Ankur Nagpal
speaker
437 appearances
1 recordings
1 series
first heard Jul 2026
last heard 7 Jul
Ankur Nagpal’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
I should give credit where credit's due.
This predates my time at AngelList, but AngelList recruited me, bought my company to run USVC, which is a fully publicly accessible venture fund.
This is very, very rare since normally venture funds require someone to be an accredited investor.
However, this is open to anyone in America with as little as $500.
So it's a different structure because it is a tender offer fund, unlike a traditional venture fund where your dollars are locked up indefinitely.
Here, our goal is to give liquidity or offer liquidity every quarter.
It's not guaranteed it's our goal of up to 5% of the entire fund.
So investors can buy in at any time at whatever the NAV is at the time.
And if they want out, whenever there's a tender offer, ideally a recorder, they can be like, all right, I want out.
And it is actually at the NAV, which is the net asset value of what's underneath it.
Yeah.
So that's a really great question because that is the difference.
People ask, there's other ETFs, the Broadbenton has one, Fundrise has one that
are basically closed end.
And the challenge with those is the price at which it trades gets completely distorted from the underlying asset values.
There was an ETF by this company called Destiny.
At one point, they were trading at almost 100 times premium to what's underneath.
And I think Morningstar actually had an interesting quote where they're like, buying into this ETF now is the best way of enriching others at your expense.
Because it's literally trading at completely divorced prices.
Even Robinhood right now is trading at two times NAV.
Showing 81–100 of 437 · page 5 of 22
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