Our Philosophy
Culture is a shared way of doing things with passion. We live in a natural, focused and uninterrupted life at EG for the next 10 years.
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We begins from the best VC/PE research institute in China.
The in-depth coverage of best practice in venture capital leads our road to FoF and the most valuable investors in this world.
At Envolve Group, we have already created a comprehensive study on all of the great investors in the history of venture capital and private equity. We have carefully selected 50 GPs. (50 is all we need)
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NEA is the stepstone of cutting-edge technology of the last four decades, the hidden force behind the digital revolution
Union Square Ventures is the
"sociologist" in the VC business. They are patient observers of less-obvious social changes, and derive their investment thesis from their observation.
Maveron fund upstarts, the disruptors, the slayers of the old consumer guard.
They help driven entrepreneurs rewrites the rules and build lasting consumer brand
It‘s a new game.
We are expecting new players to fill.
One of the most experienced LPs in the Venture Capital investing business, with over 20 years of investment history.
The largest education-dedicated VC fund globally. They proved it's possible to pursue both financial goals and social objectives, and be pretty good at both.
investment return = social return + financial return.
Reports a la carte:
Research is the right amount of systematic work
that helps you get necessary understanding for
strong execution with high conviction.
When we are talking about research,
we are talking about execution with high conviction seriously.
From these research, we can figure out a set of unique qualities that the best performing GPs have in the next 10 years.
Take IRR as an example:
At the current market environment,
if there are GPs that present their fund opportunities benchmarked by their own IRR,
they are either lying to you, or fooling themselves.
The purpose of this analysis is to differentiate whether the IRR of a prospective GP comes from the market valuation hype, or from quality growth of portfolio companies.
Through a combined approach of quantitative and qualitative analysis, we can understand whether the GP's stated IRR is a reliable indicator of their future performances, in a way that traditional analysis on IRR won't do.
IRR Breakdown Analysis
EXIT
EXIT
EXIT
EXIT
Deeply involved in their portfolios' strategy and operation. Source of return comes from their value creation capability, not just from their investment decisions.
Extremely vocal about their opinion of the market and specific companies, willing to put up personal credit for the founders they backed.
Strong deal-sourcing and execution ability. They "squeeze in" some of the hottest deals in the market where other can't access or won't compete.
They maintain a consistent thesis of the market by being highly selective about what they invest in. Exit via IPO/M&A after investing multiple rounds to secure a meaningful stake.
The Hands-on, Operational GP
The PR and Marketing GP
The Wave-riding GP
The Sniper GP
We've made GP Profiles
by Return Generation Capability
US
China
＜$150M
＜$350M
＜$750M
＜$1B-3B
＞$3B
￥1亿
￥2.5亿
￥5亿
￥10亿
￥30亿
Top 1%
The best GP we can discover in this category
Top 10%
Will be able to generate market-beating return, proven value creation capability
Top 25%
High potential GP with possibility to generate market-beating return, requires further monitoring
Others
GPs that we think is not worth investing in. Does not possess ability to create market-beating return
Profile
GP Profile by return generation capability
This business has a 70-year history, with over 18,769 funds on record. We carefully selected 50 of them to dive into, then go through every bit of details of these 50 GPs, creating an encyclopedia that sets the bar of the game for everyone in the industry.
01
Legendary
$65.93B
（8 Funds）
01
Legendary
$65.93B
Venrock
Bessemer Venture Partners
Greylock
CRV
New Enterprise Associates
Sutter Hill Ventures
Atlas Venture
OrbiMed
They were the forerunners, early backers of some of the most influential modern technologies.
02
Top Player
$477.71B
（11 Funds）
02
Top Player
$477.71B
Benchmark
a16z
Founders Fund
Index Ventures
Institutional Venture Partners
Insight Partners
USV
Maveron
Lightspeed Venture Partners
General Atlantic / Atlantic Philanthropies
Sequoia
They laid out the foundational formulae for venture capital business.
04
Early Stage $2.69B
（ 3 Funds ）
04 Early Stage $2.96B
Farmers of the industry, cultivating the future of innovation.
500 Startups
First Round Capital
Y Combinator
03
Innovation
$463.10B
（ 8 Funds ）
03
Innovation
$463.10B
Baillie Gifford
Obivous Ventures
Owl Ventures
Foundry Group (VC+FOF)
Coinbase/Carta
Iconiq Capital (Merchant Bank for Tech)
Google Ventures (CVC)
Angelist (crowdfunding VC funds)
They are just different. These people are the embodiment of the imagination of this business.
05
Solo GP $1.44B
（ 3 Funds ）
05 Solo GP $1.44B
When everyone is building a team,
they choose to play solo.
Baseline Ventures
K9
Felicis Ventures
06
Buyout
$271.74B
（ 5 Funds ）
06
Buyout
$271.74
Thoma Bravo
Advent International (generalist)
Vista Equity Partners
3G Capital
L Catterton / TSG Consumer
From investing in risk, to managing risk; their relentless execution bring dreams into reality.
07
DON'T do this $12.92B
（ 5 Funds ）
07 DON’T do this $12.92B
Here are some of the most costly lessons in the business that no one will show you.
KPCB
Formation 8
Binary Capital
Crosspoint Ventures
Social Capital - Tribe Capital - TMT SPAC
08
LP
$225.34B
（ 7 Funds ）
08
LP
$225.34B
Greenspring Associates
Truebridge Capital
Kauffman Foundation
UTIMCO
Top Tier Capital Partners
CalPERS
Yale Endowment
Everyone can learn a few things from these most sophisticated investors.
Note: All figures as of December, 2020, unless otherwise indicated.
There is no shortage of quick wit in this business.
We choose to play it slow, be long-term focused and be patient.
