Access Class is Now Boarding.
We're redefining who gets to own a piece of the future.
PLATFORM POWERED BY
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Investment Thesis
Jetstream provides early-stage capital to visionary founders building transformative technologies, while expanding access for individual investors to opportunities historically reserved for insider institutions. We invest beyond ideation, seeking companies with proven concepts or product-market fit. Our approach prioritizes founders with clear vision, technical expertise, and the resilience to build category-defining businesses.
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Why Venture Capital (VC)?
Venture capital has been one of the highest-performing asset classes in the United States for more than a generation. At its core, it is an investment model where experienced managers back early-stage companies with strong growth potential.
At Jetstream, we combine capital with strategic guidance and industry connections to help these companies scale. As they grow, our investors benefit alongside them.
Redefining Venture Capital
Unlike traditional venture capital funds, Jetstream Venture Fund is designed with several distinct advantages.
Evergreen Structure
As an evergreen interval fund, Jetstream does not have a predetermined lifespan. This approach enables long-term investing across multiple stages, without pressure from fixed timelines or forced exits.
Semiannual Liquidity
Investors have two opportunities each year to withdraw funds of up to 5% of the fund’s net assets. This flexibility contrasts with call-and-hold models used by traditional venture funds, where capital is locked until liquidation.
Diversify Your Investments
The fund invests in both private and public companies with additional investment offerings like mutual funds, bonds, or debt instruments. A mix broadens exposure and may help reduce risk for investors.
Straightforward Tax Reporting
Compared to traditional venture funds that issue complex K-1s, Jetstream provides investors with a simple annual Form 1099-DIV. This streamlined structure reduces complexity with clear and consistent tax reporting.
Increased Accessibility
Venture capital funds are typically restricted to high net-worth individuals, often requiring minimum net worths between $1 and $5 million. Jetstream gives more individuals who meet the minimum investment a way in.
On the Radar
Venture capital, without the gate keeping.
Jetstream gives working professionals a way to invest in venture-backed companies and transformative technologies without navigating the traditional barriers to entry. We focus on high-growth startups shaping tomorrow, managing the investment process so investors can participate with confidence and not added complexity.
In line with traditional venture capital funds, we are responsible for:
• Sourcing and vetting startup opportunities
• Structuring and negotiating investments
• Constructing a diversified portfolio
• Supporting founders as businesses scale
It is easy to invest in under five minutes through our secure investment portal.
You can also invest with an LLC, self-directed IRA or a trust by contacting jetstream@sweaterfunds.com.
Jetstream Venture Fund Advantages
*The Jetstream Venture Fund will offer to repurchase 5% of its outstanding shares twice a year. These repurchase offerings may be oversubscribed, however, meaning investors may not be able sell to the Fund as many shares as they request during each semi-annual repurchase window.
The Jetstream Method
Led by John Shufeldt, Michael Shufeldt, Douglas Sylvester, and Chris Yoo, the Jetstream Venture Fund brings more than 60 years of combined experience across startups and investing.
Jetstream follows a disciplined investment process designed to identify strong signals early and support companies through critical stages of growth. The team invests in transformative technologies and leaders, then works alongside founders to provide capital, strategic perspective, and hands-on support as companies gain traction and move toward scale.
A new class of investing access has arrived.
The Jetstream Venture Fund clears the runway for investors looking for a way in.
Flight Manual
What are the highlights of the fund?
- Evergreen interval fund
- $20,000 minimum investment ($5,000 promotion period)
- Can invest as an individual, LLC, self-directed IRA or trust.
- Redemption periods twice a year
- No accreditation needed
- Registered with the SEC
- Actively managed venture fund
- Offers shares on a continuous basis
- Transparency through daily NAV calculation
- Can invest freely in less liquid investments
How do I sign up?
You can invest here by creating a secure investor account. Once you have created your account, you can begin investing directly through the Jetstream Venture Fund portal. Through this portal, you’ll securely submit your investor information and complete required documentation. Once your account is created, you’ll be ready to fund your investment and officially come aboard The Jetstream Venture Fund.
Who is Sweater?
Sweater is our partner who hosts our secure investment portal. The Jetstream Venture Fund is structured to combine focused venture expertise with operational excellence. Xcellerant Ventures acts as the sub-advisor, concentrating on marketing, fundraising, and capital deployment. Sweater serves as the fund’s advisor, managing compliance, tax, audit, valuation, and investor relations at scale. Together, this partnership ensures investors benefit from both experienced venture capital management and institutional-grade infrastructure.
What is an interval fund?
Interval funds are registered investment vehicles that provide retail investors access to less liquid assets like privately-held, early-stage, technology companies. Unlike most investment vehicles, interval funds can invest in such companies and hold those investments until profits can be realized. They are called “interval” funds because they do allow investors to withdraw funds, up to 5% of the overall fund’s net assets, at regular intervals. In the case of the Jetstream Venture Fund, we will allow for withdrawals every 6 months.
