First Check Fund

Smart, Simple Investing in Early Stage Deals


What Is the First Check Fund?

 

The smartest, simplest way for investors to add early stage deals to their portfolio. We are also…

  • A full-time alumni investment team
  • An Investment Committee comprised of some of the most experienced early stage investors in the country
  • Part of Alumni Ventures Group, one of the most active venture funds in the world

 

Follow the Fund



“My portfolio is in good shape: I had stocks, bonds, mutual funds, and even some real estate investments.  But I had a big hole when it came to venture investing. Through a classmate, I learned about AVG’s approach, and it just made sense. It feels good to know that I’ve got this part of my portfolio covered too.”

Fund Investor

“I had a large nest egg in my retirement account. AVG was the perfect investment vehicle to do something new, alternative, and to further diversify my personal portfolio. I also appreciate the secure online investor portal that provides me with interesting details and news on the companies which I’m invested in.”

Fund Investor

Why Invest in Venture Capital?

VC Outperforms the S&P

Key Takeaways

VC has consistently outperformed the S&P

VC can do well, even when other asset classes don’t

Sophisticated investors put 5-15% of their portfolios in VC


Why Invest in the First Check Fund?

A seed fund such as this one offering high risks and rewards is a natural complement to a well-diversified portfolio. Successful early investments in ventures can be difference makers, offering unprecedented returns by even venture capital standards. While most new startups won’t survive, the ones that do succeed can offer very high returns on your investment. Some early investors in unicorn companies have made 100x or more. In addition, bets are small, so less is at stake in any one investment. We will pursue a chase-the-winners strategy, keeping significant reserves to double down on investments that are thriving.

AVG is uniquely positioned to offer an exceptional seed venture fund for investors. Seed deals are typically hyper-local, and universities are at the nexus of many great startups. With a national network of alumni funds, AVG has strong roots at universities. In addition, we have recruited a nationwide network of early deal scouts to share the best deals they’re doing.


Investment Strategy

Smart, Simple Venture Investing

Large, Diverse Portfolio

40-50 investments, diversified by sector and geography

Chasing Winners

We’ll have a large reserve (~50%) for deployment in the top investments that prove themselves.

Co-Investing with the Best

We invest alongside the top seed investors in the country. Our scout network consists of successful entrepreneurs who are domain experts, leads at the top incubators and accelerators, and active angel groups throughout the U.S.

Co-Invest Alongside Top Venture Firms

Invest In Deals Most Individuals Never Know About or Get Access To

  • 3M New Ventures
  • 500 Startups
  • Accel Partners
  • Accomplice
  • Alsop Louie Partners
  • Andreessen Horowitz
  • Arena Ventures
  • Aspect Venture Partners
  • Atlas Ventures
  • Benchmark
  • Bessemer Venture Partners
  • Bezos Expeditions
  • BlackRock
  • Blockchain Capital
  • Borealis Ventures
  • Comcast Ventures
  • CrunchFund
  • Drive Capital Jurvetson (DFJ Capital)
  • Draper Fisher
  • Flybridge Capital
  • Elephant Partners
  • Founder Collective
  • Foundry Group
  • F-Prime Capital (Fidelity)
  • General Catalyst Partners
  • Golden Seeds
  • Goldman Sachs Ventures
  • Google Ventures
  • Greylock Partners
  • Highland Capital
  • Javelin Partners
  • Khosla Ventures
  • Kleiner Perkins Caufield & Byers
  • Lightspeed Venture Partners
  • Link Ventures
  • Maveron
  • Menlo Ventures
  • ML Capital
  • New Enterprise Associates (NEA)
  • Nokia Growth Partners
  • Norwest Venture Partners
  • NXT Ventures
  • Obvious Ventures
  • OrbiMed
  • Pelion Venture Partners
  • Relay Ventures
  • Resolute Ventures
  • Sequoia Capital
  • Summit Partners
  • Space Angels
  • SV Angel
  • Thiel Capital
  • Venrock
  • Winklevoss Capital
  • Y Combinator

How does the First Check Fund assemble a great portfolio for me?

  • Our full-time investment team wakes up every morning dedicated to delivering a diverse portfolio to investors.
  • We leverage a scout network and university connections to access deals that most individuals never know about.
  • We only invest in deals or assets that have been rigorously analyzed by our team and other experts.

 

See The First Check Fund Portfolio

“I am in technology in SF, so I have a pretty good venture portfolio around things I know well.  I don’t see much outside of the Bay Area and my sector however.  My alumni fund was a great way to get a more diversified portfolio, and I enjoy being part of a group of classmates investing together.”

Fund Investor

“We’ve been really lucky and participating in the fund was a great way to pay it forward. Both of us were helped by fellow alums at many key points of our lives.  And frankly, we just need more people out there creating solutions to societies key problems.  I feel an obligation to do my part.”

Fund Investor