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FLAIA Marketplace
- Expires: 2023-12-31
- Min Investment: $5,000,000
- Target Return: 25% - 35%
- Lockup: 7 Years
Strategy
Venture Secondary combines the fast growth of private tech companies with the shorter liquidity profile of private equity. PVC buys early-stage VC portfolios at 5-10 years (after they are already winning) at 20-50% discounts to NAV. We target a 1X return of principal in 3 years and a 3-5X return in about 7 years (25-35% net IRR).
Team
About
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.