The Post-COVID Fund will invest in a portfolio of ~20-30 venture businesses that address the impacts of the pandemic and global economic crisis. We think it’s an excellent time to be investing in solution-based companies that will be addressing this new reality—and AVG is extremely well positioned to assemble this portfolio. Our Post-COVID Fund reflects both our convictions and our investors’ interest in such a fund.

ABOUT AVG

AVG provides smart, simple venture portfolios to accredited investors at accessibly low minimums.

Over 16 alumni funds, consisting of over 4000 investors, with many from top universities such as Harvard, MIT, Stanford, etc., plus other actively managed funds
Portfolios diversified across sector, stage, geography, and lead investor
Co-investing alongside established venture firms
Third most active VC firm in the US (Pitchbook 2019), having invested in ~450 companies to date
~50 full-time investing professionals, with additional back office staff, located in five regional offices

>>For more on AVG, see our FAQs at the right.

ABOUT COVID-19 FUND

AVG’s COVID-19 Fund will focus on financial returns and portfolio diversification for investors, as well as the positive impact of our problem-solving ventures.

Portfolio of ~20-30 companies invested over ~12-18 months, with reserves for follow-ons
10-year term; see our Fees document for our fee and carry policy
Diversified by sector, stage, geography, and lead investor
All deals invested in sponsored by one or more AVG Alumni Funds and vetted through our disciplined process
Exclusively co-invest alongside by established venture firms or syndicates
All deals address the opportunity and challenges related to a new, Post-COVID world
Minimum investment $25,000
Open to accredited investors; limited to 250 total

THESIS

New markets and trends. We believe this pandemic will change our world forever. Markets will be reshaped, priorities shifted, and new business models created.
Winners will emerge. As a result of the post-pandemic changes, we expect to see hundreds of new ventures created. Talent, money, and other key resources will gravitate to the winners. The most valuable companies will thrive—as did Microsoft, FedEx, Uber, Square, WhatsApp, Roku, Square, Pinterest, Slack, and Groupon, who all launched or accelerated in a recession or downturn.
AVG’s advantages. Among our advantages are an existing portfolio of ~450 investments, a large and connected community, plus nimble and entrepreneurial organizational DNA.
Opportunities in venture. As veterans of past downturns, we have observed that the ability to get into deals increases and terms become more reasonable during tough times.

>>For more on the fund, see our presentation—available at the right—and our webinar recording (available ~5/5).

EXAMPLES OF TRENDS

Below are few of the new and accelerating trends that we believe will likely emerge in the post-COVID world.

Developments in digital and virtual/remote entertainment, payments, communication, learning, healthcare, etc.
Health monitoring and treatment
Big data and AI
The future of work
Early risk assessment and analysis
Self-service models
Flexible manufacturing and scalable 3-D printing
Robotics and automated services; etc.

>>For more on Post-COVID trends, see our presentation at the right.

EXAMPLES OF COMPANIES

The companies below are from AVG’s existing portfolio but serve as examples of the types of deals that we would consider in assembling our Post-COVID Fund portfolio.

E25BIO, medical device company developing a simple finger-stick blood test to detect diseases in minutes
Dataminr, an AI risk assessor—among the first to identify the virus outbreak in December 2019
Kinsa, a connected thermometer company, providing some of the best real-time data on US hotspots
RapidSOS, tech platform directly linking data from millions of connected devices to 911 and first responders
Freshly, subscription service for chef-cooked, healthy meals delivered to your door
Tempest, leading provider of virtual services to address alcohol use, misuse, and addiction
Heal, in-home, on-demand medical service providing house calls and telemedicine visits

>>For more on sample companies, see our presentation at the right.

NEXT STEPS

If you’d like to schedule a call to learn more about the fund and AVG, just click the call button at top right.
If you wish to invest, you can commit here; minimum is $25K.
Once you make a commitment, our Investor Relations team will walk you through the investing process. It takes 20 minutes max for most people.
Note that you can also invest with IRA funds (for new investors, this takes ~3-4 weeks to execute).
Space is limited to 250 spots for accredited investors; first come, first serve.

>>For subscription documents and a description of our fees and performance, see documents at the right.

Post-COVID Fund

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