Limited Partner (LP), Fund of Funds, Venture Capitalist
PracticalVC.com is a secondary firm that buys LP and GP interests in mature (5-10 yr old) microVC funds and later-stage companies, now raising our 3rd fund.
PracticalVC.com is a VC secondary firm. We buy $1-5M tickets @ 30-70% discounts from LPs & GPs in microVC funds that are doing well but need liquidity / DPI. We aim for 1X DPI back to our LPs in 4-5 years, and 2-4x DPI in 7 years. Our first fund has returned 0.6x DPI in <4 yrs. More info on our strategy: https://practicalvc.com/vc-fund-secondary-buy-the-winning-ticket-at-halftime-at-half-price/
Dave McClure has been an entrepreneur and investor in Silicon Valley for over 25 years. I founded Practical Venture Capital and 500 Startups, and worked at Founders Fund and PayPal. I’ve invested in hundreds of startups around the world, including 40+ unicorns and 10+ IPOs. I've been on the Forbes Midas List of top 100 global VCs twice. I have a BS in Engineering and Applied Mathematics from Johns Hopkins University.
