MAGIC Fund operates as a "fund of micro-funds" run by repeat founders, with 10-12+ founder-GPs distributed across regions like Africa, LatAm, US, Europe, and Asia, rather than using a single centralized partnership structure. They built this model on the thesis that "smaller funds run by founders perform best" at pre-seed/seed stage, deliberately keeping check sizes small and empowering many founder-GPs instead of growing into a traditional large VC platform.
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