-35%

est. 2Y upside i

Enabling banks have a fintech-style loan origination process

Rank

#4013

Sector

Venture Capital

Est. Liquidity

~7Y

Data Quality

Data: Low

Digi Ventures is a venture capital management company — not a startup — which fundamentally changes the equity analysis.

Last updated: May 14, 2026

Bull (10%)+100%

The Opportunity Fund achieves top-quartile returns driven by portfolio exits comparable to Prevoty (Imperva) and HelloGiggles (Time Inc.), enabling Digi Ventures to raise a larger Fund II and generate meaningful carried interest distributions. Management company equity could double in value, but even in this scenario realized carry is unlikely within a 2-year window given typical VC fund cycles of 7-10 years.

Base (45%)-20%

The fund generates modest management fees from an undisclosed AUM base sufficient to keep the 2-person firm operational, but exits are slow and carry distributions remain years away. Management company equity declines modestly in real terms as the firm competes against better-capitalized LA peers like BAM Ventures and Riot Ventures for deal flow, compressing the portfolio quality over time.

Bear (45%)-80%

The Opportunity Fund underperforms its hurdle rate, generating no carry and leaving management fees as the sole income stream for a 2-person firm with high fixed overhead relative to AUM. With no disclosed fund size, no follow-on capital raised, and intensifying competition from established LA-based VCs, the management company's equity could be near-worthless as the firm winds down or fails to raise a successor fund.

Est. time to liquidity~7.0 years

Preference Stack Risk

low

Funding Intensity

0%

Not applicable in the traditional sense — Digi Ventures is a VC fund manager, not a venture-backed company; LP preferred returns and hurdle rates replace the typical preference stack, but total AUM and fund size are undisclosed, preventing any quantitative assessment.

Dilution Risk

high

Future fund raises and potential new GP/partner additions could dilute carry allocations and management company equity for early employees, with no disclosed terms governing such dilution.

Secondary Liquidity

none

Management company equity and fund carry in a 2-person boutique VC firm have no secondary market; liquidity is entirely dependent on fund exits or an acquisition of the management company, neither of which is signaled in the data.

Questions to Ask at the Interview

Strategic questions based on digi's data — designed to show you've done your homework.

  • 1

    “What is the total committed capital in the Opportunity Fund, and how much dry powder remains — and what is your target for a Fund II raise and timeline?”

  • 2

    “How is carried interest structured for team members: what percentage of the carry pool is allocated to non-GP employees, and are there clawback provisions or co-investment requirements?”

  • 3

    “Is the equity component of this offer carry in the current fund, equity in the management company, or both — and can you share the fund's current TVPI/DPI and estimated time to first carry distribution?”

Community

Valuation Sentiment

Our model estimates -35% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.