Throughout 2023, the IC remains active and vibrant, monitoring our portfolio, evaluating literally dozens of opportunities, and choosing when to invest. Our efforts to attract new members were successful resulting in three new members. Of course, we want all 48 members to continue to participate as they have in the past.

The nine-member Steering Committee is comprised of me, Greg Fell and seven active members. This group has done an incredible job of continuously identifying new ventures and collectively screening them. We meet every other Wednesday, and all members are welcome to attend.

In the first six months of this year, the IC completed investments in Ottometric and, most recently, in Versus Games.  We have several more attractive opportunities including Life Guides which are being considered so there is still time to get in on the action.

The details on all companies, presentations, current valuations and the performance of your individual portfolio can be found at Seraf-Investor.com.  Contact me if you need help gaining access.

We continue to encourage all members (past and present) to top off their account with $15,000 and to stay in the game.  We want more of your expertise and insights during selection, as well as input and guidance for the startups in which we invest. Bring us new opportunities, add capital, or simply join in the conversation.

To withdraw and receive a distribution of your remaining capital, send me a written request confirming your current address and I will issue a check. Please note you cannot withdraw invested capital.  

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

Joseph A. Puglisi

Chairman & Co-Manager

NAIC 2

(914) 623-8508