Frontier Fund

Smart, Simple Venture Investing in Up-and-Coming Tech Hubs

Investment Thesis

Finding Value in Markets Across the U.S.

The Frontier Fund seeks out investments across the U.S. to take advantage of more attractive, risk-adjusted valuations in regions that represent the rising frontier of venture.

  1. Data shows that 70% of venture capital investment goes to companies in three states – CA, NY, and MA
  2. Statistically, the bulk of your returns in VC will come from a small number of deals. Therefore, investors need a large number of deals (25+) to maximize the odds of seeing a home run, and diversify to minimize risk
  3. Regions outside of the big three offer lower operating costs and more attractive valuations
  4. Exit multiples by U.S. regions: Northeast 3.89x, West 4.29x, South 4.35x, and Midwest 5.17x

How it Works

Data-driven and process-based investors

Deal Sourcing and Diligence

  • 40 investment professionals sourcing deals out of 5 offices
  • Supplemented by eyes & ears support from our network of 350K+ alumni
  • Data-rich and process-based diligence with rigorous deal scoring
  • Experienced and specific Investment Committee support
  • Co-invest alongside world’s best venture investors

Investment Process

  • Every deal sourced by one of our alumni funds is screened to determine if it fits within the Elite Engineers Fund investment mandate
  • AVG’s centralized investment team, led by our CIO and office of investing, makes investment selections from the potential deals to optimize diversification by stage, sector, and geography to create a portfolio of 30-40 deals
  • Elite Engineers Fund portfolios are constructed over a period of approximately 12-18 months and represent a mix of deals sourced and sponsored by our alumni funds

Smart, Simple Venture Investing

Open to All Accredited Investors

Smart

  • Portfolio consists of 30-40 companies, diversified by stage, sector, and geography within the investment mandate
  • Venture portfolio professionally managed by our experienced investment team
  • Co-Invest alongside the worlds best venture investors

Simple

  • $50K minimum investment
  • Online signing process takes just minutes
  • World class support from our Investor Relations team

Frontier Fund Portfolio

Made possible by our 40+ investment professionals and network of 400k community members
The bottom line: access to great venture deals

Frontier Fund Management Team

Led by experienced venture capitalists

Notable Deals:
Heal
Grub Market

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Greg Baker
Senior Partner

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Anton Simunovic
Chief Investment Officer

Advisory Board

Notable Deals:
Intuit, Sapho, Jenny Craig, Group

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Michael Collins
Chief Executive Officer
Notable Deals:
Relayr, Exicure<

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Wayne Moore
Partner
Notable Deals:
Relayr, Heaven’s Door

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David Beazley
Managing Partner

Investment Strategy

Co-investing alongside top lead investors

Our Secret Sauce

The world’s most powerful deal flow network

400k

COMMUNITY

400k alumni of top universities engaged in our venture ecosystem.

#1

MOST ACTIVE VC FIRM

AVG was recognized by PitchBook as the most active VC firm in the U.S. in 2018.

336

PORTFOLIO COMPANIES

Invest in deals most individuals never know about or get access to.