Past financial results are no guarantee of future performance. Click here for important information regarding Financial Projections which are not guaranteed.
Investments in private companies are particularly risky and may result in total loss of invested capital.
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured.
Space Exploration Technologies Corp. (“SpaceX”), Perplexity AI Inc. ("Perplexity") and X.AI Corporation ("xAI") are entirely unaffiliated with these offerings. Specifically the companies have not reviewed, approved, authorized, endorsed, sponsored, or consented to any aspect of this security, marketing material, or transaction structure.
The Fund
A multi-asset SPV that covers a diversified venture spectrum in one investment vehicle
Through this SPV, Witz Ventures is providing accredited investors with access to a type of diversified multi-asset fund that’s typically reserved for institutional investors and venture capital funds.
The barbell strategy balances capital in two equal allocations at different phases of the venture spectrum:

50% is devoted to early stage companies in The Cashmere Fund, the venture firm whose influential co-investors include NFL MVP Josh Allen. The holdings include Beast Industries, the parent of Mr. Beast’s media and product empire
50% is split evenly across private shares of three later stage private companies in the fast-growing aerospace and AI industries: xAI, SpaceX, and Perplexity
Witz Ventures CEO Austin Hankwitz reaches millions of investors through his extensive media network including the Rich Habits Podcast and Rate of Return Newsletter. Witz Ventures has been actively investing across a variety of high-growth industries since 2020 – including AI software, AI hardware, the creator economy, and fintech. Their portfolio companies include: Apptronik, Capacity, Figure, Function Health, Stan, Telly, and 25+ more.1
Austin was also named a Top 10 TikTok Finance Influencer by stockbrokers.com.2 Austin has transformed complex topics like investing and wealth-building into engaging, community-driven content.
1 https://www.thecashmerefund.com/venture-fund
2 https://www.stockbrokers.com/education/tiktok-finance-influencers
The Cashmere Fund allocation
Access to Cashmere’s early-stage portfolio of growing brands
50% of your investment will go to The Cashmere Fund’s existing portfolio of 38 investments, which spans pre-seed to Series C companies. The Cashmere Fund leverages platforms and personal brands to support startups through brand building, influencer connections, and purposeful engagement.

The Cashmere Fund is notable for its influential co-investors including three Buffalo Bills stars: Josh Allen, the 2024 NFL MVP; safety Damar Hamlin, whose foundation blends youth empowerment and social impact; and former Pro Bowl center Eric Wood. Jenna Lyons rounds out the main partner team, currently Executive Creative Director at FundamentalCo and former Creative Executive Director for J.Crew.
Investment examples include:
Beast Industries. The holding company behind Jimmy “MrBeast” Donaldson’s expanding ecosystem of content, consumer products, and software. With 440M+ YouTube subscribers and ~3B monthly views,3 the company transforms creator-driven attention into a variety of products.4
De Soi. This collection of sparkling non-alcoholic apéritifs is crafted through a collaboration between Katy Perry and award-winning distiller Morgan McLachlan.5
Graza. An omni-channel olive oil company that sells premium extra-virgin olive oils in proprietary, first-to-market squeeze bottles.6
The Dyrt. A consumer subscription software for camping and one of the largest sources for campground information throughout the United States.
Stonks. The technology platform creates a network of investors and accelerators through live demo day events including Techstars, Plug & Play, and 500 Global.7
An entire portfolio of influence-driven companies

Investing alongside notable entrepreneurs and VC firms
Through its portfolio companies, The Cashmere Fund is following the lead of a diverse group of influential and high-profile individuals. The Fund participates alongside notable entrepreneurs and VC firms including:
Richard Branson, the British entrepreneur and adventurer behind the Virgin Group
Mark Cuban, an entrepreneur, investor, and outspoken television personality from the hit investing show, “Shark Tank”
Andreessen Horowitz (a16z), a leading Silicon Valley venture capital firm, known for its early stage technology and AI investments
Google Ventures (GV), the venture capital arm of Alphabet Inc., launched in 2009 to support innovative founders and companies at every stage
Creative Artists Agency (CAA), a pioneering global talent and sports agency that represents the world’s leading performers, athletes, and brands
Draper Associates, a Silicon Valley-based, early-stage venture capital firm known for backing emerging innovations in areas like crypto, AI, space, and biotech.

