A venture studio fund that earns when founders earn.
17VLT backs solo founders with shipped AI-native products. We provide the operational infrastructure they can’t build alone — and participate in revenue, not equity.
IM available immediately. Financial model requires NDA. Confidential — for LP review only.
Classic VC writes checks into pre-revenue companies and waits years for an exit. We don’t.
AI tooling lets a solo developer ship in weeks what used to take a team of seven months to build. The bottleneck shifted — from building to operating. These founders have a working product. What they don’t have is publishing infrastructure, legal structure, marketing budget, banking, or CI/CD. Classic VC doesn’t solve that. It provides capital. These founders need infrastructure.
17VLT provides that infrastructure and takes a profit share tied to the product’s revenue milestones. No equity dilution. No board seat. The fund earns a larger share as the product scales through tiers — and deploys milestone grants ($100K–$300K) into products that have already demonstrated traction, not into early-stage bets. Capital flows into proven winners, not upfront speculation.
Revenue participation from month one.
No exit required to generate returns.
Fund structure
Full terms in the Investment Memorandum. Detailed financial model (Excel) available after NDA.
Two structural differences that change the cashflow profile.
Revenue from month one
Classic VC funds burn capital for years before any product generates revenue. The profit-share model produces fund cashflow from the first month a product launches — not from a single exit event. This structurally changes the J-curve.
Grants into winners, not bets
Milestone grants ($100K at T3, $200K at T4, $300K at T5) are deployed into products that have already crossed revenue thresholds. Capital is concentrated on proven winners — not spread equally across an early-stage portfolio hoping 1–2 will exit.
Peak cash draw: −$1.06M (Year 2). The fund has a real J-curve. Bear scenario modelled and available in the financial model.
Operators, not check-writers. Repeating what already worked inside AmberCore.
17VLT is operated by AmberCore Group · UAE-based technology and investment group.
Elias GanichevLinkedInGeneral ManagerSets the fund’s strategy and runs founder selection and onboarding — the first person a founder works with.
Igor AbrosimovLinkedInExecutive DirectorBuilder with an operator’s discipline: turns vague briefs into working systems across product, go-to-market and capital, and keeps founders and infrastructure pulling the same way.
Alex KumancevLinkedInTechnology OfficerCTO, 7+ years across telephony, fintech, crypto and AI. Built a Solana trading terminal, shipped LLM models, and scaled products 0→15K+ DAU on platforms at 10M MAU.
Eugene GoncharovLinkedInCommercial Officer3× CMO, 7× founder (2 exits). Broke apps into Google Play’s top-20 across 3 countries, drove $20M+ iGaming revenue, took crypto exchanges 0→20 BTC/day, and raised $5M+ across his portfolio.
Natalia PetrikovaLinkedInOperations OfficerOperations & Compliance lead, 8+ years across IT, AI and SaaS. Built compliance and ops infrastructure across UAE jurisdictions — full KYB/KYC, IP structuring and international contracts.
Two documents. One request.
Investment Memorandum
50+ pages. Fund thesis, model mechanics, tier table, risk matrix with financial impact, team backgrounds. No NDA required. Available same day.
Financial model
Full Excel model. Cashflow projections, milestone-grant schedule, IRR scenarios (Bear / Base / Bull). Requires NDA.
Follow-up call
45-minute call with the Managing Partner. Scheduled after IM review. No pitch — a working alignment conversation.