# Sweater: Invest in Startups — Venture Capital Fund Investing > Venture capital fund investing for retail investors in startups. (iPhone/iPad app by Sweater LLC.) - Source: https://appshunter.io/ios/app/sweater-invest-in-startups/id1572894118 (this page in markdown: same URL + `.md`) - Developer: [Sweater LLC](https://appshunter.io/developer/1572894120) - Category: Finance, Lifestyle - Price: Free - Rating: 4.81/5 from 340 App Store ratings · 51 written reviews indexed - Age rating: 4+ - Requires: iOS 14.0 · 58 MB - Languages: English - Released: 2022-04-14 - Data updated: 2026-06-10 - Monetization: free with in-app purchases - User reviews in markdown: https://appshunter.io/ios/app/sweater-invest-in-startups/id1572894118/reviews.md ## What is Sweater? Are you ready to embark on an exhilarating journey into the world of venture capital investing? Look no further, because Sweater is here to ignite your passion for the future! Say goodbye to the days of limited access to venture capital investing. Sweater is revolutionizing the market, making it accessible to all retail investors craving a piece of the next groundbreaking company. Brace yourself for a remarkable journey! Our mission? To unleash a new wave of wealth creation through venture capital investing. The tech titans have reigned supreme for far too long, but now, we offer you the opportunity to invest in the next startups that will shape the future. Investing in such companies has traditionally been a daunting task for retail investors, but Sweater has turned the tables! With Sweater, our ultimate goal is to surpass the stock market by investing intelligently in the most promising venture capital-backed startups that are poised to reshape the world. While these investments may carry an element of risk in the beginning, the potential rewards can far outweigh those of conventional stocks. Brace yourself for a thrilling ride as Sweater takes the stage with its pioneering venture capital fund! Prepare to have your investing experience transformed by our revolutionary investing app, which places all the essential tools at your fingertips. Never before has investing in venture capital startups been this seamless and convenient. Sweater and its unrivaled VC fund, the Cashmere Fund, have made it a breeze! Joining the next triumphant VC-backed startup is simpler than you could ever imagine. Here's how: - Invest at your own pace: Begin with a one-time investment of $500 or go all-in with $500k. Accredited or not, Sweater welcomes everyone with open arms. We're the venture capital fund for every aspiring investor! - Watch your position flourish: Set up automatic monthly contributions and witness your stake in startups grow exponentially. Venture capital investing is a whole different ball game compared to crowdfunding or stock trading. It demands a long-term mindset, but the potential to create an exceptional passive income awaits you in retirement. - Leave it to us: As a fully-managed venture capital investing fund, we meticulously conduct due diligence on your behalf. Our team of skilled analysts and experts ensure a continuous flow of the most promising startups to propel your investments to new heights. - Embark on a portfolio adventure: Dive deep into the companies and startups you hold ownership in and witness Sweater's portfolio companies knit together the future. - Reap the rewards: Unlike traditional venture capital funds that keep your investments locked away for a decade or more, we offer periodic windows for withdrawal. Sweater always has your personal finance at heart! As you can see, Sweater opens up a world of possibilities for you to shape the future of the economy. Waste no time—download our app now and become an investor in the most triumphant startups of tomorrow! DISCLOSURE: The information in this presentation and the prospectus of Sweater Cashmere Fund are not complete and may be changed. We may not sell the Fund’s securities until the registration statement filed with the Securities and Exchange Commission is effective. This presentation is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1.888.577.7987 or emailing support@sweaterventures.com and should be read carefully before investing. All investing involves risks, and past performance is no guarantee of future results. ## Key features - Invest in venture capital startups - Accessible to all retail investors - Managed venture capital fund - Flexible investment amounts ($500 - $500k) - Automatic monthly contributions - Periodic withdrawal windows ## What do users think of Sweater? Overall sentiment: positive **Pros** - 💰 Low minimum investment ($500) democratizes venture capital access - 📱 Intuitive and easy-to-navigate app interface - 📚 Excellent educational content with informative videos - 🔄 Bi-annual redemption windows unique to venture investing - 👥 Responsive and helpful customer support team - 🎯 Transparent portfolio company information and fund strategy - ⚡ Seamless account setup and funding process - 📊 Clear NAV tracking and investment history visibility - 🤝 Founders