3 https://vidiq.com/youtube-stats/channel/UCX6OQ3DkcsbYNE6H8uQQuVA/
4 https://www.tubefilter.com/2025/02/27/mrbeast-holding-company-investment-5-billion/
5 https://drinkdesoi.com/pages/about-us
6 https://www.packagingstrategies.com/articles/96673-proprietary-squeeze-bottles-inspired-by-chef-tools
7 https://500.co/content/stonks-spices-up-digital-demo-day
The Later Stage Allocation
Three high-profile, category defining AI-driven companies
The other 50% of the SPV will be allocated to three high-growth potential, category-defining, companies: xAI, SpaceX, and Perplexity with private company shares acquired through DataPower Ventures.
Elon Musk’s xAI aims to build safe, aligned artificial intelligence with the explicit goal of “understanding the true nature of the universe.” xAI benefits from integration with X, giving it an immediate user base of over 580 million monthly active users.8 The Grok 4 platform outperformed Gemini, OpenAI, and Google on key tasks, including overall artificial analysis intelligence index and a major reasoning benchmark.9
Over the last decade, SpaceX has transformed the aerospace industry by driving down launch costs, scaling satellite networks, and redefining how humans and cargo reach orbit. The company’s centerpiece, Starlink, is rapidly expanding its constellation of satellites delivering broadband internet across the globe. With over 7 million subscribers,10 Starlink is on pace to generate $11.8 billion in annual recurring revenue in 2025.11 SpaceX also continues to dominate the launch industry thanks to the Falcon 9, the most flown, reliable rocket in history.
Perplexity is an AI-powered search engine that delivers real-time, verifiable responses to user queries. Their platform serves roughly 30 million monthly users and processes 780 million queries per month.12 The company's most recent round raised $200 million at a $20 billion valuation.13 Driven by multiple revenue channels, they’ve achieved an annualized run rate of $148 million.14 With 800% year-over-year growth, Perplexity has captured 5.6% of the generative AI chatbot space and now competes directly with giants like OpenAI and Google.15
8 https://explodingtopics.com/blog/x-user-stats
9 https://the-decoder.com/musk-unveils-grok-4-as-xais-new-ai-model-that-beats-openai-and-google-on-major-benchmarks/
10 https://www.techloy.com/starlink-crosses-7-million-subscribers-globally/
11 https://www.ainvest.com/news/starlink-space-economy-spacex-reshaping-global-connectivity-investment-landscapes-2507/
12 https://sacra.com/c/perplexity/
13 https://techfundingnews.com/perplexity-raises-200m-at-20b-valuation-ai-search/
14 https://sacra.com/c/perplexity/
15 https://sacra.com/c/perplexity/
Offering Structure
RWC 1 Multi-Asset Vehicle – Structure & Fee Overview
This memo outlines the structure and associated fees of the RWC 1, A Series of CGF2021 LLC investment vehicle (the “Vehicle”). The offering provides investors with access to a diversified basket of private technology assets through a multi-layer SPV structure managed and administered by experienced partners. The goal of this structure is to streamline investor access to multiple high-profile opportunities while maintaining transparent and clearly defined economics across each layer.
Overview of Structure
The investment employs a multi-layer SPV framework designed to efficiently route investor capital to underlying portfolio companies. Depending on the destination asset, the structure consists of either two or three layers:
- Three-Layer Structure: Used for xAI, SpaceX, and Perplexity AI, where DataPower Capital Partners manages the first-layer SPVs that hold direct cap-table positions.
