Venture capital isn’t for everyone. Most startups fail, and most investments return zero. Many VC funds don’t make any distributions in the first 5 years, and most of them take 10-15 years or longer to fully exit. The lack of predictability and a long period of illiquidity makes venture capital a challenging asset class for all but the most patient of investors.

That said, top VC funds can perform far better than the rest of the market, and the best tech companies can turn into unicorns that generate 20x, 50x, or sometimes even 100x returns.

If only there was a way to skip ahead five or more years and invest in just the VC funds that are doing well, wouldn’t that be great? 

What if you could arrive at the game at halftime and bet on the team that was already ahead by 10 points? And what if you could buy that winning ticket at a discount?

It’s possible. Enter Practical Venture Capital… 

Practical Venture Capital (PVC) is a Silicon Valley VC firm that buys secondary interests in mature, top-performing early-stage VC funds and companies. The co-founders and managing partners are Dave McClure and Aman Verjee, experienced investors and internet startup veterans who have worked at PayPal, eBay, Sonos, Founders Fund and 500 Startups. They have been early investors in 30+ unicorns and 8 IPOs that have generated 50-100x+ returns including Credit Karma, Twilio, SendGrid, Lyft, TalkDesk, Canva, among others. 

Venture Capital Secondary combines the rapid growth of tech companies with faster liquidity. PVC acquires secondary interests in top-performing VC funds and portfolio companies from LPs and GPs who want early liquidity, typically purchasing these assets at a 20-40% discount to NAV. From launching 20 VC funds globally and being an LP in a number of other funds, the PVC partners have one of the broadest GP networks in Silicon Valley and around the world.

Investors get discounted access to top venture portfolios that already have $1B+ winners. They are diversified across 15+ early-stage VC funds with 30-40 Series B/C/D winners that may IPO within 3 years or less.