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Davidovs Venture Capital
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Subscription Amount
$30,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Nikolai Davidov; Marina Davidova
Hi, we are Marina and Nick Davidovs, a family of founders. We make products and companies, invest in people, and enjoy giving back. In 2021, we reimagined early-stage venture capital by launching DVC – a fund powered by a collective of 150+ AI engineers, founders, and angel investors who are also our limited partners.
Since inception, we've invested in over 100 pre-seed, seed, and Series A companies, including industry leaders like Perplexity AI, Etched, Collectly, Kick.co, and Humand. We maintain a consistent pace of 8-10 new investments quarterly, building a portfolio that grows not just in size but in interconnectedness. Many of our portfolio founders actively support each other, refer new opportunities, and have even chosen to invest back into the fund—creating a virtuous cycle of growth and collaboration.
Our community-driven model sets us apart in the venture landscape. The most engaged members of our collective can advance to become Deal Advisors, Deal Captains, or Venture Partners, earning carried interest in the deals they help source and nurture. Through our automation and learning program, we've effectively enabled our most active LPs to become "weekend VCs," creating opportunities for deeper involvement in the startup ecosystem.
Collective Deal Sourcing and Due Diligence automated with AI
We source our deals through our own and DVC collective’s networks, regular events, and founder referrals, while our team continuously conducts focused research to identify potential outliers in our target markets. We've built proprietary AI-enabled automation that enables us to process hundreds of investment opportunities each quarter, allowing us to optimize our team's work and engage relevant LP expertise with a single click. Here’s more on how our pipeline automation works.
Adding Value to the Portfolio through AI and Collective Expertise
In today's competitive Silicon Valley landscape, identifying promising opportunities early is no longer enough. The key is building meaningful relationships with founders and earning our place on the cap table. We typically start with a strategic $50-250k initial investment, then leverage our collective's deep expertise and AI-powered tools to deliver outstanding value to our portfolio companies. This approach has consistently earned us the privilege to participate in follow-on rounds with $300-500k checks when things start really taking off and startups attract top-tier VC attention.
Our founders choose to expand their partnership with us not because of our capital alone, but because of our proven ability to be transformative partners in their journey. Take Perplexity AI, where our collective has sourced approximately 10% of their hires, identified two acquisition targets, and facilitated numerous partnership opportunities. We've systematized this value creation through our AI-powered "Ask2Task" system, which analyzes monthly portfolio updates to both track quantitative progress and identify specific ways we can help. The system automatically matches founders' needs with our LPs' expertise, ensuring we can rapidly mobilize the right support at the right time.
VC Fund as a Product
Over 15 years in the industry, we've developed deep insights into running effective VC firms and value-adding communities at scale. As product founders ourselves, we've taken a unique approach: treating our fund and community as products in themselves — essentially operating as a managed marketplace for startup investment and expertise. This perspective drives everything we do, from conducting systematic customer development interviews and analyzing engagement metrics, to continuously optimizing the user journey for both founders and LPs.
Our team reflects this product-first mindset. Beyond traditional investment analysts and community managers, we employ product managers and engineers who continuously enhance our automation infrastructure and community engagement tools.
More About the LP Community:
150+ engineers, founders, and angel investors: 94% are immigrants, 90% work in tech, 55% write code on a daily basis.
⅓ are founders, including 7 unicorns, many of which we backed with our previous funds or as angels.
⅓ work in Silicon Valley Big Tech: Nvidia, OpenAI, Tesla, Google, Meta, Microsoft, Amazon, Snap, Atlassian, AppLovin, you name it - we probably got LPs who work there.
⅓ are angels or GPs of their own funds (including some of the big ones)
Additional Benefits for LPs
Community Access and Events: We meet online biweekly for pipeline review, quarterly in-person for our cozy LP-founder meetups, and 1-2 times a year for bigger industry events we run. LPs can access the community at any time through our platform or telegram.
Real-time access to the investment pipeline: current LPs can access all information on the companies we’re looking at. Just forward a new deck to the community chat and watch our AI agents do research, write a memo, and add it LP portal in under a minute.
Deal Cap Camp: we run an e-learning course for those interested in effective angel investing and becoming a Deal Captain or a Venture Partner.
Priority on allocations in DVC SPVs that we sometimes make when there’s a later stage follow-on opportunity with a portfolio company or a secondary sale.
Investment Thesis
Focus: Early-stage tech startups in the US founded by repeat founders
Target Areas: AI/ML Products and Infra, Developer Tools, Robotics, AI Healthtech, AI Biotech, AI Enterprise Software, AI EdTech, Creator Economy.
Target Stages: Inception to Series A.
Target Check: Size: $50-250k per deal as the first check. $300-500k checks for follow-ons within the portfolio.
We focus on the areas where we have the best expertise and can provide maximum value, such as AI/ML and back repeat and experienced founders. We invest small checks into pre-seed and seed startups and write follow-on checks alongside top-tier VC firms such as Sequoia, Kleiner Perkins, a16z, NEA, IVP, Khosla, Coatue, and Thiel Capital. Our approach is tailored to invest in highly-competitive deals with startups founded by repeat founders, that are statistically more likely to become unicorn companies. We run scenario analysis to ensure each investment has a feasible 100x potential from its current stage and valuation.
Additional details:
Our approach combines the best elements of traditional VC (deep technical expertise, founder support) with modern rolling fund flexibility (quarterly subscriptions, community-driven insights) and proprietary technology. This unique combination has already produced notable results in our AI-focused portfolio, positioning DVC as a premier choice for sophisticated investors seeking exposure to the next generation of technology leaders in the earliest stages.
Each quarterly fund is a separate 10-year fund (Delaware Limited Partnership) with a 3-month investment period managed by AngelList. Every fund charges 2% of contributed capital as an annual management fee. Returns above the total sum (across all quarters) of the investment are subject to a standard 20% carried interest.
About Nick and Marina:
We are repeat VC-backed founders and operators with more than 15 years of experience investing as angels and managing venture capital firms across Europe and the United States (Gagarin Capital, iTech Capital) consistently providing top-decile returns. Our track record includes Perplexity, Parafin, TradingView, Bitfury, Ecwid (acquired by Lightspeed for $500M), MSQRD (acquired by Meta), Prisma (app of the year on both Android and the App Store), and AImatter (acquired by Google).
In our professional and personal lives, we have always been driven by our values. We believe that integrity is the most solid foundation for optimism since the best future has to be built responsibly, transparently, and with an open heart. The very same values drive our investment strategy - we partner with founders who are helping propel society forward with their ideas, technology, and work. While usually occupying a tiny part of their cap table, we support the founders as much as possible. We will roll up our sleeves and help them iterate to find a product-market fit faster, tap into our network for expertise, strategize on their next round of funding, or just bring them coffee when they need it most.
Nikolai Davidov; Marina Davidova
Investment Details
Subscription Start Date
April 1, 2025
Minimum Quarterly Subscription
$30,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. Last quarter, this fund closed $1.99M in capital.
Fund Lead Commitment
Nikolai Davidov; Marina Davidova 's personal subscription per quarter will be at least $30,000. Nikolai Davidov; Marina Davidova will satisfy their GP commitment in part by waiving a portion of management fees otherwise owed to them by the fund.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Davidovs Venture Capital's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$30,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account