- Two-Layer Structure: Used for The Cashmere Fund, which does not include a DataPower-managed layer.
Layer 3 – Investor Vehicle
Entity: RWC 1, A Series of CGF2021 LLC
Manager: Hankwitz Group LLC
Fees:
- Management Fee: 0%
- Carried Interest: 0%
- Placement Fee: 5% (OpenDeal Broker LLC – broker services)
- Organizational Fee: $10,500 (Sydecar – split pro-rata among investors)
Description: Layer 3 is the investor-facing entity through which commitments are made. Managed by Hankwitz Group LLC, the vehicle charges no ongoing management or performance fees. OpenDeal Broker LLC receives a 5% one-time placement fee, and Sydecar charges a fixed $10,500 organizational fee allocated proportionally among participants.
All net proceeds from Layer 3 flow into the multi-asset allocation vehicle at Layer 2.
Layer 2 – Multi-Asset Allocation Vehicle
Entity: RH FUND 1 2025, A Series of WITZ VENTURES LLC
Manager: Hankwitz Group LLC
Layer 2 functions as the allocation and deployment vehicle. It aggregates capital from Layer 3 and deploys it across multiple assets. Certain allocations (xAI, SpaceX, Perplexity AI) invest indirectly through DataPower-managed SPVs that provide cap-table access; others (The Cashmere Fund) invest directly.
Target Allocations:
- 50.0% — The Cashmere Fund (Two-Layer)
- 16.6% — xAI (Three-Layer)
- 16.6% — SpaceX (Three-Layer)
- 16.6% — Perplexity AI (Three-Layer)
Layer 1 – DataPower Vehicles (Three-Layer Allocations Only)
Manager: DataPower Capital Partners
For xAI, SpaceX, and Perplexity AI, the second-layer vehicle invests through a DataPower Capital Partners SPV that holds direct equity on the respective company’s cap table. These SPVs enable indirect investor exposure to otherwise inaccessible private rounds. DataPower charges a one-time pass-through fee but no carried interest.
Underlying Investment Fee Summary
1. The Cashmere Fund (50% Allocation – Two-Layer)
Structure: Layer 3 → Layer 2
- Upfront Management Fee: 0%
- Recurring Management Fee: 2.5% annually
- Carried Interest: 0%
- Organizational Fee: $10,000 (split pro-rata)
- Pass-Through Fees: 0%
- Approx. Net Investible Capital (per $750K raised): $332,225
2. xAI (16.6% Allocation – Three-Layer)
Structure: Layer 3 → Layer 2 → DataPower Capital Partners (Layer 1)
- Upfront Management Fee: 10% (one-time)
- Recurring Management Fee: 0%
- Carried Interest: 5%
- Organizational Fee: $10,000 (split pro-rata)
- Pass-Through Fee (DataPower Capital Partners): 0%
- DataPower Carried Interest: 0%
- Approx. Net Investible Capital (per $750K raised): $94,675
3. SpaceX (16.6% Allocation – Three-Layer)
Structure: Layer 3 → Layer 2 → DataPower Capital Partners (Layer 1)
- Upfront Management Fee: 4% (one-time)
- Recurring Management Fee: 0%
- Carried Interest: 5%
- Organizational Fee: $10,000 (split pro-rata)
- Pass-Through Fee (DataPower Capital Partners): 6% (one-time)
- DataPower Carried Interest: 0%
- Approx. Net Investible Capital (per $750K raised): $94,675
4. Perplexity AI (16.6% Allocation – Three-Layer)
Structure: Layer 3 → Layer 2 → DataPower Capital Partners (Layer 1)
- Upfront Management Fee: 5% (one-time)
- Recurring Management Fee: 0%
- Carried Interest: 5%
- Organizational Fee: $10,000 (split pro-rata)
- Pass-Through Fee (DataPower Capital Partners): 5% (one-time)
- DataPower Carried Interest: 0%
- Approx. Net Investible Capital (per $750K raised): $95,032
Illustrative Example – $10,000 Commitment
To demonstrate the layered economics, the following summarizes how a $10,000 investment would flow through the structure:
- Initial Commitment: $10,000
- Less 5% Placement Fee (Layer 3): $9,500
- Less Pro-Rata Share of Organizational Fee ($10,500): ≈ $140
- Net Investment into RH Fund 1 2025: ≈ $9,360
- Allocation of Funds:
The Cashmere Fund: ≈ $4,680
xAI: ≈ $1,550
SpaceX: ≈ $1,550
Perplexity AI: ≈ $1,550
- After Layer 2 & Layer 1 Fees: Total investible capital across all assets equals approximately $8,220, or ~82% of the original commitment (based on modeled fee assumptions).
