Sharing thoughts today about

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• Sharing thoughts today about
• SMART INVESTING
• in alternative assets

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Smart Investing in Alternative Assets

• Choose your Weapons
• Evaluate Risks and Returns
• Understand the Terms

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Smart Investing in Alternative Assets

• Choose Your Weapons
• Its a buyers market. Choices abound.

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Smart Investing in Alternative Assets

• Examples of funds seen in the market recently

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Smart Investing in Alternative Assets

• Choose your Weapons
• Evaluate Risks and Returns
• Understand the Terms

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Smart Investing in Alternative Assets

• Evaluate Your Own Risk/Return Equation
• Volatility?
• Capital Efficiency?
• Cyclicality?
• Liquidity?
• Social Impact?

Information Technology
Life Sciences
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Smart Investing in Alternative Assets

• Evaluate Your Own Risk/Return Equation
• Volatility?
• Capital Efficiency?
• Cyclicality?
• Liquidity?
• Social Impact?

Pharmaceuticals
Software
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Smart Investing in Alternative Assets

• Evaluate Your Own Risk/Return Equation
• Volatility?
• Capital Efficiency?
• Cyclicality?
• Liquidity?
• Social Impact?

Consumer Products
Distressed Debt
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Smart Investing in Alternative Assets

• Evaluate Your Own Risk/Return Equation
• Volatility?
• Capital Efficiency?
• Cyclicality?
• Liquidity?
• Social Impact?

Land
Currency
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Smart Investing in Alternative Assets

• Evaluate Your Own Risk/Return Equation
• Volatility?
• Capital Intensity?
• Cyclicality?
• Liquidity?
• Social Impact?

Commodities
Cleantech
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Smart Investing in Alternative Assets

• Choose your Weapons
• Evaluate Risks and Returns
• Understand the Terms

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Smart Investing in Alternative Assets

• Understand the Terms
• What does it cost me to invest?
• What is my follow-on exposure?
• What is my downside?
• How and when do I get my money back?

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Smart Investing in Alternative Assets

• Understand the Terms
• What does it cost me to invest?
• What is my follow-on exposure?
• Own business continue to fund, or risk personal
  assets
• Angel investment continue to fund, or risk
  cram-down
• Angel group (LLC) investment other angels may
  cover follow-ons
• Fund investment maximum exposure is original
  commitment
• What is my downside?
• How and when do I get my money back?

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Smart Investing in Alternative Assets

• Understand the Terms
• What does it cost me to invest?
• What is my follow-on exposure?
• What is my downside?
• How and when do I get my money back?

Maximum loss original investment
Should recover some capital
May lose more than invested
Leveraged (margin) Investing
Preferred Stock
Common Stock
Unsecured Debt
Secured Debt
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Smart Investing in Alternative Assets

• Understand the Terms
• What does it cost me to invest?
• What is my follow-on exposure?
• What is my downside?
• How and when do I get my money back?
• Mandatory Reinvestment
• Lockup Periods
• Waiting to Exhale (Exit)
• Cash-on-Cash vs. Book Value IRRs

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Smart Investing in Alternative Assets

• Summary Invest Smart
• Choose your Weapons
• Its a buyers market the choice is yours.
• Evaluate your Risk/Return Equation
• Decide on your own need for Diversification,
  Capital Efficiency, Counter-cyclicality,
  Liquidity, and Social Impact.
• Understand the Terms
• Ask the questions, map it out in, out.

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Smart Investing in Alternative Assets

• For more information, please contact
• Laura Roden
• Founder Managing Director
• VC Prive LLC
• 650.206.2523
• Lroden_at_VCprive.com
• Securities represented by VC Prive are offered
  through Internet Securities Inc, member
  FINRA/SIPC.