannot sell your shares whenever the market is open. Venture capital should be considered a long-term, illiquid investment.

The Fund expects to provide a limited scheduled opportunity for shareholders to ask the Fund to repurchase their shares.

The Fund will make a repurchase offer once each year, giving shareholders a limited opportunity to ask the Fund to buy back some or all of their shares at the Fund’s Net Asset Value, or NAV.

The Fund is required to offer to repurchase at least 5% of all outstanding Fund shares each year. The Board of Trustees may choose to offer to repurchase more, up to 25%, but shareholders should expect that the Fund may offer only the required 5%.

If shareholders collectively ask the Fund to repurchase more shares than the Fund has offered to buy, each request may be reduced proportionately. This means you may not be able to sell all the shares you request and will need to submit a new request during a future annual repurchase offer for any remaining shares.

Shareholders will receive advance notice explaining when the repurchase period begins, the deadline for submitting a request and how to submit the request through PopVenture.com.

No.

You should not rely on being able to sell your shares at any time, including during a repurchase offer.

Pop Venture should not be used for emergency savings or money you expect to need in the short term.

Only invest what you can afford to lose.

No. A request that is not fully completed generally will not automatically carry forward.

You would need to submit a new request during a future repurchase period, subject to the Fund’s procedures at that time.

It may.

A repurchase of your shares may create a taxable gain or loss. Pop Venture cannot provide personal tax advice, so you should consult a qualified tax professional about your circumstances.

Venturers may be invited to review information about a company, watch its story, ask questions, share relevant knowledge and express whether they believe the Fund should invest.

The weigh-in is one source of information for Pop Venture Advisers. It is not a shareholder vote and does not determine whether an investment is made.

No. Venturers do not vote on or control the Fund’s investment decisions.

Pop Venture Advisers makes investment decisions in accordance with its fiduciary responsibilities, investment process and the Fund’s governing documents.

However, once the decision is made and the company has accepted a term sheet from Pop Venture, the company is filmed and presented to Venturers for feedback. The Venturers weigh in on Adviser decisions and may be considered as one data point by the Adviser.

People across the country have knowledge, experience and perspectives that may be relevant to a company’s customers, industry, products, geography or potential impact.

Pop Venture may consider those insights while preserving professional management and clear responsibility for the final decision.

The Adviser only presents businesses that have been approved by the Adviser.

No.

Companies presented to Venturers have been vetted by Pop Venture and have signed term sheets with Pop Venture. Pop Venture will never present a company to Venturers that has not yet been cleared through the arduous Pop Venture diligence process. Every company presented by Pop Venture has already received a “Yes” for investing. That “Yes” may become a no if the company’s situation has changed since the term sheets were signed, if the market has changed, if the Venturer weigh-in causes the Adviser to reconsider the investment.

The value of Fund shares may increase if the value of the Fund’s investments increases.

The Fund may also receive proceeds when a portfolio company is acquired, goes public, pays a distribution or otherwise provides liquidity. Those proceeds become assets of the Fund and are handled according to the Fund’s policies and governing documents.

There is no guarantee that the Fund or its portfolio companies will produce a positive return.

The Fund may make distributions when required or appropriate, but shareholders should not assume that it will provide regular income.

The Fund’s primary strategy is long-term investment in private companies.

Only invest what you can afford to lose.

The Fund does not charge a sales commission or sales load when you purchase shares.

The Fund pays Pop Venture Advisers an annual management fee equal to 2% of the Fund’s average daily Net Asset Value. The fee is calculated daily and paid monthly from the Fund’s assets. It is not charged to you as a separate bill, but it reduces the Fund’s NAV and therefore affects the value and returns of your shares.

The Fund also pays operating expenses, including administration, accounting, custody, audit, legal and other costs required to operate a registered investment fund. Under the Fund’s current Expense Limitation Agreement, the management fee and most annual operating expenses are limited to a total of 6% of the Fund’s average daily net assets. The 6% limitation includes the 2% management fee; it is not an additional 6% fee. Certain costs, including taxes, interest, brokerage commissions, expenses of other funds in which the Fund invests and extraordinary expenses, are not included in that limitation.

A service provider may also charge a transaction fee for certain electronic transfers from your bank account. Please review the Prospectus and the information provided on PopVenture.com for the Fund’s complete and current fee information.

Yes. Investing in private companies involves significant risk. Companies may lose value, fail to raise additional capital, be unable to become profitable or go out of business.

You could lose some or all of the money you invest.

No. Past performance by a company, investment manager, venture capital fund or asset class does not guarantee future returns.

Venture capital is generally a long-term investment. Companies may take many years to grow, be acquired, go public or otherwise provide a return.

You should invest only money you can afford to lose and will not need in the short term.

Venture capital is money invested in private companies that investors believe have the potential to grow significantly.

In exchange for providing capital, the investor generally receives an ownership interest in the company.

A private company is a business whose shares are not publicly traded on a stock exchange.

Because there is no daily public market for its shares, private-company investments are usually harder to value and sell than publicly traded stocks.

Due diligence is the process of investigating a company before making an investment.

It may include reviewing the company’s financial information, ownership, legal documents, management team, customers, market, operations, risks and other material information.

These terms commonly describe stages of private-company financing.

Seed funding is generally used to develop an early product or business. Series A funding often supports the development of a repeatable business model. Series B and later rounds may be used to expand operations, hire employees, enter new markets or continue growing.

The labels are not guarantees of quality, maturity or future success. Sometimes the labels are not always used consistently, especially in regions where there are few or no venture capital investors.

As it relates to The Pop Venture Fund, an exit is an event that may allow the Fund to realize the value of a private-company investment.

Examples include the portfolio company being acquired, going public, repurchasing shares from the Fund or another investor purchasing the Fund’s position. An exit is not guaranteed, and it may take many years.

The Fund will provide information about its portfolio through Pop Venture’s website PopVenture.com, shareholder communications, reports and other materials, subject to confidentiality, regulatory and business limitations.

Shareholders may receive account notices, Fund reports, portfolio updates, repurchase information and other communications electronically.

It is important to keep your email address and account information current.

The Pop Venture Fund Prospectus contains the Fund’s investment objectives, strategy, fees, risks, repurchase policies and other important information.

The FAQs are educational summaries. If anything in an FAQ differs from the Prospectus, the Prospectus controls.

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