• Fund I has a TVPI of 4.11x, IRR 33% and expects a better final cash on cash return, but only time will tell.
• Fund II TVPI of 4.45x, IRR 60% and and expects a better final cash on cash return.
• Fund III and IV are already up in value 20-30%. Still waiting for most startups in this vintage to raise their next round at a higher valuation. We deployed much of the fund over the last 12 months and just completed a new investment last week. Over 90% of our startups historically raise the next funding round with a major VC at a higher valuation.

• Top track record in top decile of US VC fund performance.
• Sector focus: Technology startups that underpin the digital economy leveraging AI, automation, data, digitizing large industries to become high revenue growth profitable businesses in large markets with unique technology as well as rapid revenue growth consumer companies with strong CAC:payback traction.
• A string of home runs: In recent months our portfolio has had great fundraising success with Superhuman raising a $75m round led by IVP, Super Coffee closed a $106m round led by Durable, Nylas raising $120m led by Tiger Global, Daily Harvest raised $77m at a $1.1bn valuation, EasyKnock closed $57m on a $307m post and NexHealth closed a $125m round becoming our latest unicorn. We invested initially in these companies at relatively low valuations such as $8m to $30m for the above.
• Co-invest with top VCs: We have co-invested with many top VC firms, angel groups, angels and celebrities including Sequoia, a16z, Benchmark, Bessemer, Battery, NEA, Menlo Ventures, Sierra Ventures, Foundation Capital, Breyer Capital, Softbank, First Round Capital, GV (Google Ventures), Founders Fund, Lightspeed, Floodgate, Greylock, Greycroft, Crosslink, RRE Ventures, Formation 8, 8VC, Venrock, TomorrowVentures, Mark Cuban, Dustin Moskovitz, The Zuckerberg Family, Winklevos Capital, Ashton Kutcher, A-Rod (Alex Rodriquez), Swartzenagger family, Jennifer Lopez, Kevin Hart, Gwyneth Paltrow, Serena Williams and many more.
• Making VC a liquid asset class: Our fund plans to sell 5-25% of the fund position in single portfolio companies from time to time to return the fund faster and make the asset class more liquid.
• SPVs for deal-by-deal investing: LPs may choose to 1) keep the cash distributions from our early secondary selling, 2) recycle the cash into the growth round via our SPVs, or 3) recycle and double down investing more cash in later stage growth rounds. We sell our own secondaries to our own LPs tax efficiently via SPVs and provide access to later-stage investment rounds direct onto the cap table typically with information rights and pro rata equity rights normally impossible for angels and family offices to access that expect lower multiples, but expect to exit in a 1 to 3-year time frame. Institutional investors or any LPs can simply not be bothered with each exit, recycle or double down decision and we can recycle or make a cash distributions on their behalf after understanding their profile and desire for near turn payback or patient long term optimal returns
• How our angels and family offices are actively part of our VC process: Some angel LPs take board seats on behalf of our fund and play an active role in the overall VC process on a flexible no minimum time commitment basis. Angels refer deals, can help with DD, join Zoom calls or meetings and events.
• LP-IR program: Limited Partner-in-Residence program. For investors investing $1m+ they can place a family member if we get along as an associate in our office and we will train them on VC and they will get our full network of VCs, entrepreneurs, etc and can get into a top MBA program or rotate back to the family as a VC.
• Events: Annual BBQ and in-person networking events assembling our network of angel, family office and corporate investors with annual events for all of our LPs and portfolio companies in Silicon Valley, Austin, Miami, New York, London and Singapore to animate the network.
• How we de-risk VC: 1) Diversify 30% of our fund into 25 different companies to neutralize singular startup risk, 2) double down investing 70% of the fund into our top performers from Fund I, Fund II and Fund III, 3) our fund plans to sell 5% to 20% of our position in single startups when they reach very high valuations but are still private.
• Team and unique LP support group: VC-backed technical entrepreneur, University Professor of VC, former tech VC and M&A investment banker, cofounder of an angel group, General Partner of The Founders Club, 3x published author on VC and crypto, frequent speaker on MSNBC, CNBC, and ABC, MBA in finance from Georgetown University completed on scholarship. Vastly diverse set of LPs from Silicon Valley and key tech corridors across the USA, UK, Europe, Japan, Australia, Africa and Latin America.

