MAGIC Fund

MAGIC Fund is an early-stage venture capital firm based in Los Angeles, distinguished by its unique "by founders for founders" investment model. Established to leverage the collective experience and networks of successful entrepreneurs, the firm primarily focuses on pre-seed and seed-stage startups. Unlike traditional VC firms, MAGIC Fund operates as a distributed network of founders who act as both limited partners and active advisors, providing capital and strategic guidance to a new generation of entrepreneurs.

The firm's investment strategy centers on identifying promising startups at their earliest stages, offering initial checks that typically range from $100,000 to $500,000. Beyond capital, MAGIC Fund provides significant value-add through its extensive network of over 100 active founders and operators. This network offers portfolio companies unparalleled access to mentorship, operational expertise, and connections crucial for early growth. The emphasis is on hands-on support, helping founders navigate the challenges of scaling, product-market fit, and subsequent fundraising rounds.

Since its inception, MAGIC Fund has demonstrated substantial growth and impact within the startup ecosystem. The firm has consistently raised $30 million for each of its core funds, reflecting a steady and focused approach to early-stage investing. As of early 2024, MAGIC Fund has invested in over 200 companies globally, showcasing its broad reach and commitment to diverse sectors. A testament to their effective support system, their portfolio companies have collectively gone on to raise over $1 billion in follow-on funding, underscoring the firm's ability to identify and nurture high-potential ventures.