Most of the last 40 years in the US have seen both low inflation and steady economic growth, a combination that is historically very good for stocks. But the global economy is now in an unusual low-growth / recession and high inflation environment, which means that investors have to re-think their allocation strategy. 

Join us for an in-depth discussion with Aman Verjee, JD, CFA, co-founder and managing partner of Practical Venture Capital, a Silicon Valley venture secondary firm. Here are some of the topics that will be covered: 

Thank you to Aman Verjee for agreeing to join us for a fireside chat. Aman is the General Partner of Practical VC, which buys unicorns on sale and invest in VC funds that are already winning to skip the first 5 years of risk associated with start up businesses. Aman's most recent venture is buying secondaries in funds at a 30% to 70% discount to the market. We are excited to have him come on our show to talk about "PRICE TAGS ON TECH COMPANIES: ANALYZING PRIVATE AND PUBLIC VALUATIONS." My goal is to not only talk about Practical VC's investment strategy but to get into his learnings from his time with the PayPal mafia. We hope that he will wander off a little bit and talk about his time as CFO of SONOS as wells. Bring all of your questions with you or send them to me in advance at michael@flaia.org. In the meantime, let's wish Aman Verjee the best of luck with Practical VC.

Markets have been shaking through the first half of the year, leaving many investors hitting the pause button as they wait for valuations to stabilize. When is the right time for investors to jump in with confidence that prices have reset and are reasonable marks? 

In this webinar, Aman Verjee, General Partner at Practical Venture Capital, will discuss private and public company valuations, taking a deep dive on pricing in the SaaS sector (“Software as a Service”). 

Join us on July 14 for a webinar on private and public company valuations. Register here.

Here’s a quick preview of the webinar…

Join us for a panel exploring trends in public and private market valuations and how to strategically diversify your portfolio in today’s shifting market conditions. 

This event is for you…

• If you seek greater exposure to venture capital and want to put strong-growth unicorns in your portfolio at a discount of up to 50% NAV
• If you are currently overexposed to public equites and are seeking guidance on diversification

One way to gain access to top-performing VC portfolios ad venture-base companies is through the venture fund secondary market – a strategy with reduced risk, faster growth, and faster liquidity compared to traditional venture investments. 

Venture Capital Secondary combines the rapid growth of tech companies with faster liquidity. It’s a bit like placing a bet on the winning team at halftime. 

PVC offers their investors discounted access to top venture portfolios that already have $1B+ companies on course to IPO within 3 years or less. 

Venture capital may seem like a challenging asset class to know where and how to get started. During the current climate, many investors are migrating to venture capital as a way to diversify away from public equities for several reasons:

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.