Our investment process is driven by experience, efficiency, transparency, professionalism, and fairness. We expect three-quarters of our investments to be institutional venture rounds led by a top-tier venture firm. By exception, we will invest in early stage businesses with a strong investing syndicate in place, backing a serial entrepreneur. We do not lead rounds, set valuations, or take Board seats. Our Investment Committee is composed of 10-15 of our investors with long careers in the investment and Penn entrepreneurial ecosystems. We meet regularly in smaller groups to evaluate all new investment opportunities.