The fund invests in a subset of syndicated deals. About half of them historically. The investment team consists of experienced investors including Naval (my co-founder). Details here https://angel.co/access-fund
That's a nice advantage you have going -- normally access to the best deals is hard to come by, but by providing the tools by which stand out individuals can achieve leverage in their own deal making through syndication (you're both a technology provider and a channel marketing partner to them), you get their deal flow in return.
The best funds and GPs seem to consistently talk down their unrealized gains as paper gains that need to be steeply discounted. They cast doubt onto themselves willingly, preaching instead to look at cash on cash returns.
