We create financial products that give technology founders faster liquidity, downside protection, and institutional-grade wealth creation — years before a traditional exit.
When a company gets hot, its carefully built cap table starts to unravel — right as an IPO comes into view. The squeeze hits on three fronts at once. Here's how the best operators get ahead of it.
Read →The founder takes the most risk, works the most hours, and stands last in line to get paid. Everyone else at the cap table negotiated themselves a floor. Here's the case that founders should too.
Read →The most common pushback we hear on founder downside protection is that it dulls the incentive to perform and makes founders soft. The venture math says the opposite — it actually makes them more likely to succeed. And so does the academic literature.
Read →Technology founders have created more wealth in the last thirty years than any force in economic history. And yet the financial products available to them were designed for failure — not success.
Isn't it time we built financial products for founders that assume they will succeed — not fail?
The most valuable thing we can do for the future of humanity is make it financially viable for more people to try to change the world.
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.George Bernard Shaw
Every major leap forward in food security, clean energy, climate science, manufacturing efficiency, and medicine has started with a founder willing to bet everything on an idea. The companies attacking the world's most important problems — sustainable protein, grid-scale storage, carbon capture, AI-accelerated drug discovery — are almost universally startups. Not government programs. Not corporate R&D. Founders.
And yet the financial reality of becoming a founder is designed to deter exactly the people we need most. The expected value of founding a startup is financially negative: below-market salary for years, a greater-than-60% chance of total loss, and no access to your equity for over a decade even if it works. The rational decision — for someone talented enough to build world-changing things — is to take a safer path. Most of them do.
We built Rising Tide to change that calculus. Not to make founding risk-free — it shouldn't be — but to make the downside survivable, the timeline to liquidity shorter, and the wealth creation real before you've already won. If we can shift the financial math even modestly — less catastrophic downside, real liquidity years before a traditional exit, access to wealth-creation tools that don't require a nine-figure outcome to unlock — we believe significantly more people will make the leap.
And if significantly more talented people make that leap? More startups working on food security. More companies attacking climate. More founders pushing on energy, manufacturing, medicine. That's not just a financial return on our products — that's why we built this firm.
Our GoalBy making the calculus of becoming a founder an order of magnitude better, we'll help the world get an order of magnitude more startup founders.
Each product is designed to directly tackle the challenges of becoming a founder by Accelerating your Time To Liquidity, Decreasing your Downside Risk, and Increasing your Upside Potential.
Starting a company means locking up your wealth for a decade or more while taking on immense risk of failure. The EFLF gives exceptional founders a way to access meaningful liquidity from their private company holdings — without losing control, or triggering a taxable event. Perhaps more importantly, it also brings unparalleled downside protection - even in the event your startup fails, your EFLF holdings still retain value.
Think of it as solving the founder's two core financial dilemmas: 1. you've created enormous value on paper, but you can't pay your mortgage with a cap table; while 2. If your company fails you are left with nothing. We've built a structure that solves both of these problems: early liquidity availability coupled with downside protection.
Building a company is the most asymmetric bet most people will ever make — roughly six-in-ten chance of nothing. The EFDPF changes the terms of that bet. Pledge up to 10% of your founder stock to Rising Tide today, and if your company fails within ten years, we pay you back 100% of the pledged value in cash. Your voting rights are returned via proxy — you stay fully in control.
The mathematical exchange is simple: you give up a fixed fraction of your upside on every successful exit, and in return you eliminate the catastrophic zero outcome from your distribution entirely.
By Series C, your shares may be worth eight figures on paper — but concentrated late-stage stock is a binary bet. One bad down-round can wipe out years of value under layers of liquidation preference.
The ECLF lets exceptional Series C+ founders, executives, and early employees diversify a slice of that position into a pool of 50–75 elite US private companies. At this stage, the math doesn't raise your expected return — it dramatically reduces your chance of losing, converting a concentrated binary risk into a reliable, predictable outcome.
A closed-end fund that invests follow-on capital into the most promising companies already in the Rising Tide ecosystem — the same startups behind the EFLF and ECLF pools. Every LP is a startup founder. The investment committee is composed entirely of successful founders. The companies receive capital from a source they already trust, with LPs who can add genuine operational value rather than just a check.
For the founders in the fund, it unlocks access to venture-grade returns that would ordinarily require a nine-figure exit to reach. And the entry barrier is lower than it sounds: founders can roll their existing EFLF or ECLF positions directly into their FFOF LP stake — converting paper ownership in the pool into a stake in a fund built for top tier wealth-creation returns.
Market-making — the business of providing liquidity by quoting both sides of a trade and earning the spread — is one of the most consistently profitable businesses ever built. Jane Street, Citadel Securities, and Virtu have generated over $35 billion in annual net trading revenue doing it in public markets.
The Rising Tide Liquidity Fund does it in a place they can't: the gap between public and private market pricing. A closed-end fund for accredited investors offering returns uncorrelated with both public equity and private equity performance, The Liquidity Fund brings the predictable returns of market-making but with exposure to volatility across markets that was previously never possible.
The hardest part of building a new financial product isn't having the idea — it's having the infrastructure, regulatory expertise, distribution relationships, and capital access to actually launch it.
The Skunk Works is our internal startup studio and platform for financial product entrepreneurs. If you have a genuinely novel idea for a post-AI financial product and the expertise to build it, we provide the ecosystem — compliance, capital, technology, and market access — to make it real.
Rising Tide was founded by a team with multi-decade backgrounds across both the public and private markets — collectively having managed multiple billions of dollars across market cycles, asset classes, and geographies.
We've worked inside the institutions that set the rules of modern finance. We understand why those rules exist — and exactly where they break down in the world that's coming.
That combination of deep institutional knowledge and a willingness to build outside its constraints is what makes the products we build possible. Others aren't building these products because the existing financial industry profits from founders staying locked up, illiquid, and exposed to catastrophic risk. We built this firm to be the financial partner that startup founders have never had.
We respond to every serious inquiry