REJECTEDWALL #218
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/218
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RCIF II - Five bullet Friday - Issue # 33
Hi Bhoopathy Garu,
Our Crypto Savings Note is offered at 18% per annum, paid on monthly basis.
And s a follow up to our conversation, you can see our latest deck here and all the rules of our partnership are governed by th
Private Placement memorandum as seen here.
We reached the legal limit of 99 investors in the Rose City Income fund 1. That fund is closed for new
investors. We have launched a new and improved version which is more hedged to the volatility of the
crypto asset market. You can see our subscription document for Rose City Income Fund II attached .
Our fund administrator is Intertrust group (www.intertrustgroup.com), which administers close to $500
billion. Our legal counsel is Seward & Kissel ( www.sewkis.com ). If you are interested in investing via
Crypto Savings note, I attached the format of an executed promissory note.One of our portfolio
holdings, $YFI token is expected to launch their version 2 protocol this month. Similarly, Synthetix is
also expected to launch futures on their platform this month. We have a number of positive catalysts
that are just around the corner. We have been consistently able to generate 44% yield from our
investments, as seen in our Retained earnings. This is a great time for new investors to enter the
crypto asset market.
Due to the remarkable growth of our fund, it has recently undergone some developments to help
accommodate and service our partners at a better rate. The major development being accepting a
minimum of $1 Million as an entry level investment in RCIF II. This is primarily because of the
excessive demand and limited slots available, and doing so will allow the fund to grow at an
appreciable rate as was seen till now. A lot of our future investors who are family, friends and relatives
of our current partners were a little disheartened to hear this, but considering this fact, we value all our
investors equally and regardless want to provide an opportunity for each one of them to grow.
Sam and I had been brainstorming this aspect for a while and due to the sudden increase in incoming
investors and support towards a smaller initial capital, we have decided to move forward with a new
venture, created specifically for these investors.We have Seneca Ventures LLC ( SVL) and this LLC
will take one slot in the fund and we intend to onboard all the new investors who come with an
investment less than $1 Million through SVL . Basically SVL will provide all the services which the
current fund admin/ management is providing with a 0.41667% management fee on NAV per month
Hi Bhoopathy Garu,
Our Crypto Savings Note is offered at 18% per annum, paid on monthly basis.
And s a follow up to our conversation, you can see our latest deck here and all the rules of our partnership are governed by th
Private Placement memorandum as seen here.
We reached the legal limit of 99 investors in the Rose City Income fund 1. That fund is closed for new
investors. We have launched a new and improved version which is more hedged to the volatility of the
crypto asset market. You can see our subscription document for Rose City Income Fund II attached .
Our fund administrator is Intertrust group (www.intertrustgroup.com), which administers close to $500
billion. Our legal counsel is Seward & Kissel ( www.sewkis.com ). If you are interested in investing via
Crypto Savings note, I attached the format of an executed promissory note.One of our portfolio
holdings, $YFI token is expected to launch their version 2 protocol this month. Similarly, Synthetix is
also expected to launch futures on their platform this month. We have a number of positive catalysts
that are just around the corner. We have been consistently able to generate 44% yield from our
investments, as seen in our Retained earnings. This is a great time for new investors to enter the
crypto asset market.
Due to the remarkable growth of our fund, it has recently undergone some developments to help
accommodate and service our partners at a better rate. The major development being accepting a
minimum of $1 Million as an entry level investment in RCIF II. This is primarily because of the
excessive demand and limited slots available, and doing so will allow the fund to grow at an
appreciable rate as was seen till now. A lot of our future investors who are family, friends and relatives
of our current partners were a little disheartened to hear this, but considering this fact, we value all our
investors equally and regardless want to provide an opportunity for each one of them to grow.
Sam and I had been brainstorming this aspect for a while and due to the sudden increase in incoming
investors and support towards a smaller initial capital, we have decided to move forward with a new
venture, created specifically for these investors.We have Seneca Ventures LLC ( SVL) and this LLC
will take one slot in the fund and we intend to onboard all the new investors who come with an
investment less than $1 Million through SVL . Basically SVL will provide all the services which the
current fund admin/ management is providing with a 0.41667% management fee on NAV per month
which will be spent on engaging a professional CPA firm for the required services. All the required
documents pertaining to SVL will be transparently shared with the investors.
Some of the services SVL will provide to the investor but not limited to are highlighted below:
A monthly statement issued by fund admin to the SVL will be shared with all the
investors
SVL will facilitate the dividend distributions amongst all partners on a monthly basis
SVL will receive the fund admin statement and split it amongst all the partners in
accordance with the high-watermark rules within 5 business days
Since SVL is investing in an open ended fund, we might have new investors joining the
fund and the equity has to be rebased accordingly and updated on a regular basis
SVL will receive a Schedule K-1 for the RCIF II. It will be divided amongst all the
partners with the help of our CPA firm and distribute Schedule K-1 to all partners
Accounting and tax filing of SVL is done to carry the LLC operations
forward, irrespective of one continuing to stay in the fund or redeeming
from the fund, this will allow other investors to continue and new
investors to join.
