OpenVC and Consilience have recently joined forces to make it simple and affordable to launch evergreen investment vehicles in weeks, creating a more efficient and inclusive space for emerging managers. These two innovative leaders in the fintech industry are now working together to make the market more liquid, with a more streamlined fundraising process and a wealth of resources for those who need it.
In this partnership is Consilience, which is a new category in venture investing that is perfect for forward-thinking VC's out there. With an amazing network, anyone can launch an investment vehicle, either an evergreen fund or not, in just a couple of weeks at a fraction of the cost.
What sets Consilience apart is its ability to take care of all the legal, compliance, and regulatory hurdles that managers face, so they don't need an anchor LP to get started. All they need is great deal flow and a few investors or operators who can participate on a deal-by-deal basis. This means that even those who are just starting out can have access to the tools they need to succeed, without having to go through the traditional hurdles of raising a VC fund in 2 or 3 tranches.
One of the great things about Consilience is that managers can still charge 2/20 plus earn fees on secondary transactions and portfolio support if they want to. This means that even though they are working with a new category of venture investing, they can still earn a fair return for their efforts without waiting years to exit companies.
With the strategic collaboration between OpenVC and Consilience, founders and emerging managers will have access to a wider network of investors, making it easier to connect with the right people. They will also have a more streamlined fundraising process, making it easier to raise capital and get the support they need to succeed. The partnership is a significant step towards improving the early-stage market, and OpenVC and Consilience are eager to work together to make this vision a reality.
Stay tuned for more updates on this exciting partnership.
