The Spool: 🧵2024 Kickoff

Happy January! We have a great edition of The Spool in store for you today - it's a 4-minute read.In January’s edition:

  • A note from Jesse Randall, Sweater’s CEO 🙋
  • Exciting updates from Cashmere Fund portfolio companies 💼
  • Looking for a new job? We’ve got you covered 💻
  • Meet Achal Patel, co-founder and CEO of Cabinet Health 🏥

So let's dive in!

But First… A note from Jesse Randall, Sweater’s CEO

As the CEO of Sweater, I couldn’t be happier to welcome you to what is going to be a very exciting 2024! As a part of your financial journey, we are striving to make your investment in the Cashmere Fund an outstanding bright spot for you in 2024. Together, let's look toward the year ahead for Sweater Inc. and its Cashmere Fund.

First, Sweater Inc.’s strategy is quickly evolving. Each of you has helped to prove to the investment world that Public VC Funds like the Cashmere Fund are a force to be reckoned with. You have unlocked the opportunity for the general public to invest into the private markets like never before.This expansion strategy will allow qualified partners to raise VC funds with a similar structure to the Cashmere Fund on our platform, enabling access for accredited and non-accredited investors to the private market.

This won’t just be for venture capital but for any alternative asset class that has traditionally been cordoned off from you, the public-- including private credit, commercial real estate, art, and many more.During the last 18 months, macroeconomic indicators greatly affected venture capitalists’ outlooks for the startups they invest in. Now the tables have turned and it's the venture capitalists in the power seat with founders across from them—this includes the Cashmere Fund.

Read Jesse's entire note here.

Port Co’s in the Wild

News 🗞️

Cabinet Health and Target are officially official! On your next Target run, keep your eyes peeled for Cabinet’s over-the-counter, sustainably packaged medicines displayed near the pharmacy in over 500 stores or shop online.

Congrats to Lolita Taub, GP of Ganas Ventures, for making LAVCA's list of Top Women Investors in Latin American Tech 2023!

In a recent episode of StartUp Health NOW’s Podcast, Colby Takeda, founder & CEO of Pear Suite shared recent updates and explained what excites him about the community health worker space. StartUp Health NOW Podcast celebrates the innovators, industry leaders, and entrepreneurs who are reimagining health and wellness. Listen here.

Hearth introduced 75 new features in 2023, making Hearth Display run smoother and faster behind the scenes. From Privacy Mode to SMS AI-assistant, Hearth Helper, Hearth’s team has been hard at work. Drop 3 is sold out, but you can join the waitlist for the next release here.

Jobs 🚀

Sweater, On-Demand 📖

Get your Sweater fix on-demand. To view our entire library of on-demand content, click here.

Founder Spotlight 🔎
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Achal Patel, co-founder and CEO of Cabinet Health, is revolutionizing the pharmacy aisle one bottle at a time with a refillable and compostable medicine system. Along with ​​his co-founder Russ Gong, Achal is on a mission to harness the pharmaceutical industry as a force to combat plastic waste and broader climate change.

Achal graduated from the University of Virginia with a Bachelor of Arts in Foreign Affairs, History, and Pre-Health while participating in Student Entrepreneurs for Economic Development and Jefferson Public Citizens. In his five years at Deloitte, Achal gained experience building their innovation arm, focusing on a capability to enable their clients to drive core business outcomes concurrently with social and environmental impact.

Since launching their over-the-counter products online via their website, Grove Collaborative, and Amazon as well as in select CVS and Target stores, Cabinet Health has moved one step closer to tackling the healthcare industry plastics crisis. A crisis that generates nearly 190 billion single-use plastic medicine bottles every year, more than 95% of which end up in landfills and oceans. Now they are taking on prescription drugs through Cabinet Health Rx. We can’t wait to see the impact Cabinet Health has on the $1.48 trillion dollar pharmaceutical industry and the environment.

Want to invest in Cabinet Health and other innovative start ups? Click here to make your initial investment in the Cashmere Fund.

The Takeaway 💡

As we step into 2024, the Sweater Team is very excited for the journey ahead.

Our Investment Team is hard at work assessing potential new investment opportunities. Our Member Experience Team is collaborating with founders to provide you with opportunities and experiences to engage with Cashmere Fund portfolio companies. Meanwhile, our Product and Engineering Team is working tirelessly to develop new features for you to enjoy.

Want to learn more about the Cashmere Fund? Click reply to send our Member Experience Team your questions.

We couldn’t be more excited to welcome 2024, and wish you a prosperous, healthy, and happy New Year!

The Spool
Written by
The Sweater Team
Published on
February 7, 2024
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Disclosure: Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1-888-577-7987 or by visiting the Fund’s website at Please read the prospectus carefully before investing. All investments involve risks, and past performance is no guarantee of future results.