Hope this is an amicable solution we can provide at this juncture facilitating
prospective investors into this booming asset class. Find the attachments to
move forward.
Subscription Document
Operating Agreement
Kyc/ Client background verification checklist
Bank details for the funds transfer.
Thanks & Regards
Ravishankar Avadhanam
Director of Business Development & Operations
Ph:630-536-4115
www.rosecityfund.com
Please use my calendar for scheduling meetings
https://calendly.com/ravi-69
Thanks & Regards
1.
2.
3.
4.
5.
1.
1.
2.
3.
1.
documents pertaining to SVL will be transparently shared with the investors.
Some of the services SVL will provide to the investor but not limited to are highlighted below:
A monthly statement issued by fund admin to the SVL will be shared with all the
investors
SVL will facilitate the dividend distributions amongst all partners on a monthly basis
SVL will receive the fund admin statement and split it amongst all the partners in
accordance with the high-watermark rules within 5 business days
Since SVL is investing in an open ended fund, we might have new investors joining the
fund and the equity has to be rebased accordingly and updated on a regular basis
SVL will receive a Schedule K-1 for the RCIF II. It will be divided amongst all the
partners with the help of our CPA firm and distribute Schedule K-1 to all partners
Accounting and tax filing of SVL is done to carry the LLC operations
forward, irrespective of one continuing to stay in the fund or redeeming
from the fund, this will allow other investors to continue and new
investors to join.
Hope this is an amicable solution we can provide at this juncture facilitating
prospective investors into this booming asset class. Find the attachments to
move forward.
Subscription Document
Operating Agreement
Kyc/ Client background verification checklist
Bank details for the funds transfer.
Thanks & Regards
Ravishankar Avadhanam
Director of Business Development & Operations
Ph:630-536-4115
www.rosecityfund.com
Please use my calendar for scheduling meetings
https://calendly.com/ravi-69
Thanks & Regards
1.
2.
3.
4.
5.
1.
1.
2.
3.
1.
Ravishankar Avadhanam
Director of Business Development & Operations
Ph:630-536-4115
www.rosecityfund.com
Please use my calendar for scheduling meetings
https://calendly.com/ravi-69
From: vihaari vihaari.net <[email protected]>
Date: Thursday, September 23, 2021 at 10:22 AM
To: Sam Ikkurty <[email protected]>
Cc: Ravi Avadhanam <[email protected]>
Subject: Re: RCIF II - Five bullet Friday - Issue # 33
Ravi/Sam,
Are there any other new funding opportunities coming in? I would like to know the
latest interest rate on CSN. Please let me know as soon as possible. I have some funds
coming in and would like to invest.
Thanks,
Bhoopathi Doniparthi
From: Sam Ikkurty <[email protected]>
Sent: Friday, September 17, 2021 4:39 PM
To: Rose City Fund II <[email protected]>
Cc: Ravi Avadhanam <[email protected]>
Subject: RCIF II - Five bullet Friday - Issue # 33
Director of Business Development & Operations
Ph:630-536-4115
www.rosecityfund.com
Please use my calendar for scheduling meetings
https://calendly.com/ravi-69
From: vihaari vihaari.net <[email protected]>
Date: Thursday, September 23, 2021 at 10:22 AM
To: Sam Ikkurty <[email protected]>
Cc: Ravi Avadhanam <[email protected]>
Subject: Re: RCIF II - Five bullet Friday - Issue # 33
Ravi/Sam,
Are there any other new funding opportunities coming in? I would like to know the
latest interest rate on CSN. Please let me know as soon as possible. I have some funds
coming in and would like to invest.
Thanks,
Bhoopathi Doniparthi
From: Sam Ikkurty <[email protected]>
Sent: Friday, September 17, 2021 4:39 PM
To: Rose City Fund II <[email protected]>
Cc: Ravi Avadhanam <[email protected]>
Subject: RCIF II - Five bullet Friday - Issue # 33
Dear Partners,
All of you should have received the fund statements for the month of August. In the month of August,
RCIF II grew by 27.56% (before fees). Based on the value of our portfolio currently, we are up by 35-40%
already so far in the month of September. Let us keep our fingers crossed to see how the market performs in
the second half of this month.
