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SEC EDGAR · Form D
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VC  · May 15, 2026  · 06b

Hustle Fund IV DC VC, LP

Offering
$2.0M
Analysis

This is the second dedicated vehicle in the Hustle Fund series—the prior Hustle Fund IV closed in March 2025—indicating the GPs are running a continuation or parallel strategy rather than consolidating capital into a single flagship; the 'DC VC' designation and much smaller $2M target relative to prior vehicles suggests either geographic or LP-class segmentation, likely a sidecar for a specific investor cohort or a test vehicle for a new market thesis.

The three named GPs (Bahn, Koh, Yin) running back-to-back vehicles within 14 months signals active deployment velocity and confidence in follow-on fundraising; the 06b exemption across both filings confirms this manager operates on pre-existing LP relationships rather than public marketing, a structure typical of established micro-VCs with steady repeat LPs.

Filing in May 2026, 14 months after Hustle Fund IV's March 2025 close, aligns with a standard deployment cycle for seed-stage funds (typically 18-24 months to capital call and deploy); the timing also occurs during a period of repricing in early-stage venture, when smaller, focused vehicles with lower check sizes can move capital efficiently into companies mid-seed correction.

Verify whether the prior Hustle Fund IV has a stated final close date and whether this DC vehicle is truly parallel or a continuation—the 14-month gap and $2M size could indicate an extended raise window, a continuation vehicle, or a placeholder filing; also confirm whether the three named GPs are bound by key-man language in either vehicle that could flag concentration risk if any depart.

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Eric Bahn · Shiyan Koh · Elizabeth Yin
SEC EDGAR →
0002129029-26-000001