Definition
A manager running one of their first few institutional venture funds — typically Fund I through Fund III.
Why LPs back them
- Closer to operators and overlooked communities
- Higher conviction per check
- Differentiated access
Risk profile
- First-time strategy and team risk
- Smaller fund sizes
- Concentrated decision-making
Important — please read
The content on this page is provided by DVRGNT Ventures for informational and educational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security or investment product.
Any investment opportunity, if available, would be made only through appropriate private offering materials and subject to investor qualification, legal review, and applicable regulatory requirements.
Submitting an interest form does not constitute an offer, acceptance, allocation, or eligibility determination. Nothing on this page should be construed as legal, tax, accounting, or investment advice.