We have been generating deal flow since the late 1990’s when Andrew Romans raised his first $15m series A for his own startup. Deal flow picked up when he ran Georgetown Venture Partners (GVP), then The Founders Club equity exchange fund and secondary late-stage investor with 41 VCs on the advisory board including GPs from NEA, Sierra Ventures, DFJ and many others, more deal flow from Georgetown Angels, Rubicon Venture Capital and now his current fund 7BC Venture Capital. The team at 7BC meets and takes Zooms constantly with other VCs showing them the future funding rounds of our Fund I, Fund II and Fund III portfolio companies seeking strong VC syndicate co-investors. We gain access to the funding rounds of other VCs ranging from pre-seed funds to Series A and B investors. Having been in the game since 1997 we know a lot of founders and they come to us when they raise their first outside funding round such as Rahul Vohra from Superhuman and Alex Moore (1st employee of Palantir) from Nodeprime (now Partner at 8VC). Tirelessly helping our portfolio companies raise funding from other VCs results in us getting invited to invest in many other rounds of startups backed by VCs in our network. Deep networks with the founders of most accelerators. We typically knew the founders of most accelerators before they founded them. Members of many angel groups from Sand Hill Angels to New York Angels are LPs in our VC funds and give us early access to their deal flow. Check out some of the 150 VCs interviewed and contributing to Andrew's books and VC podcast. https://www.amazon.com/Andrew-Romans/e/B00E1LNR6I/ and https://anchor.fm/FiresideVC.

We have co-invested with many top VC firms, angel groups, angels and celebrities including Sequoia, a16z, Benchmark, Bessemer, Battery, NEA, Menlo Ventures, Sierra Ventures, Foundation Capital, Tiger Global, Institutional Venture Partners (IVP), Softbank, Durable Capital Partners, Prudential Financial, Industry Ventures, First Round Capital, GV (Google Ventures), Founders Fund, Rakuten, Lightspeed, Floodgate, Greylock, Greycroft, Crosslink, RRE Ventures, Intel Capital, Slack Capital, Spark Capital, Formation 8, 8VC, Venrock, TomorrowVentures, YouKu, Fenbushi Capital, Draper Associates, Boost.vc, Esprit Draper, Great Oaks, Breyer Capital, Khosla Ventures, Social Capital, Goldman Sachs, Toyota AI Ventures, Two Sigma Ventures, SV Angels, Leher Ventures, Crunch Fund, Backstage Capital, 500 Startups, Y Combinator, Sand Hill Angels, Capital Factory, Picus Capital, Kima Ventures, Plug and Play Ventures, FJ Labs, Box Group, Ligthbank, Tribeca Venture Partners, Village Capital, Lake Star, Correlation Ventures, L2 Ventures, Sound Ventures, GGV Capital, Boldstart Capital, Tylt Capital, Picus Capital, KEC Ventures, Eniac Ventures, Winklevos Capital, Zuckerberg Family, SF Capital, Walden, Blumberg Captial, Binary Capital, Thomvest Capital, Javelin Venture Partners, Emery Capital, Talis Capital, Pantera Capital, many other VC firms, angel groups, accelerators and angels including Eric Schmidt, John Chambers, Peter Thiel, Sam Altman, Joe Lonsdale, Brock Pierce, Mark Pincus, Jennifer Lopez, Kevin Hart, The Rockefeller Family, Danny Meyer, Mark Cuban, Ashton Kutcher, Semil Shah, A-Rod (Alex Rodriquez), Swartzenagger family, David Tisch, Dustin Moskovitz, Jason Calacanis, Gary Vaynerchuk, Don Dodge, Gwyneth Paltrow, Serena Williams, Naval Ravikant, CEO of Zillow.