FAQ
Here are some answers to our most frequently asked questions. If you don't see your answer below, please contact jballam@hopeventures.co
Active Investments
HOPE Ventures 1
AlleyCorp
This SPV was created to invest in a New York based venture capital fund led by AlleyCorp. Learn more at AlleyCorp.com
HOPE Ventures 2
MMV
This SPV was created to invest in a local SF based venture capital fund led by MedMountain Ventures. Learn more at MMV.vc
Frequently Asked Questions
🏛️ General Information & Structure
What is the purpose of HOPE Ventures?
HOPE Ventures provides Special Purpose Vehicles (SPVs) formed solely to offer a fee-free and low entry point investment option for individuals associated with University Medical Partners (UMP).
How is the SPV managed and who is the manager?
The SPV manager is the UMP entity HOPE, which serves as the corporate investing arm of University Medical Partners. For all inquiries regarding the management of the SPV, please contact Jordan Ballam.
Is HOPE Ventures providing investment advice?
No. HOPE and HOPE Ventures do not endorse any specific investments. We are not investment, tax, or financial advisors. HOPE Ventures acts strictly as the investment vehicle. It is the sole responsibility of the individual investor to investigate the funds, managers, and underlying assets associated with any SPV.
Am I required to be an accredited investor?
Yes, to participate in our investment opportunities, you must qualify as an Accredited Investor as defined by the U.S. Securities and Exchange Commission (SEC) under Rule 501 of Regulation D.
To qualify, an individual must meet one of the following financial criteria:
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Have an individual or joint net worth that exceeds $1,000,000.
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Have had an annual income exceeding $200,000 (or $300,000 joint) in each of the prior two years, and have a reasonable expectation of reaching the same income level in the current year.
Refer directly to the sec website for more information.
📈 Investment Specifics (Active SPVs)
What is the focus of Hope Ventures 1?
Hope Ventures 1 was built for the express and sole purpose of investing in the AlleyCorp venture capital fund. You can learn more about their thesis and portfolio at alleycorp.com. The minimum investment is $25,000.
What is the focus of Hope Ventures 2?
Hope Ventures 2 was built for the express and sole purpose of investing in MMV (MedMountain Ventures). Detailed information regarding this investment can be found at mmv.vc. The minimum investment is $10,000.
What additional fees do I pay on top of my investment?
There are no additional fees. This is the true value of participating in this SPV. You can enter at an amount that is much lower than the typically required investment commitment with no additional fees. Your returns will match those that invested even at multi-million dollar commitment levels.
How are you offering this with no fees?
The SPV Manager is covering the fees on your behalf. This includes the legal costs associated with forming the SPV and ongoing accounting and administrative fees.
📑 Reporting & Taxes
What documents will I receive as an investor?
The SPV is required to produce unaudited financial statements. These will be the only formal financial documents provided regarding the SPV's standing.
Will I receive a tax document?
Yes. Every investor in the SPV can expect to receive a K-1 for their tax filings.