USVC Backs Recursive Superintelligence Alongside GV, Greylock
New USVC Investment: We just invested in Recursive Superintelligence, a new AI research lab working on self-improving AI This investment was on the same terms as the leads Google Ventures & Greylock (with no fees or carry) Their vision is ambitious and the team is stacked: https://t.co/XrYdYUlltp
Void Secondary Sales May Keep Original Buyer’s Interest
If Anthropic deems all secondary sales of Anthropic stock to be void Does that mean the original buyer retains financial interest even after selling it away? Lawsuit territory https://t.co/87B5cJO704
Invested in Weekend Fund IV for Hoover’s Unrivaled Builder Network
New USVC Investment: We just invested in Weekend Fund IV led by @rrhoover with @vedikaja_in Ryan built Product Hunt, so he's had a front-row seat to every ambitious builder over the last decade That is not a network you can buy or...
Direct Indexing Unlocks Massive Tax Loss Harvesting Cheat
Tax loss harvesting is pretty insane I'm up almost 10% for the year simply investing in S&P 500 But because I use a direct indexing strategy instead of buying an ETF, I have 50K in "tax losses" I can use to offset...
Top Private‑market Secondaries Now Command Premium over Primaries
A wild dynamic in private markets right now: For top businesses, secondaries are trading at a premium to primary rounds Historically, secondaries were common shares, which traded at a 10%-20% discount But it's completely flipped for top businesses that people want to own
Write Off Up to $100K When Small Startup Fails
A weird tax loophole with early stage startup investing that almost no one knows about: If you invest in a small startup that has raised less than 1M in funding And the business fails You can write off up to 50K (single) or...
Seeking Milan Must‑Do Activities and Innovative Locals
I’ll be working from Milan for 2 weeks in May I’ve never been before, what are the best things to do in town? And, if there are any interesting people building cool things over there
Venture Fund Returns: Top Quartile, Low DPI, Vintage Matters
I decided to open source how my venture funds have performed TL:DR: - Top quartile to top decile based on specific fund - Very little DPI (for now) - Vintage matters quite a bit Excited to see how this develops with time 👀 https://t.co/KMbvAsM8P1
Explore USVC: Private Market Structure, Fees, Liquidity
It’s wild that we may have almost 2,000 people on a webinar for USVC tomorrow We’ll cover: - Private markets in America today - How USVC is structured and what makes it different from other funds - The trade offs: Fees, liquidity and who...
Frec Rockets to $1B Assets in Under Two Years
Frec just crossed a billion dollars in customer assets Incredible growth story in fintech: 1 year to hit 100M 1 more year to hit 550M 4 months to double to 1B More than 80M in just the last week Mo and team are absolutely crushing it
Join Our Live Q&A on the New USVC Fund
We launched a public venture fund this week, USVC People have had questions: - What types of companies and funds are you going to invest in? - What fees are you going to charge? - How can I get involved? Hosting a live Q&A next...
USVC to Open Global Investing, Waitlist Now
The biggest "feature request" we have had so far for our public venture fund, USVC: How to invest if you don't already live in America While we cannot support this yet, we hope to roll this out very soon in the coming...
Public Venture Fund Opens to $500 Investors
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:
Track Home Improvements to Maximize Tax-Free Gain
Weird and important tax things to know about selling your house: - Keep a record of any capital improvements you make to your house. This increases your basis and reduces taxes when you do sell your house - If you make money...
Carry Acquired, Expanding Mission to Empower Business Finances
Carry has been acquired by Angellist and Lettuce We started this company 3.5 years ago to help business owners make better financial decisions These two transactions allow us to continue to do this important work in a bigger way Thank you to everyone...