SPVC 06, a series of Spacestation Investments LP

Tim Holladay operates as sole named GP alongside an unnamed second GP, a structure that typically signals either a co-founder partnership with deferred filing disclosure or a single decision-maker with a co-GP serving an operational or compliance role; the absence of prior manager filings means this raise reveals no portfolio strategy, sector focus, or management approach beyond what the fund name implies.

A $3M target in June 2026 during a period of tightened early-stage funding and elevated startup failure rates reflects either a bootstrapped first fund designed for founder networks or a test vehicle ahead of a larger raise—the 506(b) exemption confirms pre-existing LP relationships rather than institutional LP sourcing.

Before committing, verify whether Tim Holladay has material venture operating experience (board seats, founder background, prior exits) outside the EDGAR record, confirm the identity and role of the unnamed second GP, and establish whether this $3M vehicle is expected to close or is a placeholder pending market conditions before a larger Series II filing.