An Innovative New Benchmark for Venture Capital
Over the past few decades, the AUM growth of index funds has exploded – nearly $11.5 trillion as of December 2023. The diversification, low fees, and liquidity make them attractive to institutional and retail investors alike.
There hasn’t been an institutionally accepted index product for private companies – until now.
Introducing the OPEN Unicorn Index
OPEN (OPENVC.COM) is bringing the revolution of index investing to late-stage venture capital via their Unicorn® Index. This index is designed to track the performance of 50 large U.S.-based unicorns, enabling better transparency and access to the world’s most innovative private companies.
Developed alongside experienced partners, its methodology covers constituent selection, data sourcing, rebalancing, and daily pricing. Unlike peers, OPEN’s index is externally administered, merges private and public data, and is enriched by multiple sources of secondary transaction data, resulting in an unmatched view of pricing.
This index and the pricing supporting it represent a paradigm shift in evaluating innovative private companies, continuing to advance this era of opportunity for investors seeking to monitor and track high-growth venture-backed private companies using a robust yet transparent methodology.
What You’ll Learn:
- The evolution and significance of index funds in venture capital.
- How the OPEN Unicorn Index is structured and its unique methodology.
- The benefits of using the OPEN Unicorn Index for tracking late-stage private companies.
- Insights into the performance of 50 large U.S.-based unicorns.
Meet Our Speaker: David Shapiro
David is the Co-Founder and CEO of OPEN, a New York Stock Exchange-backed fintech focused on bridging public and private markets by introducing index investing for unicorns. Prior to OPEN, David was a banker at Goldman Sachs in their Technology, Media, and Telecommunications Group, covering various transactions including Dell’s reemergence to the public markets and Bentley Systems’ direct listing. After Goldman, David worked as an Investor at a family office based in Houston, focused on opportunistic buyouts and real estate.