Overview
Baird Venture Partners Management Company I, LLC (“Baird Venture I” or the “General Partner”), the registered investment
adviser, is a Delaware limited liability company. Baird Venture I was formed to provide “investment supervisory services” to its
clients, which were Baird Venture Partners I Limited Partnership (the “Main Fund”) and BVP I Affiliates Fund Limited Partnership
(the “Affiliates Fund”) and is Baird Venture Partners I (B) Limited Partnership (the “I (B) Fund”) (the “Partnership” or the “Fund,”
and together with any future private investment funds, “Private Investment Funds”). On January 26, 2018, Baird Venture Partners I
Limited Partnership and BVP I Affiliates Fund Limited Partnership made a final distribution to the limited partners of the respective
limited partnerships. On January 31, 2018, Baird Venture Partners I Limited Partnership and BVP I Affiliates Fund Limited Partnership
were dissolved.
Baird Venture I is also the general partner of the Fund (the “General Partner"), and has the authority to make the investment
decisions for the Fund and control the business and affairs of the Fund. The General Partner was formed by Venture Capital (“VC”),
the U.S. based venture capital group of Baird Capital (“BC”), the global private equity group of Robert
W. Baird & Co. Incorporated
(“Baird”). BC was founded in 1989 and is headquartered in Chicago, Illinois. Baird is the principal owner of Baird Venture I. Baird
Financial Corporation (“BFC”) owns 100% of Baird and Baird Financial Group, Inc. owns 100% of BFC.
The General Partner renders advice to the Fund, which was formed for the purpose of making investments in equity securities
of issuers in early and growth state venture capital opportunities. Equity securities means common stock, convertible preferred stock,
convertible debt, warrants, rights, and other interests in or convertible into the equity of an entity, and debt issued by an entity in which
the Fund holds or acquires any of the foregoing, other than securities listed on an exchange or traded in a recognized quotation service
or medium at the time of the acquisition by the Fund of such securities. As the General Partner provides advisory services to the Fund,
the General Partner does not tailor its advisory services to the needs of individual investors nor does it permit individual investors to
impose restrictions on investing in certain securities or types of securities. As of December 31, 2022, Baird Venture I managed $2
million on a discretionary basis and no assets on a non-discretionary basis.