Why run the full marathon when you can join at mile 13 and still win? That's the PVC secondary playbook to reduce risk and cut the hold time in half. We've been skipping the J-curve since 2020. Our first two funds sped up liquidity for our investors. Now we're raising our third fund.
Practical Venture Capital is now raising #PVC3 #TheHalftimeFund, our third #VentureCapital #Secondary fund. PVC-3 is a registered #506c fund available to Qualified Purchasers and Level 10 Super Villains. More info on our new secondary fund + #SkipTheJCurve strategy here: https://lnkd.in/gapTsvMr #PVC buys discounted access (30-70%) in mature (5-10 yr old) VC funds and companies already doing well ($50-100M+ rev). Our "Skip the J-Curve" strategy cuts VC hold time in half, and returns #DPI faster than traditional VC. Our first fund PVC-1 ($20M, 2020 vintage) has returned 0.6X DPI in <5 years. Practical Venture Capital (PVC) is led by Dave McClure and Aman Verjee, CFA, who have previously conspired to take over the world at #PayPal, #FoundersFund, #500Startups, and #SPECTRE. Over the past two decades, we have invested in hundreds of companies and VC funds in over 75 countries around the world, a few of which are not dead (yet). PVC specializes in tech startups, VC secondary, and sharks with frickin' laser beams on their heads. So hurry up and give us your money, or the puppy gets it. ???? ?? "Predictions are hard, especially about the future." - Yogi Berra