actively engaged with and responsive to user feedback - 🎓 Great resource for beginners new to venture capital **Cons** - 💸 High management fees (6%+ of AUM) concerning for long-term returns - 🐛 App bugs and glitches despite improvements - 🔐 Password reset functionality issues - 📉 No historical NAV price graph available - 🔌 Doesn't integrate with account aggregators like Mint - ⏱️ Bi-annual redemption windows limit liquidity - 📞 Aggressive phone outreach during business hours - ❌ Charges users without explicit confirmation in some cases - 🚫 No clear way to delete stored bank account information - ⚠️ Launched as minimum viable product with rough edges **Commonly reported bugs** - Automatic charging without explicit user confirmation - Password reset functionality not working - Unexpected sign-outs with Face ID failures - Login screen clunkiness and error messages - Unable to access app for extended periods - No support option visible on login screen **Most requested features** - Historical NAV share price graph - Integration with account aggregators (Mint, etc.) - Marketplace for portfolio company coupons/ambassador programs - Clearer fee structure communication - Ability to delete stored bank account information - Better error messaging for technical issues - Performance-based fee structure to align manager and investor incentives ## Recent user reviews (10 of 51) All indexed reviews: https://appshunter.io/ios/app/sweater-invest-in-startups/id1572894118/reviews.md ### 5/5 — Best way to get into venture *2023-03-07* Love what Sweater has done. Generally you need to write a $250k check to be an LP in a fund. Sweater allows you to get in with just $500 and they open up bi-annual redemptions which is a first for venture. Usually have to wait 5-10 years until there’s a distribution. Low commitment way to dip your toe into venture - highly recommend. ### 5/5 — A new unique way to invest *2022-12-01, version 0.7.5* Sweater has been a great app. I think it’s important to not put all your eggs in one basket. VC can be risky, but if Sweater does their DD, then these investments should be sound. So far, everything has been great though. One thing I’d like to see added is a historical graph of the changes in NAV share price. ### 5/5 — Great app, time will tell about the returns *2022-07-30, version 0.3.2* Great app functionality so far. Gives me my daily NAV, education on VC funding, some “disruptor” content for new up and coming companies. If you read the prospectus, the management fees include a large chunk for marketing expenses, which obviously initially I understand is needed to get the kind of reach that is needed to make this a feasible operation. But having expenses potentially over 6% of AUM concerns me long term in eating away at any returns. Hopefully as the AUM grows, these fixed cost percentages will lower and they will build in a performance structure that better aligns both portfolio manager and investor incentives. **Developer response:** Thanks for your review! Worth pointing out, one of the nice things about how our Fund is structured, is we actually can NOT have expenses ever go over 5.98%, because our Expense Limitation Agreement prohibits it. In any period where expenses are exceptionally high, Sweater will forego part or all of our management fee (where our revenue comes from) in order to keep expenses at a predictable and reasonable level for our investors. It's true that investing in VC has higher costs than some other asset classes, like an index fund of publicly-traded stocks for example, but the historical returns on private companies balances out that cost across most time periods, which can make it a good addition to a well-balanced, diversified portfolio for a lot of folks (please consult a financial advisor if you're wondering whether it's a good fit for you!). ### 3/5 — Doesn’t yet pair w/ aggregators (Intuit’s MINT) *2022-07-28, version 0.3.2* Excited to see what’s next for Sweater. Taking a “John Bogle” Index Fund / ETF approach to VC is a long overdue innovation and opportunity to democratize private equity and diversify personal portfolios. So glad Sweater put such a focus on making a good app. Only complaint is that Sweater does not yet work with account aggregators like MINT from intuit. Means I have to add my Sweater investments manually so I know my financial status in real time and in detail. ### 5/5 — Opportunity *2022-07-27, version 0.3.2* I did not know much about Venture capital until I ran into this fund. I’m always looking for efficient ways to invest and diversify my portfolio and the sweater fund breaks it down in a simple way to understand with short informational videos. They are transparent with what you are getting into and the startups that will be in the fund. Overall the app is simple to use and simple to input automatic reinvestments for long term goals. They do have biannual redemption windows if you want to sell of your shares keep that in mind and don’t invest money that would you need in the short term. This fund is definitely for long term investors. **Developer