Throughout 2022, the IC has remained active and vibrant, monitoring our portfolio, evaluating literally dozens of opportunities, and continuing to invest.

Our partnership has become all that Len Hafetz, our founder, envisioned. We continue our efforts to attract new members and invite former and existing members to continue to participate as you have in the past.

As you know, we have a Steering Committee comprised of the co-managers, Greg Fell and me and seven active members. This group has done an incredible job of continuously identifying new ventures and collectively screening them.

In 2022, we scheduled many presentations and conducted evaluations of products or services, as well as the management team, founder, market strategy, spending plans, competition and other factors that can mitigate risk and contribute to success of a startup.  

This year we had several exit events returning capital to our members.  New investors in Allwork offered to purchase all outstanding notes and we benefited with a 1.5x return. We also invested in one new company; Legends of Learning and provided additional financial support to Puraclenz.  The details of these companies, their performance and the performance of your portfolio can be found at the Dashboard – Investors Collaborative | Seraf-Investor.com.  Contact me if you need help gaining access.

We invite all members (past and present) to add $15,000 before the end of the year to stay in the game.  We continue to develop a pipeline of interesting new ventures and want more of your expertise and insights during selection, as well as input and guidance to the startups in which we invest.  To do this, we need you and added capital. To withdraw and receive a distribution of your remaining capital, send me a written request with your current address.

We hope you will be inspired to participate or to refer others you know who may also want to join us.

Joseph A. Puglisi

Chairman & Co-Manager

NAIC 2

(914) 623-8508