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Reciprocal Venture Management
Reciprocal Venture Management, L.L.C. is an SEC-registered investment adviser in New York, NY, registered since 2022. The firm manages $197 million in assets.
Reciprocal Venture Management
Reciprocal Venture Management, L.L.C. is an SEC-registered investment adviser in New York, NY, registered since 2022. The firm manages $197 million in assets. It has 5 employees and 3 investment advisers.
General information
Firm type
Venture Capital
Year founded
2015
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
David Magerman
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Reciprocal Venture Management?
David Magerman serves as Managing Partner and makes final investment decisions, drawing on his background as a computer scientist at Renaissance Technologies. He built early NLP systems there before founding Reciprocal in 2015. The firm operates with a lean team, and Magerman's quantitative philosophy drives the investment committee process.
Which sectors does Reciprocal emphasize?
Reciprocal invests across enterprise software, AI/ML, fintech, digital health, cybersecurity, and industrial technology. The firm's selection process prioritizes sectors where large datasets exist and quantitative scoring can isolate durable technology advantages.
What is Reciprocal's known posture on follow-on investing?
Reciprocal reserves capital for follow-on investments in portfolio companies that meet quantitative performance thresholds. The firm's data models track ongoing signals—revenue velocity, engagement metrics, technical milestones—and trigger additional allocation when companies clear predetermined benchmarks.
How does Reciprocal's quantitative background influence risk management?
The firm applies portfolio-construction techniques more common to hedge funds than venture capital, including concentration limits, correlation analysis across portfolio companies, and systematic scenario stress-testing. This framework aims to reduce the idiosyncratic risk typical of concentrated early-stage portfolios.
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