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Overview:
Fictive Ventures is an early-stage, sector-agnostic venture fund investing $25K to $250K in Black-founded, tech-enabled startups. The fund aims to bridge the “friends and family” gap by providing idea and seed-stage founders with essential support and early capital, while building a community of Black angel investors. Fictive Ventures invests directly and leads SPVs to pool additional capital from existing LPs and external investors.

Fictive Ventures offers founders fractional executive talent, mentorship, mental health support, foundational go-to-market strategy guidance, access to operator networks, and a strong community of Black angel investors. For investors, Fictive provides education, co-investment opportunities, and a low minimum LP entry point, enabling the community to recycle wealth and expertise into future generations of founders.

Opportunity:
Fictive’s $5MM Fund I will deploy capital into 20-30 startups over 10 years. Fictive Fund I has a 3-year investment period and targets 3x net returns with a 20% IRR. Additionally, LPs are provided with:

• Investor education and community-building.

• Co-investment SPVs that allow LPs to deploy $1K+ into individual deals.

• A transparent, structured investment and scoring process.

Capital will be called in 20–25% installments over 24–30 months. The fund will charge a blended management fee of 2.5% and a 20% carry. The minimum check size per donor-investor is $25K.

Thesis:
Fictive Fund I is a $5MM early-stage venture fund investing in 20–30 Black-led tech and tech-enabled startups from idea-seed stages.

The fund is sector-agnostic but prioritizes high-growth opportunities in the following categories:

• AI Infrastructure and Tooling: “picks and shovels” for model hosting, data pipelines, and developer tools

• AI-First Verticals: legal, logistics, education, and other industry-specific AI solutions

• Climate Tech: emissions reduction, community adaptation, resilience

• Fintech and Financial Inclusion (tools narrowing wealth, credit, and access gaps)

• Digital Health and Wellness: improving access, affordability, outcomes

Fictive Fund I will deploy across:

• 5–10 Idea+ investments ($25K–$50K)

• 15–20 Pre-seed investments ($50K–$150K)

• 8+ Seed follow-ons ($100K–$250K)

• SPV co-investments ($250K+)

Fictive invests through both an opportunity lens and a founder lens. In doing so, they evaluate market inflection points, ecosystem leverage, business model viability, execution ability, and adaptability to determine alignment. They aim to identify under-networked Black founders building category-defining companies.

To be considered for investment, founders must exhibit the following:

1. Early validation, early traction signals, or a 10x improvement over existing solutions.

2. A business model capable of generating revenue within 12–24 months.

3. Scalable unit economics and clear potential for venture-scale outcomes.

4. Lived experience or differentiated insight into the customer problem.

5. Ability to execute through a strong GTM strategy and clear revenue plan.

6. Adaptability, resilience, and rapid learning orientation.

7. Alignment with Fictive’s collaborative, community-centered approach.

Track Record:
Fictive Fund I has not yet made any investments. However, the founding GPs have experience as angel investors, having collectively backed 13 seed to Series A startups. Fictive Fund I has secured commitments from over 30 LPs and expects to begin deploying capital in early Q1 2026.

Mission Alignment:

Fictive Ventures will provide initial "first check capital" to Black early-stage founders and foster a community of Black angel investors. By investing at the riskiest stages, connecting founders with experts, and offering co-investment through its angel group, Fictive Ventures delivers meaningful support. The fund takes a hands-on, community-focused approach, building its Black angel investor network through education and small-scale events. By guiding and connecting Black founders with Black angel investors, Fictive Ventures addresses funding disparities and promotes wealth creation for those with limited access to venture capital. These efforts closely align with Inspire Access’s mission to mobilize capital for underrepresented founders and support underserved communities.

Team: