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You just downloaded a guide on how investors are accessing top startups in 2026.

USVC is one way you can actually do it.

It is an actively managed venture fund accessible to all U.S. investors.

Led by Ankur Nagpal as General Partner and Naval Ravikant as Chairman of the Investment Committee, USVC taps AngelList's $125B in platform assets, 4,500+ managers, and 13,000+ active startups to find category leaders early.

As of June 25, 2026, holdings include exposure to Mercury, Supabase, Anthropic, OpenAI, Mercor, Recursive, Crusoe, Sierra and more.

You can start building a position with as little as $500 today →

We’ll be in your inbox 1-2 times a week with thoughtful insights on venture capital, startups, and the emerging technology shaping our future.

Some popular articles you may want to read now:



When SpaceX was preparing to go public, we detailed what we believed to be the more interesting story: everything that happened in private, where (historically) most people never hear about it.



Some of the most sophisticated investors in tech invest in startups from their IRA. Few people know about it, but we detailed how investors like Peter Thiel and Max Levchin have been doing it for decades.



We introduced USVC to the public on April 22nd, and in the twelve weeks that followed: welcomed thousands of new investors, invested in multiple companies, opened a co-investment program for qualifying investors, and watched our portfolio put up some of the biggest numbers in private market.

We also aim to publicly share investment memos from USVC:



Our investment in Ryan Hoover's seed-stage fund. It’s a working example of the emerging managers strategy we leverage to index the earliest stage.



Our $5M direct position in Mercury's $200M Series D at a $5.2B valuation, alongside TCV, a16z, Sequoia, and Coatue. It’s a working example of our direct-investment strategy.



Our direct investment in a startup built to produce self-improving AI, alongside GV (formerly Google Ventures), Greycroft, NVIDIA, and AMD.



Our investment in a seed-stage fund that holds Supabase shares, before their recent $500M Series F at a $10 billion pre-money valuation.



Our $2M position in one of the fastest companies to reportedly cross $1B in annual revenue.

A clearer lens on venture capital.

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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.

An investment in the Fund involves material risks and should be considered speculative. There can be no assurance that the Fund will achieve its investment objective, that investors will receive distributions, or that investors will not lose all or a substantial portion of their investment. Shares are not listed on any exchange, have no public trading market, and are illiquid. Liquidity is limited to periodic repurchase offers made at the discretion of the Board, which are not guaranteed. You should not expect to be able to sell your shares other than through the Fund's repurchase policy, regardless of the Fund's performance. This investment is suitable only for long-term investors who can bear the risks of limited liquidity. Past performance does not guarantee future results. Fees and expenses may reduce returns.

The Fund is recently formed, has limited operating history, and has limited financial information available for evaluation. The investment adviser has no prior experience managing a closed-end, registered investment company. The Fund's portfolio may be concentrated in a limited number of investments or sectors, which may increase the risk of loss from adverse developments affecting a particular company, industry, or market segment. The Fund's performance may be closely tied to technology issuers and therefore sensitive to factors impacting that sector.

The Fund primarily invests in private funds and private companies that are not publicly traded. As a result, the fair value of the Fund's investments is uncertain and may be difficult to determine. Valuations are often based on good-faith fair value determinations that are subjective and may rely on limited or incomplete information; actual values realized may differ, potentially materially. These investments are highly illiquid and generally subject to legal and contractual transfer restrictions.

Realization events may not occur for years, if at all, resulting in extended holding periods. The Fund may be unable to sell investments when deemed necessary, and if required to liquidate quickly, may realize significantly less than previously recorded values. Investments in private funds involve indirect fees and expenses, limited operating histories and financial resources, limited transparency and information, and high volatility, each of which may increase the risk of loss.

This communication is for informational purposes only, is not a recommendation or investment advice, and does not constitute an offer to buy, sell, or hold any security or to enter into any transaction. Any such offers will be made only by USVC's prospectus, which should be reviewed carefully before investing.

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.

The amount of any distributions is uncertain. Investors may be required to pay taxes on distributions regardless of whether they receive cash. General economic, market, and geopolitical conditions, including changes in interest rates, inflation, and capital market volatility, may adversely affect the Fund's investments, valuation, and returns.

Any quote included on this website is provided for informational purposes only and is not a testimonial or endorsement of advisory services. Past experiences or statements are not indicative of future results and are not a guarantee of performance. Please refer to the prospectus for further information.