What makes this fund better than a traditional fund?
In traditional venture capital, fund managers (called General Partners or GPs) typically follow what’s known as a “2 and 20” model—charging a 2% annual management fee on the total fund size and taking 20% of all net profits as a performance fee (called “carried interest”).
That means in a traditional fund, even after a big win, 20% of your returns go straight to the fund managers.
Our Fund flips the script.
With the Jetstream Venture Fund, there are no carried interest fees—you keep 100% of the returns. We’re here to make you money, not take it from you. Every dollar of upside goes directly into your pocket, not ours.
What does evergreen mean?
In the context of investment funds, “evergreen” means that the fund has no predetermined end date or termination period. Traditional venture funds have a fixed lifespan (typically 10-12 years). Interval funds can continue to operate indefinitely. This provides greater flexibility and potential for long-term returns. For example:
– Long-term investment horizon: Investors can hold their investments for as long as they desire, without the pressure of a looming fund closure.
– Flexible investment strategy: The fund manager can make investments and hold them for as long as they believe is optimal, without being constrained by a predetermined exit timeline.
– Continuous capital raising: The fund can raise additional capital from investors, allowing it to scale its investments and seize new opportunities.
How is the structure of an interval fund different from a traditional fund?
Unlike traditional venture capital funds, this Fund has several distinct characteristics:
- Evergreen Structure: Interval funds do not have predetermined lifespans. This allows for investing at multiple stages and to hold investments until maturity without having artificial deadlines.
- Liquidity Twice a Year: The Jetstream Venture Fund allows investors two (2) opportunities each year to withdraw funds. Traditional venture funds employ a “call and hold” framework where money, once deposited, is locked-up until the fund ceases to exist.
- Diversified Investments: The fund invests in both private and public companies, and even other investment offerings like mutual funds, bonds, or debt instruments, offering a broader investment scope and the potential to reduce risk for investors.
- Accessibility: Venture capital funds are restricted to high net-worth individuals (usually a minimum net worth of between $1 and $5m). The Jetstream Venture Fund is available to almost anyone¹ in the United States who can meet the minimum investment.
¹Certain investors may be excluded from investing based on prior bad acts or based on money laundering objections. Investors do not need to be accredited but there are some limitations — provide a US social security number as a US person (i.e. US citizen or US resident alien) permitted to complete a Form W-9, US-domiciled bank account, US mailing address, US phone number.
Who is this fund for?
Traditional venture isn’t available to everyday investors. The Jetstream Fund has been created by professionals (lawyers, doctors, pilots, and business people) for professionals. That said, the Jetstream Venture Fund is for investors who take a long-term investment focus.
Is there an approval process?
There is a very short approval process, but almost anyone¹ with the minimum investment can invest with no approval process.
¹Certain investors may be excluded from investing based on prior bad acts or based on money laundering objections. Investors do not need to be accredited but there are some limitations — provide a US social security number as a US person (i.e. US citizen or US resident alien) permitted to complete a Form W-9, US-domiciled bank account, US mailing address, US phone number.
What is the redemption period?
There will be redemption periods where investors have the ability to withdraw their investments, with some restrictions, every six months. There will be a defined period of time where investors will be able to signal that they want all, or a portion of their money back.
Redemptions are capped at a maximum of 5% of the Fund’s net assets during each redemption period. For example, if the Fund’s Net Asset Value (NAV) is $10m, up to $500,000 is available for withdrawal in that period.
If total redemption requests are below the 5% cap, investors will receive the full amount they requested. However, if requests exceed the 5% cap, payments will be prorated based on overall demand. Any investor who does not receive their full requested amount can submit a request during the next redemption period.
What is your investment thesis?
We primarily focus on investing in early-stage, privately held technology companies. However, when compelling opportunities arise across the broader investment landscape—whether in private or publicly traded entities—we aim to incorporate them to enhance portfolio diversification. As a result, our portfolio strategy includes a thoughtful blend of both private and public companies. To see more details on our investment thesis, check our our prospectus.
What is NAV?
Net Asset Value (NAV) is similar to a stock price, except it reflects the value of the portfolio of companies we would invest in.
Is $5,000 the max I can invest?
No, once you’ve met the $5,000 minimum, you’re free to add $500 or more anytime. And your initial investment doesn’t have to be just $5,000—it can be any amount above that.
What are the fees?
The management fee is 2.9% of the Net Asset Value (NAV) and capped expenses/fees are 3% of the Net Asset Value (NAV).
How is tax reporting handled for The Jetstream Venture Fund?
Investors in The Jetstream Venture Fund receive a single Form 1099-DIV each year. This provides a simpler alternative to the K-1s that are common with traditional private funds, reducing complexity and making annual tax reporting more straightforward.