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Third Salt Venture Fund — Frequently Asked Questions

What is the Fund’s edge, and why does it persist?

Third Salt identifies assets and brands anchored in daily behavioral patterns rather than category noise. The edge lies in recognizing where consumer identity, land scarcity, and operator discipline intersect before they are priced as inevitabilities. This advantage is not trend-dependent; it is repeatable because behavior and geography change far more slowly than narratives.

How is capital actually deployed, and what determines sequencing?

Deployment follows behavior-backed conviction, not fund-level calendar mechanics. Projects are underwritten individually and capital is called as deals validate, not to satisfy arbitrary pacing. Third Salt’s structure prioritizes asymmetry: defensible hard assets as ballast, behavior-driven brands as optionality. There is no quota-driven deployment pressure.

What stops you from drifting into unrelated opportunities?

Our mandate is constraint-based: if a project cannot be tied to repeatable human behavior, enforceable governance, and a path to pricing power, it is excluded. This removes narrative creep and eliminates “hot market” temptation. The Fund will not pursue ideas that require a belief in new behavior to work.

Is Third Salt a crypto fund?

No. Digital assets may be accepted as a funding mechanism for qualified investors, but crypto is not a thesis input. Contributions are converted or custodied per policy. The Fund’s investments are in real assets, brands, and enforceable behaviors—not speculative currencies.

What is the minimum commitment?

The minimum is defined in the subscription materials. Requests below the threshold may be declined or deferred. Minimums protect the Fund’s operational integrity.

How do you measure success without marketing IRR projections?

Third Salt values proof of inevitability: the moment when market, operator, and identity align such that resistance collapses. This is demonstrated through case studies, adoption data, entitlements, and brand share—not projected IRR. Outcomes are reported, not promised.

Who can invest?

Only accredited investors eligible under Regulation D Rule 506(c). Suitability and accreditation are verified before capital is accepted.

When are capital calls made?

Calls are driven by deal readiness, not calendar targets. If a project cannot absorb capital productively, the Fund waits. Discipline is a feature, not a delay.

Can I invest through an LLC, trust, or retirement account?

Yes, subject to custodian requirements and verification. Entity structures do not change the Fund’s allocation logic or reporting standards.

What does reporting look like?

Investors receive standardized periodic updates and annual K-1s. Reporting follows institutional norms: clarity over volume, facts over forecasts, with additional materials available in the data room when appropriate.

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