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Paradox Capital
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Subscription Amount
$12,500+ Quarterly
Subscription Period
4 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
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Note from Kyle Tibbitts
Hi, I’m Kyle Tibbitts and I’m the CMO at Wander. We’re building a network of smart homes across the globe you access with the tap of a button. Previously, I was Head of Marketing at Fast and second marketing hire and Head of Brand Marketing at Opendoor. I’ve spent the last 12+ years building marketing machines from the ground up and love jumping into the trenches with founders to help take their marketing strategies from 0 to 1. I also host a podcast called Paradox Podcast with 35,000+ listeners.
Through my fund, I’ve invested in companies like OpenStore, Pipe, Doorvest, MicroAcquire, Wander, Primer plus eighteen more. I’m building Paradox Capital to arm founders beneath and beyond Silicon Valley’s radar with early checks and expert advice to build the next great companies anywhere.
Notable fund LPs include: Marc Andreessen, Balaji Srinivasan, Garry Tan, David Sacks, Julia DeWahl, Chris Dixon, Geoff Lewis, Founders Fund, Elad Gil, Andy Johns, Sriram Krishnan, Shane Steele, Bobby Goodlatte, Jack Altman and more
A few recent bets I’ve made:
- OpenStore: (fund investment): invested in seed round after having worked with co-founders at Opendoor and believing strongly in their mission
- Clubhouse (angel investment): invested in series A after giving founders Rohan and Paul feedback on their original Talkshow app back in January of 2020
- Pipe (fund investment): invested in Series B after connecting with the founder Harry Hurst on Twitter and being incredibly impressed with this team’s execution
- MicroAcquire (fund investment): invested in seed round and love how they supercharging the entrepreneurial ecosystem by building Zillow for M&A
- Panther (angel investment): invested in pre-seed round after meeting founder (based in Tampa, Florida), helped pull in other angel investors
- Doorvest (fund investment): joined as an an advisor at pre-seed stage to help founding team with marketing and invested via the fund in seed round
- Primer (angel/fund investment): invested in seed round pre-pandemic based on strong conviction around homeschooling going mainstream
- Wander (fund investment): initially invested in Wander’s pre-seed round before joining the founding team as CMO to build the travel experience of the future
The problem
The location monopoly is broken
The pandemic has broken Silicon Valley’s location monopoly. Great founders can and will build great companies anywhere and everywhere.
But the network remains centralized
The next generation of founders still want direct access to top-tier Silicon Valley talent, advice and capital to help get their companies off the ground.
Active builders are hard to access
Founders want partners who are uncovering insights and secrets that will help them build their companies because they are still in the game.
The solution
Paradox Capital is a pre-seed fund
The mission of Paradox Capital is simple. Give outsider founders –– and founders outside Silicon Valley –– early capital and direct access to the best product, marketing, design and ops experts inside Silicon Valley so they can build their companies wherever and however they want. In particular, I'm looking to invest in resourceful and resilient founders with the storytelling superpowers and vision required to recruit talented global teams to join their missions.
Every week, founders from all over reach out to me, asking for help taking their marketing strategies from 0 to 1. This fund scales my ability to bet on the best ones and build a support network around them. While Silicon Valley the place is dissolving into the cloud, the philosophy around boundless creation is stronger than ever. That’s the tension –– the paradox –– I'll be leaning into.
-Kyle Tibbitts
Testimonials:*
“Our early white boarding sessions with Kyle gave us clarity on many of the hardest problems we had on go to market, positioning, and marketing. I will try to get Kyle on the cap table of every company I ever start.” –– Ryan Delk, Co-founder and CEO, Primer
“As an early Doorvest supporter, Kyle has consistently helped us navigate the world of all things marketing. I'd recommend Kyle to any early-stage company looking to up-level their marketing prowess!” –– Andrew Luong, Co-founder and CEO, Doorvest
“Can’t recommend Kyle enough for early-stage founders looking to build out marketing machines. Plus, his podcast is one of the most insightful content libraries online.” –– Keith Corso, Founder and CEO, BusRight
* Quotes included here related to a fund manager's services should not be construed in any way as an endorsement of the fund manager's advice, analysis, or other service rendered to their LPs.
The investments and returns data above and accessible via external links may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and return multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. Past performance is not indicative of future returns. The companies and venture partners featured in this note and accessible via external links were selected due to their notoriety in the startup and venture capital community. This list is provided for illustrative purposes only and is not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.
Kyle Tibbitts
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$12,500
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $177.25k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $177.25k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Kyle Tibbitts' personal subscription per quarter will be at least 1% of each quarterly fund's total committed capital in total. Kyle Tibbitts will satisfy their GP commitment in part by waiving 25% of management fees otherwise owed to them by the fund.
Investor FAQ
How is this program different from venture fund investing?
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How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Paradox Capital's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The fund lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$12,500+ Quarterly
Subscription Period
4 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account