Assertion Not checkable as stated
Malinar: Private funds have nearly overtaken public markets in size
“Today, the private fund industry is almost overtaken the public markets. There are trillions.”
Assertion Not checkable as stated
Malinar claims Avestor is the only customizable evergreen fund platform
“We are the only platform in the world which offers a customizable fund, and a customizable fund is an evergreen fund.”
Assertion Not checkable as stated
95% of Avestor LPs prefer picking specific deals over blind pools
“What we have found is 95% of our investors really prefer to pick and choose which deals you want, which asset classes you want, which timeframe you want.”
Assertion Not checkable as stated
Malinar claims Avestor has under 5% lifetime fund churn
“In fact, it's strange that you mentioned that we have probably the lowest amounts of churn, less than five percent for a SaaS business.”
Disclosure
Avestor gave up single-digit equity for its sub-$1M seed round
“They are in the single digit range or less.”
Assertion Not checkable as stated
Facebook ads outperform Google and YouTube for Avestor's fund SaaS
“And but Facebook has been the most effective so far.”
Assertion Not checkable as stated
Avestor charges 30-50 bps AUM fees across 100+ hosted funds
“We have more than a hundred funds now, and based on the assets under management, we charge a AUM fee, which ranges from 30 basis points to 50 basis points of the AUM, so.”
Assertion Not checkable as stated
Avestor manages about $60M in total AUM across customer funds
“It's still low, growing. It's about sixty million.”
Assertion Not checkable as stated
Only 30 of Avestor's funds have closed their first deal
“About 30 funds have done their first deal. 30 funds have launched, still waiting for their first deal.”
Disclosure
Avestor charges a $400 monthly minimum fee covering $1M AUM
“There is a minimum of 400 dollars per month, even if you have so we have kind of converted into a membership model where you have to pay 400 dollars because we have a mastermind where people can interact with other fund managers, and that 400 dollars a month i…”
Assertion Not checkable as stated
Avestor hosts fewer than 1,000 LPs across its 100 funds
“It's still less than a thousand.”
Disclosure
Avestor raised under $1M seed from early customers and LPs
“We raised a little less than a million dollars, not because we really needed the money. We wanted to reward our early investors in our fund and the early fund managers. So they wanted to invest. And so we raised that.”
Disclosure
Avestor plans to explore Series A in late 2023 or 2024
“I think we'll look at a series, say maybe end of the year or early next year.”
Assertion Not checkable as stated
Avestor stopped its seed round early because it nears cash-flow positive
“We didn't even complete the seed round because we are almost cashflow positive anyway.”
Disclosure
Avestor runs a $5M internal fund to test transaction volumes
“The company run fund is less than five million, about five million dollars. It's less than the intent of that fund was never to grow the fund. It was purely to test out large volumes of transactions.”
Assertion Not checkable as stated
Avestor had 25 to 30 funds on platform one year ago
“We had less than I would say, 25 funds or so. So 25 or 30 funds about a year back.”
Disclosure
Avestor runs with 7 US employees and 12 in India
“There are about seven full-time folks in the U S and about a dozen in India.”
