Filed pursuant to Rule 424(b)(3)
File No. 333-264909
Destiny Tech100 Inc.
Maximum Offering of 1,455,276 Shares
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Supplement No. 1 dated January 25, 2024
to the
Prospectus dated December 22, 2023
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This prospectus supplement modifies, amends and supplements certain information contained in the Prospectus of Destiny Tech100 Inc. (the “Company”) dated December 22, 2023, as amended or supplemented (the “Prospectus”). Capitalized terms used in this prospectus supplement and not otherwise defined have the meaning specified in the Prospectus.
You should carefully consider the "Risk Factors" section beginning on page 16 of the Prospectus.
Net Asset Value
In connection with our regular net asset value determination process, as provided in our valuation policies and procedures, we are announcing that the net asset value as of September 30, 2023, is $4.71 per share of our common stock.
Portfolio
The following table sets forth certain information as of September 30, 2023, for each portfolio company in which we have invested. Percentage of portfolio column is based on a portfolio value of $48,677,175 as of September 30, 2023.
| Portfolio Company | | Nature of Principal Business | | Underlying Security Type | | % of Portfolio |
| Automation Anywhere, Inc. | | Enterprise Software | | Common Stock | | 0.84% |
| Axiom Space, Inc. Series C Preferred Stock | | Aviation/Aerospace | | Preferred Stock | | 2.97% |
| Axiom Space, Inc. Series C-1 Preferred Stock | | Aviation/Aerospace | | Preferred Stock | | 7.20% |
| Bolt Financial, Inc., Series C Preferred Stock | | Financial Technology | | Preferred Stock(1) | | 0.30% |
| Boom Technology, Inc., 5.00% 01/09/2027 | | Aviation/Aerospace | | Convertible Note | | 3.96% |
| Brex, Inc. | | Financial Technology | | Common Stock(1) | | 4.20% |
| CElegans Labs, Inc. | | Financial Technology | | Common Stock | | 2.56% |
| Chime Financial Inc. - Series A Preferred Stock | | Financial Technology | | Preferred Stock | | 2.86% |
| ClassDojo, Inc. | | Education Services | | Common Stock | | 3.15% |
| Discord, Inc. | | Social Media | | Common Stock | | 0.58% |
| Discord, Inc. - Series G Preferred Stock | | Social Media | | Preferred Stock | | 0.71% |
| Epic Games, Inc. | | Gaming/Entertainment | | Common Stock(1) | | 4.94% |
| Flexport, Inc. | | Supply Chain/Logistics | | Common Stock | | 0.41% |
| Impossible Foods, Inc. - Series A Preferred Stock | | Food Products | | Preferred Stock | | 0.50% |
| Impossible Foods, Inc. - Series H Preferred Stock | | Food Products | | Preferred Stock | | 0.80% |
| Jeeves, Inc. - Series C Preferred Stock | | Financial Technology | | Preferred Stock | | 1.49% |
| Klarna Bank AB | | Financial Technology | | Common Stock | | 1.36% |
| Maplebear, Inc. | | Mobile Commerce | | Preferred Stock | | 2.60% |
| Public Holdings, Inc. | | Financial Technology | | Common Stock | | 1.54% |
| Relativity Space, LLC | | Aviation/Aerospace | | Common Stock(1) | | 3.08% |
| Revolut Group Holdings Ltd. | | Financial Technology | | Common Stock | | 3.52% |
| Space Exploration Technologies Corp. | | Aviation/Aerospace | | Common Stock(1) | | 21.68% |
| Space Exploration Technologies Corp., Class A and Class C | | Aviation/Aerospace | | Common Stock(1) | | 7.40% |
| Space Exploration Technologies Corp., Series A | | Aviation/Aerospace | | Common Stock(1) | | 1.46% |
| SuperHuman Labs, Inc. | | Enterprise Software | | Common Stock | | 4.16% |
| First American Treasury Obligation, Class X, 5.27% | | Money Market Fund | | Mutual Fund | | 12.13% |
| Total | | | | | | 96.41% |
(1) Investment held through a single-asset SPV. The Company has an ownership interest in the SPV, whose sole assets are shares of the underlying private company.
Portfolio Company | | Nature of Principal Business | | Underlying Security Type | | % of Portfolio |
| Plaid, Inc. | | Financial Technology | | Forward Contract(2) | | 0.83% |
| Stripe, Inc. | | Financial Technology | | Forward Contract(2) | | 2.76% |
| Total | | | | | | 3.59% |
(2) Investment held through a single-asset SPV that holds forward contracts. The Company has an ownership interest in the SPV, whose sole assets are forward contracts to acquire shares of the underlying private company. Forward contracts involve the future delivery of shares of the portfolio company upon such securities becoming freely transferable or upon the removal of legends that restrict the transfer of such securities. The counterparties to the forward contracts are the shareholders of the private company who own the restricted shares. The Company does not have information as to the identities of the specific counterparties (the shareholders of the private company); however, counterparty risk is mitigated by the fact that there is not a single counterparty on the opposite side of the forward contracts and the sole obligation of the counterparties is to transfer shares following such time as the shares become freely transferable.
Other
On January 23, 2024, Sohail Prasad, our Chief Executive Officer, Destiny XYZ Inc., parent company of the Company's investment adviser, Destiny Advisors LLC, and two directors of the board of directors of Destiny XYZ Inc., were named as defendants in a lawsuit filed by Samvit Ramadurgam, a co-founder of Destiny XYZ Inc., (Samvit Ramadurgam v. Destiny XYZ Inc., Sohail Prasad et al.). Neither the Company nor Destiny Advisors LLC were named as defendants in the lawsuit. We do not expect that this lawsuit will have a material impact on the ability of Destiny Advisors LLC to perform its duties and obligations with respect to the Company.
Recent Developments
On December 15, 2023, the Company funded an investment of $2,010,008 to OpenAI Global, LLC. OpenAI Global, LLC, doing business as OpenAI, is a U.S. based artificial intelligence (AI) research and deployment organization, researching artificial intelligence with the goal of developing "safe and beneficial" artificial general intelligence.
