TLDR:
- Two Meter Capital, a “GP on demand” model founded by Matt Krna, helps investors manage or unwind their VC portfolios.
- They provide services such as venture portfolio tracking, fund administration, valuation, and sub-advisory roles for investors with startup portfolios.
Over the past 20 years, Matt Krna, a former partner of Softbank Capital, observed the challenges that investors would face in managing their growing lists of funds and companies in the venture capital industry. With the current tough times of lower interest rates and decreased capital investment in startups, smaller VC firms are finding it hard to raise new capital and are in need of assistance in managing their existing investments. This is where Two Meter Capital comes in, offering services to track and report on venture portfolios, handle fund administration, auditing, valuation, and act as a sub-advisor to investors. The company charges its clients a fee based on a portfolio’s NAV and offers services to limit downside and participate in the upside of portfolios. Two Meter also plans to invest in startups alongside their clients, providing a hybrid model that is tech-enabled and cost-effective for family offices, GP clients, and others in need of portfolio management assistance.
