Thank you to everyone who helped me get to this point. I am proud to announce that I have committed to the admissions process at the University of Pennsylvania. #UPrising
JUST IN: Naval Ravikant launches retail venture fund that gives exposure to private AI startups like OpenAI, Anthropic, & xAI with a minimum investment of $500.
Introducing USVC - a single basket of high-growth venture capital, for everyone.
No accreditation required, SEC-registered, and a very low $500 minimum.
Includes OpenAI, Anthropic, xAI, Sierra, Crusoe, Legora, and Vercel. As USVC adds more companies, investors will own a piece of that too.
Liquidity typically comes when companies exit, but we’re aiming to let investors redeem up to 5% of the fund every quarter. This isn’t guaranteed, but if we can make it work, you won’t be locked up like in a traditional venture fund.
It runs on AngelList, which already supports $125 billion of investor capital.
And I’ve joined USVC as the Chairman of its Investment Committee.
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Go back to the 1500s, you set sail for the new world to find tons of gold - that was adventure capital.
Early-stage technology is the modern version. It says we are going to create something new, and it’s risky. It’s daring.
But ordinary people can’t invest until it’s old, until it’s no longer interesting, until everybody has access to it. By the time a stock IPOs, most of the alpha is gone. The adventure is gone. Public market investors are literally last in line.
This problem has become farcical in the last decade. Startups are reaching trillion dollar valuations in the private markets while ordinary investors have their noses up to the glass, wondering when they’ll be let in.
Investing in private markets isn’t easy. You need feet on the ground. You need judgment built over years. Most people don’t have the patience to wait ten or twenty years for an investment to come to fruition.
But there is no more productive, harder-working way to deploy a dollar than in true venture capital.
USVC enables you to invest in venture capital in a broad, accessible, professionally-managed way, through a single basket of innovation, focused on high-growth startups, at all stages.
It is how you bet on the future of tech: the smartest young people in the world, working insane hours, leveraged to the max, with code, hardware, capital, media, and community. Your dollar doesn’t work harder anywhere.
There is an old line - in the future, either you are telling a computer what to do, or a computer is telling you what to do. You don’t want to be on the wrong side of that transaction.
USVC lets you buy the future, but you buy it now. Then you wait, and if you are right, you get paid.
Get access here:
https://t.co/pAj1sqUsG0
Announcing: USVC
AngelList exists to power the innovation economy.
To date, we have powered $125 billion in assets, 25,000+ funds, and 13,000+ startups.
Today, we’re opening it for retail access.
@usvc_ is a regulated fund that holds stakes in promising private companies.
There are no accreditation requirements and anyone can get started with as little as $500.
Early portfolio includes xAI, Anthropic, OpenAI, Sierra, Vercel, Crusoe, and Legora.
Own a stake in the companies defining the future.
Learn more: https://t.co/5zqSuqpVU8
Announcing my new thing:
I'm launching a new public venture fund
USVC is built by AngelList with @naval shaping our investment strategy in the technology companies building our future
And unlike traditional venture funds, everyone can invest along with just $500:
I would like to start by thanking all the coaches at CSU for providing me an opportunity to play as a Ram. However, I have decided to de-commit from CSU and accept the opportunity to play for The University of Cincinnati in their inaugural year in the Big12. #GoBearcats
It's finally GAME DAY!
Follow along with all the action in Lewisburg live ⬇️
💻 https://t.co/vh2ASCTVR6
📊 https://t.co/AnYMDkrpcd
📻 https://t.co/VtFHAF4Pms (Online only)
#UPrising x #FightOnPenn 🔴🔵🏈
That’s James Flannery ‘19 with Old Glory leading @navymlax onto the field Saturday. His G helped in an 8-5 dub over Mount St Mary’s in the Mids first contest in almost a full year. #ThatsAHoya#PrepStrong#AMDG
Welcome to the family Jordan Niles, a running back from Clearwater, FL; Jack Plank, an outside linebacker from North Bethesday, MD and Cam Polemeni-Hegarty, an offensive lineman from Wallingford, CT!
#jointheUPrising#ChampionYourLife
Meet the 2020 Georgetown Prep Varsity Lacrosse Captains:
Max Cooney ’20 (UNC Lacrosse),
Damon Hsu ’20 (Lehigh University Lacrosse),
Jack Plank (UPenn Football),
and JB Strachan ’20 (Penn State Lacrosse). Let's Go Prep!