Day One Ventures SPV Starpath a Series of CGF2021 LLC

The presence of two named GPs (LLC Sydecar and Brett Sagan) with zero prior EDGAR filings signals this is either Day One Ventures' first formal SEC filing despite potentially operating informally, or Brett Sagan is a new partner being introduced to the fund structure—both warrant clarification on decision-making authority and any key-person dependencies.

A $7M raise filing in mid-2026 occurs in a venture environment where larger funds face extended deployment timelines; smaller, focused SPVs are filing to capture specific opportunities or follow-on commitments while minimizing dry powder drag, suggesting Day One is betting on selective deployment rather than broad platform raising.

Before committing, verify whether this SPV has a key-person clause tied to Brett Sagan specifically, and confirm Sydecar's role—whether it is the administrative/platform entity or a GP partner with equal discretion—since the two-entity GP structure creates ambiguity around veto rights and exit decision-making.