When people talk about the access problem in venture, they almost always talk about the deals. Who gets to see the round. Who gets the allocation. Who grows with the winners.

But there's a second access problem that often gets less attention, and it's the one that decides who gets to participate:

Where can you actually buy the assets?

Today that changes for USVC.

Until this morning, there was exactly one place to buy USVC: usvc.com.

Today, USVC becomes available to 15M+ members on SoFi.

This is our first platform partnership, and it's the beginning of a new chapter for access to venture as an asset class.

Two reasons:

The first is that they've been pointing to the access problem for years.

SoFi was one of the first platforms to open IPO allocations to individual investors when those had reliably gone to institutional desks.

They have long supported low-minimum alternative investment funds via partnerships.

And their own language for this launch, "alternative investments, now for the rest of us," is spot on with our thesis at USVC.

The second is the plumbing they’ve built for self-directed investors.

SoFi offers self-directed investing, including through a brokerage IRA.

This means USVC can be held inside one of the most-tax advantaged retirement accounts in America.

Having access to private assets in a retirement account has been technically possible for a long time, but in practice it required a specialty custodian, a separate account, setup and annual fees, and paperwork for every transaction.

It can be enough friction to stall action, which is one reason investors so rarely hold venture positions in retirement amounts.

SoFi collapses that experience into a platform many have used before.

USVC bundles exposure to what we believe to be some of the best of venture into a fund available to U.S. investors with as little as $500.

You may remember that, last month, I shared that we were opening retirement account access in stages and aiming to announce in August.

This is the first stage of that announcement, and we couldn’t be more excited about it!

USVC is available today in SoFi's alternative investments platform.

The terms:

SoFi is cutting their transaction fee by 50% for the next 60 days for investors who buy USVC through a SoFi IRA.

To be clear: This doesn't change the fund, the strategy, or the liquidity terms.

— Ankur Nagpal, General Partner

Investors should carefully consider the investment objectives, risks, sales charges and expenses of USVC before investing. USVC's prospectus contains this and other information and may be obtained at http://usvc.com/prospectus or by calling 1 (888) 200-4361. Read the prospectus carefully before investing.

This communication is for informational purposes only, is not intended to be a recommendation for any investment or other advice of any kind and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction. Any such offers will only be made pursuant to USVC's prospectus, which should be carefully reviewed before investing.

Investing in the USVC Venture Capital Access Fund involves significant risk, including the possible loss of principal. Venture capital investments are speculative, illiquid, and subject to a high degree of risk. Past performance does not guarantee future results.

USVC Venture Capital Access Fund is distributed by North Capital Private Securities (NCPS), member FINRA/SIPC. NCPS is not affiliated with USVC's adviser or its affiliates.

Investing in USVC's shares involves substantial risk, including the potential loss of your entire investment. Shares are not listed on any exchange, are illiquid, and liquidity is limited to periodic repurchases at the discretion of the Board, which are not guaranteed. This investment is speculative and suitable only for long-term investors who can bear the risks of limited liquidity. Certain conflicts of interest involving USVC and its affiliates could impact USVC's investment returns and limit the flexibility of its investment policies. Past performance does not guarantee future results. Fees, expenses, and conflicts of interest may reduce returns.

USVC's shares have no history of public trading. You should not expect to be able to sell your shares other than through USVC's repurchase policy, regardless of how USVC performs. USVC does not intend to list its shares on any securities exchange during the continuous offering, and it does not expect a secondary market in the shares to develop.

USVC invests in private funds which are subject to certain risks including those related to illiquidity, indirect fees, valuation, limited operating histories and limited information regarding underlying investments. As a result of the foregoing, an investment in USVC's shares is not suitable for investors that require liquidity, other than liquidity provided through USVC's repurchase policy. The amount of distributions that USVC may pay, if any, is uncertain.

SoFi Invest is a trade name used by SoFi Wealth LLC and SoFi Securities LLC offering investment products and services. Robo investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser. Brokerage and self-directed investing products offered through SoFi Securities LLC, Member FINRA/SIPC .

For disclosures on SoFi Invest platforms visit SoFi.com/legal. For a full listing of the fees associated with SoFi Invest please view their fee schedule.