Earlyasset Capital acquires secondary positions in revenue-generating, high-growth private companies — bypassing early-stage risk while capturing the upside of companies already on their trajectory.
Today, more than 80% of all venture secondary volume flows to a handful of household names — SpaceX, OpenAI, Stripe, Databricks, and a few others. The rest of the market is effectively closed. Shareholders in hundreds of exceptional companies can't find an institutional buyer.
Earlyasset Capital was built to change that. We partner with companies to bring real liquidity to shareholders who have earned it — in businesses that deserve institutional attention but rarely receive it.
"The best secondary deals are the ones nobody else is looking at."
Venture-backed companies are staying private longer, creating a massive and growing pool of shareholders seeking liquidity before an IPO.
Secondary markets are inefficient. Motivated sellers, lack of price discovery, and limited institutional buyers create persistent mispricings that favor disciplined capital.
As the exclusive financial partner of Earlyasset.com, we see deal flow that no other fund has access to — proprietary sourcing built directly into the platform.
Buying secondary means we skip the early-stage speculation. Every company we invest in already has meaningful revenue, institutional validation, and a proven growth trajectory.
Earlyasset Capital employs a focused secondary strategy — buying minority positions in a concentrated portfolio of exceptional growth-stage companies.
We run a concentrated book — typically 15 to 25 positions. Concentration lets us go deep on every company we own, maintain high conviction, and avoid the index-like returns of diversification for its own sake.
Our exclusive relationship with Earlyasset.com gives us first access to sellers on a platform built specifically for the venture secondary market. We don't compete on the same deal flow as generalist secondaries funds.
We underwrite every company from the ground up — revenue quality, growth durability, market structure, cap table dynamics, and path to liquidity. We don't rely on last-round pricing as a proxy for value.
Every company in the portfolio must meet our Law of 30 criteria — three quantitative thresholds that filter for businesses with proven scale, durable growth, and sound unit economics.
$30M+ in annual revenue confirms real market demand and a business that has moved decisively past early-stage survival risk. This is a non-negotiable floor.
3030%+ year-over-year revenue growth signals continued market expansion and product-market fit. We want companies that are still accelerating, not coasting.
3030%+ gross margins demonstrate a business model with structural leverage. High-growth, low-margin businesses often burn cash to grow — we want companies where growth creates value.
30In addition to the Law of 30, portfolio companies must be at Series B stage or later. This ensures institutional validation and a credible path toward a liquidity event — IPO, strategic acquisition, or otherwise — that creates a clear return pathway for fund investors.
Earlyasset Capital is structured for qualified investors seeking disciplined secondary exposure to venture-backed growth companies.
Family offices, endowments, and foundations seeking venture exposure with a later-stage, secondary risk profile — lower J-curve, faster capital deployment, and more visible exit pathways than primary funds.
Accredited investors and qualified purchasers who want direct secondary access to a curated portfolio of growth-stage private companies — without the complexity of direct deal execution.
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