Disclosures
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDealBroker LLC dba the Capital R ("ODB"). OpenDeal Broker LLC is compensated in cash commission by RWC 1 A SERIES OF CGF2021 LLC. Company will pay OpenDeal Broker LLC: a 5% placement fee for the dollar value of the securities sold to Investors pursuant to the combined proceeds of the Offering (as such terms are defined in the offering engagement agreement between ODB and RWC 1 A SERIES OF CGF2021 LLC.
RWC 1 A SERIES OF CGF2021 LLC has engaged ODB to conduct an offering ("the offering") of LLC Interest issued by RWC 1 A SERIES OF CGF2021 LLC to eligible persons on the Republic platform (the "Platform").
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured.
Diversification does not guarantee a profit or protect against losses.
Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th Floor, New York, NY 10010, please check our background on FINRA’s BrokerCheck. Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.
https://www.finra.org/#/
https://www.sipc.org/
This Offering is limited solely to Purchasers who are “accredited investors” as defined in Regulation D. To be eligible to participate in the Offering, you will be required to represent to the Company in writing that you are an accredited investor and must have provided a third-party certification attesting to such status as required by Rule 506(c). You must also represent in writing that you are (i) purchasing the Subscription Agreements for your own account and not for the account of others and not with a view of reselling or distributing the subscription agreement, and (ii) not from countries which the Office of Foreign Assets Control has deemed a “sanctioned” country.
In order to qualify as an “accredited investor,” a potential Purchaser must meet one of the following conditions of the date on which the Subscription Agreement is executed and as of the date of the purchase:
(i) Individual – Income Test. An individual who had an income in excess of $200,000 in each of the two most recent years (or joint income with his or her spouse in excess of $300,000 in each of those years) and has a reasonable expectation of reaching the same income level in the current year;
(ii) Individual – Net-Worth Test. An individual who has a net worth (or joint net worth with his or her spouse) in excess of $1,000,000 (excluding the value of such individual's primary residence);
(iii) IRA or Revocable Company. An Individual Retirement Account (“IRA”) or revocable Company and the individual who established the IRA or each grantor of the Company is an accredited investor on the basis of (i) or (ii) above;
(iv) Self-Directed Pension Plan. A self-directed pension plan and the participant who directed that assets of his or her account be invested in the Partnership is an accredited investor on the basis of (i) or (ii) above and such participant is the only participant whose account is being invested in the Partnership;
(v) Other Pension Plan. A pension plan which is not a self-directed plan and which has total assets in excess of $5,000,000;
(vi) Irrevocable Company. An irrevocable Company which consists of a single Company (a) with total assets in excess of $5,000,000, (b) which was not formed for the specific purpose of investing in the Partnership, and (c) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment;
(vii) Corporations and Other Entities in General. A corporation, partnership, limited liability Company or Massachusetts or similar business Company, that was not formed for the specific purpose of acquiring an interest in the Partnership, and which has total assets in excess of $5,000,000; or
(viii) Entity Owned by Accredited Investors. An entity in which all of the equity owners are accredited investors. OpenDeal Broker LLC is a New York limited liability company. Neither OpenDeal Broker LLC nor Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by the Company.






