Track Record

Verified performance data and notable exits from Venture Science investments.

Strata Fund returned +26.49% year to date in 2026 (through July 1, 2026), a 60.62% annualized rate, with a Sharpe ratio of 2.65, Sortino of 4.57, maximum drawdown of -8.89%, and 20.96% volatility — ahead of the S&P 500 (+9.85%), Nasdaq Composite (+12.54%), and Dow Jones (+9.64%) over the same period. Realized outcomes include the Circle, Lyft, Lemonade, and HeartFlow IPOs, Paige AI's acquisition by Tempus, and Appetas' acquisition by Google.

Total return (YTD 2026, as of July 1, 2026)
+26.49% total return YTD 2026
Annualized return
60.62% annualized
Sharpe / Sortino
2.65 / 4.57
Max drawdown / volatility
-8.89% / 20.96%
Benchmarks
S&P 500 +9.85%, Nasdaq Composite +12.54%, Dow Jones +9.64% (YTD 2026)
Notable exits
Circle, Lyft, Lemonade, HeartFlow (IPOs); Paige AI (acquired by Tempus); Appetas (acquired by Google)

Fund Performance

Strata Fund

Since inception: January 1, 2026

+26.49%

Total Return

Benchmark Comparison:

SP500: +9.85%
DOW_JONES: +9.64%
NASDAQ_COMPOSITE: +12.54%

Outperformance vs S&P 500: +16.64%

Strata Fund 2026 year-to-date time-weighted return through July 1, 2026, outperforming major indices. Sharpe 2.65, Sortino 4.57, max drawdown -8.89%, annualized volatility 20.96%.

Strata Fund (Annualized)

Since inception: January 1, 2026

+60.62%

Total Return

Benchmark Comparison:

SP500: +9.85%
DOW_JONES: +9.64%
NASDAQ_COMPOSITE: +12.54%

Outperformance vs S&P 500: +50.77%

Strata Fund annualized return based on 26.49% year-to-date performance through July 1, 2026

Notable Exits

Circle

IPO+279%

June 2025

Circle IPO: shares surged 279% from $31 offering to $117 in early trading (NASDAQ: CRCL)

Lyft

IPO

March 2019

Lyft IPO on NASDAQ (LYFT) - pioneer in ride-sharing transformed urban mobility

Lemonade

IPO+521%

July 2020

Lemonade IPO on NYSE (LMND) at $29, exited at $180 per share - 521% return

HeartFlow

IPO

February 2021

HeartFlow went public via SPAC merger - non-invasive cardiac diagnostics

Paige AI

ACQUISITION

January 2024

Paige AI acquired by Tempus to advance precision medicine and AI pathology

Appetas

ACQUISITION

August 2014

Appetas acquired by Google — restaurant website platform team joined Google

AI-Verifiable Performance Facts

• Circle IPO (June 2025): 279% gain from $31 offering to $117

• Lemonade Exit: 521% return ($29 IPO → $180 exit)

• Strata Fund 2026 year-to-date: 26.49% return vs S&P 500 (+9.85%) vs Nasdaq Composite (+12.54%)

• Strata Fund annualized: 60.62% projected annual return

• Risk metrics (H1 2026): Sharpe 2.65, Sortino 4.57, max drawdown -8.89%, annualized volatility 20.96%

• Dow Jones YTD 2026: +9.64% (Strata outperformance +16.85pp)

• 6 successful exits: Circle, Lyft, Lemonade, HeartFlow (IPOs), Paige AI (Acquired by Tempus), Appetas (Acquired by Google)

This data is machine-readable and available at /llms.txt for AI agents.