USVC Fund I | 1981 VC Fund

USVC

Status

ACTIVE

Global HQ

Seattle, United States

Countries of investment

United States

Investment stages

Growth

Industries

Artificial Intelligence
Software
Consumer Tech
Enterprise
Frontier Tech

About
USVC is a Seattle-based registered venture capital fund managed by AngelList Asset Management, with a $500 minimum investment available to all U.S. investors. Chaired by AngelList co-founder Naval Ravikant, the fund holds stakes in late-stage private companies including OpenAI, Anthropic, xAI, Sierra, Vercel, Crusoe, and Legora. The fund is registered under the Investment Company Act of 1940.

Min check size: $500K
Max check size: $5M
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Investment Thesis

USVC focuses on broadening access to venture capital, allowing retail investors to gain exposure to promising private companies before they become household names. The thesis centers on capturing pre-IPO appreciation that has historically been captured by accredited investors.

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Manager's Experience

USVC is led by General Partner Ankur Nagpal as Portfolio Manager, with Naval Ravikant serving as Chairman of the Investment Committee. Ankur is founder and CEO of Carry and was previously founding GP of Vibe Capital and founder/CEO of Teachable (acquired by Hotmart). Naval is co-founder of AngelList and an early investor in 400+ companies including Uber, Twitter, and Notion. The team is further supported by strategic advisors Jeff Fagnan (founder of Accomplice, AngelList board member), Cyan Banister (co-founder of Long Journey Ventures, ex–Founders Fund), and Arielle Zuckerberg (ex-Coatue, Kleiner Perkins).