How We Think About the Portfolio

We don’t chase categories. We follow behavior: what people already do every day: walk their dogs, travel with their families, choose healthier products. The fund’s job is to turn those behaviors into durable assets.

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Case Study: Hydro Flask

Hydro Flask

Bend, OR

CPG Brand Launch & Sale

Initial Condition: raw double-walled bottle concept without brand or path to market.

Intervention: Naming, brand spine, positioning as personal gear; replaced manufacturing; and readied distribution for outdoor / lifestyle online consumers.

Outcome: evolved into category standard and major exit.

Identity, not innovation alone, determines margin and exit potential.

[More Case Studies]

Case Study + Pipeline: BOWWOW Inc.

BOWWOW

Footwear Inc.

Bend, OR

Initial Condition: USA National Champion patents disruptive tech; fails in distribution.

Intervention: Branded to US Market (40% household affinity); added patented foot bed tech used in all US Major Sports Leagues; created Best-in-Class activation; secured National Retail Distribution commitment (US #2 Category, 1100 POS.)

Expected Outcome: National category leader anchored in a daily behavior; platform for apparel and accessories. (see funds use)

Behavior, not advertising, determines adoption and repeat use.

[Read the Fund Consumer Thesis]

Pipeline:

Microtel

Owner-friendly Investment Real Estate

Deschutes County, Oregon, USA

Vacant, downtown-zoned parcel with rare entitlement allowing hotel-classified, independently owned vacation units: not subject to the City’s restrictive vacation rental ordinances.

Thesis: Units priced <40% under market with stabilized 4-star ADR and market occupancy, generating $40k+ gross annual income per unit. Modeled sale IRR on equity: >100% over a 12-month assumption.

Governance: A fully entitled, build-ready hospitality platform positioned to capture underserved tourism demand without regulatory drag.

Sustained, high demand meets scarcity: Grandfathered Entitlements in growth moratorium.

[Read the Fund Real Estate Thesis]

[More Real Estate Pipeline]

Pet Supplements

Consumer / Pet

USA D2C Subscription Launching

Good Dawg Gravy, single-serve toppers with transparent dosing for dogs.

Thesis: Healthier pets, lower vet bills, longer life, "More Fun Days"; Proven D2C model (monthly subscription service): pricing, churn, and sustainable margin; launch-ready manufacturing in place. (see funds use)

Governance: Labeling discipline; Cornell University College of Veterinary Medicine dosing basis; Clean, all-natural verified supply chain; Growth Stage (Series A completed in 2024).

Highest Pet Ownership (and spending) in History at a time when "...our Dog is part of the family!"

Pipeline:

Pro Fan Culture

$ Billion Vendor-displacement

USA, International

Unrealized profit center for long established organizations.

Investor Alignment Benefits

Investors in the Third Salt Venture Fund participate economically, and experientially, in the environments the Fund develops. When the Fund holds a position in a destination, brand, or real-asset platform, limited partners receive preferred access, pricing advantages, and on-site invitations tied directly to active portfolio holdings. The places we build are meant to be lived in, walked, and understood, (not abstracted into a PDF.)

Seeing strategy expressed in the real world creates conviction, reduces information gaps, and reinforces why we back projects that last.

Alignment Benefits

Experience the places your capital builds.

Investors in the Third Salt Venture Fund participate both economically and experientially in selected portfolio destinations and operator platforms.

When the Fund holds an interest in a property or operating brand, limited partners may receive preferred access, pricing advantages, and on-site invitations tied directly to that holding. These are not “rewards.” They are a function of alignment: proximity improves diligence, operator trust, and future deal flow.

Use the Allocators Request Allocation Consideration

For accredited investors. The allocators on /venture-fund are sensitivity tools to help you think in ranges (allocation exposure and illustrative outcome math). They are not forecasts, promises, or a guarantee of results. Capacity and acceptance are subject to eligibility, verification, and the Fund’s discretion.

Preferential Participation

Preferential pricing or allocation opportunities on select Fund-backed real estate offerings while the Fund holds an active interest or alignment, without retail mark-ups.

On-Site Access

Preferred-rate or invitation-only access to select destinations, including Natura Vida, Costa Rica and future Central Oregon developments, so investors can evaluate assets in person.

Investor Gatherings

Periodic investor gatherings designed around transparency, diligence, and network depth, not spectacle, hosted at properties where the Fund has a stake.

Familiarity Advantage

Operators, suppliers, and co-investors who experience these assets often become future deal flow. Experiential access expands the pipeline rather than serving as a perk line-item.

Alignment benefits are structured around active Fund holdings and may vary by project, jurisdiction, and regulatory requirements. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy any security. Any offering is made only through the Fund’s official documents, and is available to verified accredited investors only.

Offering Status

To review full materials, including the fund and PPM, request allocation consideration.

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