Andrew Romans

Video: https://youtu.be/U6wQ6An_r3E

VC, 3x author, advisor to CVC Groups & Host of podcast - Fireside with a VC https://anchor.fm/FiresideVC.

Top track record: Our first fund (Rubicon Venture Capital) has an IRR of 33.4%, a Multiple On Invested Capital (MOIC) of  3.7x and expects a min 6x cash on cash return. Fund II has a 47.27% IRR, a MOIC of 2.8x and expects a 12x+ return. 

A string of home runs: In recent weeks our portfolio has had great fundraising success with Superhuman raising a $75m round led by IVP, Super Coffee closed $106m round led by Durable, Nylas raising $115m led by Tiger Global, Daily Harvest doubled revenues from 2019 to 2020 breaking $250m ARR and profitable and poised to have a banner 2021 year. Other portfolio companies raising $65m+ rounds. We invested initially in these companies at relatively low valuations such as $8m to $30m for the above.

Co-invest with top VCs: We have co-invested with many top VC firms, angel groups, angels and celebrities including Sequoia, a16z, Benchmark, Bessemer, Battery, NEA, Menlo Ventures, Sierra Ventures, Foundation Capital, Breyer Capital, Softbank, First Round Capital, GV (Google Ventures), Founders Fund, Lightspeed, Floodgate, Greylock, Greycroft, Crosslink, RRE Ventures, Formation 8, 8VC, Venrock, TomorrowVentures, Mark Cuban, Dustin Moskovitz, The Zuckerberg Family, Winklevos Capital, Ashton Kutcher, A-Rod (Alex Rodriquez), Swartzenagger family, Jennifer Lopez, Kevin Hart, Gwyneth Paltrow, Serena Williams and many more.

How our angels and family offices are actively part of our VC process: Some angel LPs take board seats on behalf of our fund and play an active role in the overall VC process on a flexible no minimum time commitment basis. Angels refer deals, can help with DD, join Zoom calls or meetings and events.

Events: Annual BBQ and in-person networking events assembling our network of angel, family office and corporate investors with annual events for all of our LPs and portfolio companies in Silicon Valley, Austin, Miami, New York, London and Singapore to animate the network.

Making VC a liquid asset class: VC has evolved from 10 years ago. There are secondaries happening in most Series B+ rounds. Our fund plans to sell 5-20% of the fund position from time to time to return the fund faster and make the asset class more liquid.

SPVs for deal-by-deal investing: LPs may choose to keep the cash from our early secondary selling or recycle the cash into the growth round or double down and invest more cash in growth rounds. We sell our own secondaries to our own LPs and provide access to later-stage investment rounds normally impossible for angels and family offices to access that expect lower multiples, but expect to exit in a 1 to 3-year time frame.