Aether House Pattaya — Limited Partners

The Opportunity

Aether House Pattaya is a selective builder residency on a luxury beachfront in Pattaya, Thailand. We bring together high-agency builders — developers, indie hackers, researchers, and founders — to ship ambitious projects in an environment optimised for deep work and extraordinary living. The program is fully sponsored for residents. In exchange, the House takes a 10% economic interest in work originating from the residency.

Limited Partners commit capital to fund cohort operations and receive a pro-rata share of the resident equity pool — a diversified basket of equity, SAFE notes, and revenue rights across every project shipped under the Aether House roof during their LP term. Conceptually it is a micro-accelerator, structured as a simple Singapore-domiciled LP arrangement operated by Fling.AI Pte. Ltd.

Key Terms at a Glance

• Vehicle: Singapore-domiciled; operated by Fling.AI Pte. Ltd. (UEN 202329897K).
• LP commitment: $25,000 – $250,000 suggested; larger tickets considered; drawable over 12 months.
• What LPs receive: pro-rata share of the resident equity pool across every funded cohort.
• Resident grant: 10% economic interest per resident — SAFE, founder-share assignment, or revenue share, layered to match commercial reality.
• Carry / fees: 20% carry to manager; no management fee on AUM (GP and Community Manager salaries are disclosed op-ex).
• Term: 7 years, plus two one-year extensions.
• Reporting: a single monthly show-and-tell call where residents demo what they shipped. Recording shared with LPs.
• Jurisdiction: Singapore law; SIAC arbitration.
• Tail on resident grants: 24 months after residency departure.
• Optional Partner Fund Track: carry slice on partner-VC cheques (Iterative-style $10K validation).

→ Full term sheet — legal structure, equity safeguards, operations model, and budget breakdown

FAQ

Common questions from prospective LPs. Each answer is a short version — the full term sheet has the detailed mechanics.

How can investors track progress of the projects being developed?

One monthly show-and-tell call. Residents demo what they shipped that month — code, customers, fundraising, whatever they have to show. LPs are invited to attend live, and the recording is shared afterward. Residents are contractually obliged to participate, which is also how we surface anyone who isn’t shipping so they can be replaced. That’s it — no monthly written reports, no quarterly call, no dashboard. The work itself is the report.

What is the formal agreement between Aether House, builders, and investors?

A clean two-agreement structure with Fling.AI Pte. Ltd. (Singapore) at the centre as counterparty. Every resident signs the Aether House Founder Agreement before move-in (the instrument that grants the 10% economic interest, with IP back-stop). Every LP signs the Aether House LP Agreement at subscription (commits capital, allocates pro-rata share of the resident pool after carry). Singapore law; SIAC arbitration. Definitive docs are drafted off the term sheet by Fling.AI’s Singapore counsel.

What safeguards protect investors if a builder starts a project during residency but completes it after leaving?

Five overlapping mechanisms — the same standard YC, Antler, and South Park Commons companies already sign:

• Prior Inventions and Outside Obligations Schedule — filed before move-in. Pre-existing projects, patents, and continuing employment are categorically excluded from the 10% grant (standard IIAA Schedule A pattern).
• Residency Project Schedule — canonical monthly-updated list of what the resident is actually building on-site, counter-signed by the GP. That’s the in-scope record.
• 24-month tail — anything on the schedule that is incorporated, financed, acquired, or commercialised within 24 months of departure is deemed a residency project. The 10% applies.
• “Materially worked on” test — code commits, prototypes, customer interviews, or fundraising materials during the stay are in scope. Maintenance on a pre-existing codebase or weekend work on a personal blog is not. The full term sheet lists concrete examples plus a seven-row scenarios table.
• Audit rights — reserved for cases where it looks like a former resident is re-launching a residency project under a different brand. Disputes go to SIAC arbitration in Singapore.

Do builders mostly work solo, or is collaboration expected?

Both happen. Roughly 70/30 solo-to-collaborative across comparable residencies, and we expect Aether House to look the same. The 10% applies to each resident’s share of a project, so two residents co-founding 50/50 means the House gets 10% of the company in aggregate (5% from each founder’s stack) — collaboration is not penalised. And it is realistic for a serious builder to ship a meaningful project solo within a 1–6 month residency, especially in AI tooling, crypto/DeFi, and indie SaaS. The cohort is there for product feedback, network, and serendipity — not as a required co-founder pool.

Are you focused exclusively on crypto, AI, and adjacent sectors, or open to other projects?

Primarily crypto/DeFi, AI, and indie SaaS — that’s where our target founder pool is concentrated and where a 1–6 month shipping cycle is realistic. We’d consider any high-agency software or digital builder with a serious idea. What we don’t fit are deep-tech projects requiring labs, hardware fabrication, or long regulatory runways — the residency structure isn’t right for those.

Next Steps

1. Read the full term sheet.
2. Express interest via info@fling.asia.
3. Schedule a 30-minute call to discuss commitment size, cohort allocation, and whether you want the standard LP slot or the Partner Fund Track.
4. Execute the definitive LP Agreement (drafted by Fling.AI’s Singapore counsel).
5. Join the next monthly show-and-tell once your cohort starts.

— Michael B. Currie
Founder, Aether House Pattaya · Director, Fling.AI Pte. Ltd. · letsmakethefuture.org