# Mobius

Mobius is an Asset Manager based in Houston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** getmobius.io
- **LinkedIn:** https://www.linkedin.com/company/mobiusjs

## Regulatory record

- **CRD number:** 328238
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328238

## About

Mobius is a state-registered investment adviser in Houston, TX. It has one office with one employee and one investment adviser.

## People

- David Mindell — Co-Founder & CEO
- Steve Meier — Co-Founder
- Nathan Baschez — Co-Founder
- Alex Ly — Co-Founder

## Questions

### How does Mobius provide liquidity for private company investments?

Mobius uses a 1940 Act interval fund structure that offers quarterly redemptions of up to 5% of the fund's outstanding shares. This allows investors to exit positions periodically rather than waiting for portfolio companies to IPO or get acquired. The fund also maintains a liquidity sleeve of cash and public securities to meet redemption requests without being forced to sell private shares at unfavorable prices.

### Who co-founded Mobius and what is their professional background?

David Mindell, formerly an investor at Andreessen Horowitz, co-founded Mobius alongside Steve Meier, Nathan Baschez, and Alex Ly. Mindell's venture capital background provided the sourcing network for secondary transactions, while the technical co-founders built the operational infrastructure for the registered fund vehicle. The team's combined experience spans institutional investing and product engineering.

### What types of companies does the Mobius fund hold?

The Mobius Venture Capital Interval Fund holds secondary shares and some direct primary investments in late-stage, venture-backed private companies. Public filings indicate exposure across enterprise software, fintech, digital health, and space infrastructure. The fund also allocates capital to other venture capital funds for additional diversification beyond its direct holdings.

### Is Mobius a venture capital firm or an asset manager?

Mobius operates as a registered asset manager running an interval fund, though its investment activity resembles venture capital. The firm purchases secondary shares of private companies and participates in primary rounds, but the vehicle itself is a state-registered investment company — not a traditional venture capital fund. This structure imposes daily valuation, board oversight, and liquidity requirements not typical in venture.

### How does Mobius source its secondary private company shares?

Mobius sources secondary shares through direct relationships with employees, former employees, early investors, and venture capital firms holding positions in late-stage private companies. The firm's co-founder network, built in part at Andreessen Horowitz, provides access to deal flow. The fund also purchases interests in other venture funds on the secondary market to broaden its portfolio exposure.

### What regulatory requirements does Mobius face that traditional venture firms do not?

As a state-registered interval fund, Mobius must comply with the Investment Company Act of 1940, including daily NAV calculations, annual audited financials, a board of directors with independent members, and restrictions on illiquid holdings. Traditional venture capital firms that rely on exemptions from registration under ERISA or the Investment Company Act do not face these same requirements, giving Mobius a differentiated compliance and reporting burden.

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Last updated: 2026-08-14T12:30:00.000Z

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