The Team

General Partner

jim williamson - general partner of the puerto rico legacy fund

Jim Williamson

In 2005, Jim founded JPTC Energy with the proceeds from selling his Harley Davidson. As JPTC Energy prospered, he explored moving to Puerto Rico in 2012. It wasn’t until after he piloted a rescue mission out of Puerto Rico hours ahead of Hurricane Maria that he finally decided to make the move. Since arriving in 2018, Jim has been passionate about rebuilding and redefining Puerto Rico’s economic vibrancy through entrepreneurship. With roots in Colorado, Jim is also preparing to support the Colorado Legacy Fund.


david gulley - champion of the puerto rico legacy fund

David Gulley

ramphis castro - champion of the puerto rico legacy fund

Ramphis Castro

Adam Krim

Pablo Varela

The Problem

  • Approximately 2/3 of all venture capital invests in 3 metro-regions.
  • Entrepreneurs NOT in those communities struggle for funding and consequently, search for funding elsewhere.
  • Economic benefits of innovation are NOT geographically distributed.


86 of the nation’s largest 100 metros have either seen their share of the national (digital service jobs) sector go sideways or actually shrink since 2010.

– Brookings Institute

Why Entrepreneurs Care

  • Funding

    Startup CEO’s now have a defined, transparent path to funding and no longer have to search for funding outside of their hometown.

  • Time

    With a clear path to funding, entrepreneurs can dedicate more time to building their business and fostering relationships with those that care about their success rather than spend an exorbitant amount of time trying to entice investors.

  • Access

    Entrepreneurs should be visible to local investors in a way that rewards transparency and execution. A local funding vehicle provides entrepreneurs with access to investors that care about investing in their community.

Why Community Leaders Care

  • Community Foundations

    Want a better way to allocate their “legacy capital” that is more economically rewarding for their community and themselves.

  • Family Offices

    Want a better way to allocate their “legacy capital” that is more economically rewarding for their community and themselves.

  • Civic Minded Citizens

    Need a solution to confirm their role as leaders in contributing to their community’s economic growth and vibrancy.


The Legacy Funds platform is designed to mobilize the enlightened capital into regionalized ecosystems and reward the innovators, while providing a transparent, meritocratic path to funding. We make it easy to be part of the solution.

Branded Network of Funds


The Legacy Funds will provide a technology platform (‘Venture-as-a-Service) and brand to license standardize, localized, venture funds around the country.

Turn Key for General Partner

Each licensed fund will leverage the cloud-based infrastructure of

  • Fund Administration
  • Investor Relations
  • Company & Portfolio Analytics

and other resources to eliminate the burden of fund formation and management.

More Startups Supported

As a result, more investors in more communities can leverage the funding infrastructure to support innovation in the communities they care about.

SIFT® Method of Venture Portfolio Construction

Smart® IR

An expectation of proper transparency from startups seeking investment before funding, leveraging the research that confirms the link between transparency and startup performance.

Index Fund-like structure

Leveraging the research showing 100 companies equally weighted is the optimal seed fund structure.


Rather than merely picking companies, we filter them for funding based on consistent, transparent milestones that de-risk the selection for the fund without adverse signals of over-weighting or under-weighting investments.

Tax Optimization

Inclusion of both QSB §1244 and §1202 to optimize the after-tax risks and returns.

Regionalized Funding Portals

Local Focus

Each Legacy Fund will be established in specific regions (states, cities, towns), availing local entrepreneurs an on-line, transparent path to funding in their most localized Legacy Fund.

Clear Funding Path

The Legacy Funds will present a transparent and efficient path to funding for entrepreneurs. The criteria to qualify for funding will be clearly outlined, thereby eliminating most of the subjectivity associated with current funding processes.

Follow On Funding

Due to the required use of AngelSpan’s best in class Investor Relations Service, the funded entrepreneurs will also have a built-in list of investors (the Limited Partners) that will have access to the Monthly Updates – should those investors want to invest directly in the startup outside the fund.


You Can Leave Your Legacy

invest in the puerto rico legacy fund

Invest in the Puerto Rico Legacy Fund and build upon your legacy


Apply for funding from the Puerto Rico Legacy Fund

Apply for Funding