1. This week I have added a new position to our portfolio called, KlimaDAO. It is a decentralized
autonomous organization, that is focused towards reducing global CO2 emissions. This is modeled after
OlympusDAO and is a fork of OlympusDAO. We were involved in the OlympusDAO (OHM) token from day
one of the project and turned out to be very profitable, as you can see from our retained earnings sheet that
we generated $28 Million income from it. Blockchains have enabled global coordination amongst many
individuals to replace our current petro-dollar with a currency that is backed by carbon credits.
All of you should have received the fund statements for the month of August. In the month of August,
RCIF II grew by 27.56% (before fees). Based on the value of our portfolio currently, we are up by 35-40%
already so far in the month of September. Let us keep our fingers crossed to see how the market performs in
the second half of this month.
1. This week I have added a new position to our portfolio called, KlimaDAO. It is a decentralized
autonomous organization, that is focused towards reducing global CO2 emissions. This is modeled after
OlympusDAO and is a fork of OlympusDAO. We were involved in the OlympusDAO (OHM) token from day
one of the project and turned out to be very profitable, as you can see from our retained earnings sheet that
we generated $28 Million income from it. Blockchains have enabled global coordination amongst many
individuals to replace our current petro-dollar with a currency that is backed by carbon credits.
2. You could imagine KlimaDAO as a protocol that incentivizes the absorption of CO2 offsets from public
markets to use them as collateral in Web3 and DeFi applications.If you like to get a high level overview,
please read Klima Manifesto. OHM's treasury is backed by DAI. In the case of KlimaDAO it is backed by
carbon credits. Many large companies have pledged to acquire carbon credits in order to offset their carbon
footprint from manufacturing and business operations.
markets to use them as collateral in Web3 and DeFi applications.If you like to get a high level overview,
please read Klima Manifesto. OHM's treasury is backed by DAI. In the case of KlimaDAO it is backed by
carbon credits. Many large companies have pledged to acquire carbon credits in order to offset their carbon
footprint from manufacturing and business operations.
3. KlimaDAO did a fund-raising via the Balancer platform. They raised $17.53 million in 3 days and issued
114,000 tokens. We are acquiring the protocol at a market valuation of $17.53 million. We acquired 1199
AKLIMA tokens at a price around $230. If this project is successful, it could be valued in hundreds of
billions of dollars. We will be able to stake our KLIMA tokens similar to OHM and receive staking rewards.
This is not listed on any exchange yet.
4. This week I watched the movie, 'Ready Player One', which is available on Amazon Prime. I recommend all
of you to watch this movie, if you want to understand how the metaverse could evolve and how intertwined it
is to our lives. This movie showed a dystopian reality and a vibrant metaverse. We made two large bets that
are focused on the growth of metaverse and NFT markets. One is YGG and the second is AGLD (Adventure
Gold).
5. I continued to add to our Loot (Adventure) bags last week. The creator of Loot is a game designer called
Dom. All of his previous projects were very successful. What is unique about Loot is that the creator
provided a blank canvas for any game developer, musician, nft creators to use these on-chain NFTs anyway
they please. This is unleashing creativity at an exponential pace. See all the new Loot derivative projects that
are getting launched.
Recently when I travelled with Ravi Avadhanam to the AKMG Doctor's conference in Atlanta. Our
presentation was covered in Asia TV and broadcasted in India. You can see our video clip here. Our video
starts at 5:09.
Have a wonderful weekend!
Sam Ikkurty
114,000 tokens. We are acquiring the protocol at a market valuation of $17.53 million. We acquired 1199
AKLIMA tokens at a price around $230. If this project is successful, it could be valued in hundreds of
billions of dollars. We will be able to stake our KLIMA tokens similar to OHM and receive staking rewards.
This is not listed on any exchange yet.
4. This week I watched the movie, 'Ready Player One', which is available on Amazon Prime. I recommend all
of you to watch this movie, if you want to understand how the metaverse could evolve and how intertwined it
is to our lives. This movie showed a dystopian reality and a vibrant metaverse. We made two large bets that
are focused on the growth of metaverse and NFT markets. One is YGG and the second is AGLD (Adventure
Gold).
5. I continued to add to our Loot (Adventure) bags last week. The creator of Loot is a game designer called
Dom. All of his previous projects were very successful. What is unique about Loot is that the creator
provided a blank canvas for any game developer, musician, nft creators to use these on-chain NFTs anyway
they please. This is unleashing creativity at an exponential pace. See all the new Loot derivative projects that
are getting launched.
Recently when I travelled with Ravi Avadhanam to the AKMG Doctor's conference in Atlanta. Our
presentation was covered in Asia TV and broadcasted in India. You can see our video clip here. Our video
starts at 5:09.
Have a wonderful weekend!
Sam Ikkurty
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StatusREJECTED
Posted2026-04-14T08:15:43.000Z
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