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 20-30 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 50+ investment professionals and network of 500k community members
The bottom line: access to great venture deals

Investment Strategy

Co-investing alongside top lead investors

Our Secret Sauce

The world’s most powerful deal flow network

500k

COMMUNITY

500k 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.

410+

PORTFOLIO COMPANIES

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