Owning the Future: USVC Explained with Ankur Nagpal

Owning the Future: USVC Explained with Ankur Nagpal

From Limitless: An AI Podcast by Limitless

April 27, 2026 · 20 min · Episode 164

About this episode

Ankur Nagpal discusses how USVC is making it easier to invest in private tech companies like Anthropic and OpenAI.

This 20-min convo with the General Partner of USVC explains how you can invest in Anthropic, OpenAI, and other private deals. Until now, it's been extremely difficult to invest in SpaceX if you're not an accredited investor. USVC is trying to change that. $500 minimum. No accreditation. A real fund holding: - SpaceX (20% via xAI) - Anthropic - OpenAI - Crusoe, Vercel, Sierra, Legora We unpacked: - the backlash - how the fee structure actually works - why NAV matters (a lot) ------ 🌌 LIMITLESS HQ ⬇️ NEWSLETTER: https://limitlessft.substack.com/ FOLLOW ON X: https://x.com/LimitlessFT SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890 RSS FEED: https://limitlessft.substack.com/ ------ TIMESTAMPS 0:00 Intro 0:47 The Purpose of USVC 3:02 NAV and Pricing 8:20 OpenAI Case Study 10:02 AngelList 12:07 Fee Structure Explained 14:03 Portfolio Overview 17:57 Roadmap ------ RESOURCES Josh: https://x.com/JoshKale Ejaaz: https://x.com/cryptopunk7213 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

People in this episode

Guest: Ankur Nagpal

Topics covered

  • investment
  • venture capital
  • technology
  • private equity
  • fund structure

Keywords

  • USVC
  • investment
  • SpaceX
  • Anthropic
  • OpenAI
  • venture capital
  • fund structure
  • accredited investor

Mentioned in this episode

Organizations: USVC, SpaceX, Anthropic, OpenAI, Crusoe, Vercel, Sierra, Legora

More episodes of Limitless: An AI Podcast

Explore listener stats, chart rankings, contacts and more on the Limitless: An AI Podcast podcast page.