Aalo 31F2 a Series of Denver Ventures I LLC

The absence of prior EDGAR filings from this manager signals this is a first fund, meaning the $1M target is either a seed raise to establish track record before a larger continuation, or a deliberately small initial close to test strategy and LP relationships before scaling; the 06b exemption (pre-existing relationships only) confirms this is a relationship-driven launch rather than a public market entry.

Filing in May 2026 in a venture market that has been recalibrating allocations away from mega-rounds and toward early-stage and emerging manager vehicles creates a viable window for a debut fund, particularly if the GPs have recent exits or established networks from prior roles that are not yet public.

Before committing, verify whether Brett Sagan or LLC Sydecar have managing partner or carry rights in prior vehicles (check 506 filings, LinkedIn employment history, or prior fund documents), as first-time managers often obscure continuity of decision-making authority; also confirm whether the $1M is a hard cap or a placeholder for a larger raise that will be amended post-close.