response:** Thank you for your review! So glad you find the educational content valuable. ### 5/5 — Proud to be a Client *2022-07-25, version 0.3.0* I love that I can now diversify my personal portfolio into Private Equity. What Sweater is doing for the “common investor” is awesome and their transparency is refreshing. The app is also easy to use and Sweater’s staff are quick to help if you need it. I’m looking forward to seeing what they do next. ### 5/5 — Great starter for those just getting into VC *2022-07-25, version 0.3.0* I’ve never invested in VC before and found that this was a great way to start. The founders provide videos as to how the world of VC works and what different terms are used like NAV. The app has good functionality. No complaints there. ### 5/5 — Sweater makes investing in startups risk free *2022-07-24, version 0.3.0* Before sweater, I could only invest in Reg-A and Reg-cf seed rounds and had to research myself to determine the startups to invest money in. With sweater, the access to top tier startups without being an accredited investor has opened paths for another investing avenue. Thanks to Jesse for creating this. As always nothing is risk free but with a seasoned team to vet the startups, it feels a lot better than direct investments into startups. ### 5/5 — Invested! *2022-07-23, version 0.3.0* Super easy app to navigate. A wealth of information guiding you to make sure you understand before moving forward. The education videos and back story or provided was instrumental in my decision to move forward. I’ve been telling everyone that know about Sweater! This is what leveling the playing field for all of us means! Highly recommend!! ### 5/5 — Easy, Clean, Exciting *2022-07-23, version 0.3.0* I had heard of Sweater a few months ago and was instantly excited about the potential of the idea. When it launched I was sure to get involved as soon as possible. The idea is fantastic, team is great and the App interface is easy to understand. I have weekly reoccurring deposits set and excited to see what will happen over the coming weeks, months and years! ## Frequently asked questions about Sweater ### What is Sweater? Sweater is a mobile application that revolutionizes venture capital investing by making it accessible to retail investors. It allows users to invest in promising startups and a managed venture capital fund, aiming to surpass traditional stock market returns. ### How can I invest with Sweater? You can invest with Sweater by making a one-time investment ranging from $500 to $500,000. The app also allows for automatic monthly contributions to grow your stake in startups over time. It is designed to be accessible to both accredited and non-accredited investors. ### What are the risks and rewards of investing with Sweater? Investing in startups carries inherent risks, but Sweater aims to mitigate these by meticulously conducting due diligence on promising venture capital-backed companies. The potential rewards can significantly outweigh those of conventional stocks, offering the possibility of substantial wealth creation. ### Can I withdraw my investments? Yes, unlike traditional venture capital funds, Sweater offers periodic windows for withdrawal. This provides investors with more flexibility and access to their funds compared to longer lock-up periods often found in the venture capital space. ### Is Sweater available on all devices? The provided description does not specify compatibility with different operating systems (iOS or Android). However, it is presented as a mobile application, suggesting it is designed for smartphones and tablets. ## Version history (last 5 releases) ### 0.9.1 — 2024-10-08 Updates and minor improvements to make your experience better. ### 0.8.30 — 2024-04-29 - Security updates ### 0.8.28 — 2024-01-25 Bug fixes and security updates. ### 0.8.24 — 2023-10-10 - Updates to maintain security - Improvements to sign up flow - Bugfixes If you love Sweater, please leave a nice review. ### 0.8.23 — 2023-09-25 - Streamlining the process to sign up and complete a first investment - Give users more control over communication preferences in the settings - Add Venture Academy education videos - Bug fixes - Security updates ## Apps similar to Sweater | App | Rating | Price | Category | | --- | --- | --- | --- | | [Domain Money](https://appshunter.io/ios/app/domain-money/id1575799570) | 4.4 (294) | Free | Finance | | [Willow Wealth](https://appshunter.io/ios/app/willow-wealth/id1437754463) | 4.6 (1,637) | Free | Finance | | [PitchBook Mobile](https://appshunter.io/ios/app/pitchbook-mobile/id830609497) | 4.9 (1,048) | Free | Finance | | [StartEngine: Pre-IPO Investing](https://appshunter.io/ios/app/startengine-pre-ipo-investing/id1560434961) | 4.8 (6,508) | Free | Finance | | [Wefunder](https://appshunter.io/ios/app/wefunder/id1534355560) | 2.5 (21) | Free | Finance | | [EarlyBird: Invest & Celebrate](https://appshunter.io/ios/app/earlybird-invest-and-celebrate/id1517808320) | 4.6 (532) | Free | Finance | --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*