a new fund by angellist
Back the companies building the future.
Before it’s obvious.
USVC broadens access to Venture Capital, allowing retail investors to invest in promising companies before they become well-known.
The companies that will define the next decade are being built right now.
THE PROBLEM
Access defines
outcomes.
Private market exposure has historically shaped return profiles well before public access becomes available.
You use their products.
You read about them in the news. But it is hard to get access until IPO.
They stay private longer.
Breakout growth often happens before public access.
IPOs are their exits.
Much of the appreciation has already occurred — captured by early employees and investors.
MARKET HISTORY
US Early VC
US Total VC
S&P 500 TR
Sources: CPI inflation data (Bureau of Labor Statistics), S&P 500 historical returns (1957-2023), VC return benchmarks (Cambridge Associates). Projections are hypothetical and not guarantees of future performance.
You've been protected from
the risk. But you've also been
protected from the reward.
In 1980, the median company went public at 6 years old. Today it's 13. That's seven extra years of growth, during what can be the most valuable years, happening before retail investors can buy a single share.
OUR Advantage
AngelList is our entry point.
Our opportunities extend beyond.
Many of the most iconic managers and breakout funds operate on AngelList. With 6,000+ managers running 25,000+ funds and backing 25,000+ active startups, it’s a powerful signal network. We use that access as a starting point — then follow the top performers wherever they invest.
Our network
Backed by funds on the AngelList platform
Active managers 6,000+
Total assets on the AngelList platform$173B
Funds & Syndicates13,000+
Investors should carefully consider the investment objectives, risks, sales charges, and expenses of USVC Venture Capital Access Fund (“USVC” or the “Fund”) before investing. The Fund’s prospectus contains this and other important information and may be obtained at http://usvc.com/prospectus or by calling +1 (888) 200-4361. Please read the prospectus carefully before investing.
The Fund is newly formed and has no operating history. The investment adviser has no prior experience managing a closed-end, registered investment company. The Fund is classified as non-diversified and may invest a significant portion of its assets in a limited number of investments or sectors, including technology-related companies, which may increase volatility and the risk of loss.
Fees and expenses at both the Fund and underlying investment vehicle levels may reduce returns. The amount and timing of any distributions are uncertain, and investors may owe taxes on distributions regardless of whether they receive cash.
Our team
Ankur Nagpal
General Partner, USVC
Ankur Nagpal is the founding GP of Vibe Capital and the founder and CEO of Carry, a modern financial platform designed to help founders, operators, and self-employed individuals optimize taxes and build long-term wealth. Prior to starting Carry, he founded Teachable, an online education platform that grew to millions of users before its acquisition.
USVC’s capital is guided by
experienced industry experts.
Private investing is defined by judgment. Our team has built their careers identifying high-growth opportunities early. They’ve managed risk over long horizons, and navigated private markets through multiple cycles.
Naval Ravikant
Advisor
Co-founder of AngelList. Entrepreneur, investor, and philosopher of wealth creation and technology.
Jeff Fagnon
Advisor
Founder of Accomplice. Early-stage investor and AngelList board member with two decades in venture.
Cyan Banister
Advisor
Co-founder of Long Journey Ventures. Former Founders Fund partner. Early investor in Uber, SpaceX, and DeepMind.
Arielle Zuckerburg
Advisor
General Partner at Long Journey Ventures. Early-stage investor, previously at Coatue and Kleiner Perkins.
Our portfolio captures exceptional
companies with room to compound.
These are some of the companies we've backed so far — still building, still private, still compounding.
xAI
Developing large-scale artificial intelligence systems focused on advancing general intelligence, with an emphasis on reasoning, real-world problem solving, and accelerating scientific and technological progress.
Visit →
Crusoe
Building managed inference and infrastructure to power the next generation of artificial intelligence solutions.
Visit →
Anthropic
Developing artificial intelligence systems with a strong emphasis on safety and coding, best known for its Claude family of models.
Visit →
Our investment strategy
We aim to back the investors who find great companies early.
Emerging
Managers
Our access enables us to follow winners as they scale.
Growth
Rounds
We intend to source private shares through our AngelList network.
Secondaries
More of the upside
stays with you.
Traditional venture funds typically charge 2% management fees and take 20% of your gains. USVC charges no performance fees. Your returns are your returns.
Reporting
Private market investments typically issue a K-1
This can delay filing and require specialized accounting. USVC is structured as a registered investment company, so you just get one 1099.
Portfolio allocation
Institutional investors allocate to venture capital
USVC makes the same approach available to you. St up a monthly investment.
Build your position. Let the portfolio compound
Questions,
answered
USVC is designed to broaden access to Venture Capital, giving retail investors the ability to invest in what we believe are some of America’s most promising companies–before they become household names.
For decades, the opportunity to invest in some of the highest-growth companies in the world has been off-limits to most people. The rules were simple: to participate in venture capital, you had to be wealthy, connected, and accredited. If you weren’t, the only practical option was to wait until a company went public–often after its most explosive growth years and returns were already behind it.
USVC is designed to broaden access to Venture Capital, giving retail investors the ability to invest in what we believe are some of America’s most promising companies–before they become household names.
For decades, the opportunity to invest in some of the highest-growth companies in the world has been off-limits to most people. The rules were simple: to participate in venture capital, you had to be wealthy, connected, and accredited. If you weren’t, the only practical option was to wait until a company went public–often after its most explosive growth years and returns were already behind it.
USVC is designed to broaden access to Venture Capital, giving retail investors the ability to invest in what we believe are some of America’s most promising companies–before they become household names.
For decades, the opportunity to invest in some of the highest-growth companies in the world has been off-limits to most people. The rules were simple: to participate in venture capital, you had to be wealthy, connected, and accredited. If you weren’t, the only practical option was to wait until a company went public–often after its most explosive growth years and returns were already behind it.
USVC is designed to broaden access to Venture Capital, giving retail investors the ability to invest in what we believe are some of America’s most promising companies–before they become household names.
For decades, the opportunity to invest in some of the highest-growth companies in the world has been off-limits to most people. The rules were simple: to participate in venture capital, you had to be wealthy, connected, and accredited. If you weren’t, the only practical option was to wait until a company went public–often after its most explosive growth years and returns were already behind it.
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Investors should carefully consider the investment objectives, risks, sales charges, and expenses of USVC Venture Capital Access Fund (“USVC” or the “Fund”) before investing. The Fund’s prospectus contains this and other important information and may be obtained at http://usvc.com/prospectus or by calling +1 (888) 200-4361. Please read the prospectus carefully before investing.
The Fund is newly formed and has no operating history. The investment adviser has no prior experience managing a closed-end, registered investment company. The Fund is classified as non-diversified and may invest a significant portion of its assets in a limited number of investments or sectors, including technology-related companies, which may increase volatility and the risk of loss.
Fees and expenses at both the Fund and underlying investment vehicle levels may reduce returns. The amount and timing of any distributions are uncertain, and investors may owe taxes on distributions regardless of whether they receive cash.