Introducing the Unicorn Index Fund

The Unicorn Index Fund (UIF) is a venture index fund that tracks an overlying index of the Top 50 US-domiciled venture-backed private companies including, SpaceX, Stripe, and Fanatics. The UIF provides investors exposure to a basket of sought-after brand names in a low-fee, liquid vehicle.


OPEN charges a 2% management fee and no performance fee - significantly cheaper than traditional VC fees of 2% & 20%.


OPEN plans to hold 30-40 of the top 50 constituents as determined by the Unicorn Index.

Market Opportunity

OPEN is purchasing these securities on the secondary market, where many companies are trading at significant discounts to last primary round.

Example companies in the Unicorn Index


Why late stage venture?

Historically, pre-IPO is a great time to buy

Late-stage venture capital investments typically generate higher returns than any other stage in the asset life cycle.

On average, participating in private markets results in a 66% gain on investment six months after IPO, while purchasing at close on first IPO trading day results in a 1.4% loss.*

Mean Annualized Returns 6 Months After IPO

App screenshot

*Source: Manhattan Venture Partners, Pre and Post-IPO Returns Analysis. May 9 2022.

With all that in mind, would you rather own fund units in:

Traditional VC Growth Fund

Fees: 2% Management Fee, 20% Carry

Holdings: 7-8 of the largest 50 Unicorns

OPEN Unicorn Index Fund

Fees: 2% Management Fee, 0% Carry

Holdings: 30-40 of the largest 50 Unicorns

Request a fund fact sheet.

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This information does not purport to be complete and no obligation to update or otherwise revise such information is being assumed. No person may treat this document as constituting either an offer to sell, or a solicitation of an offer to buy, any interest in this or any other fund. The information contained herein is not intended to provide, and should not be relied upon for accounting, legal or tax advice or investment recommendations. Any reproduction or distribution of this document, in whole or in part, or the disclosure of its contents, without the prior written consent of OpenVC, Inc. is prohibited.