NOTE: Different funds have different profit-sharing structures; see AV's full Fees & Profit Sharing disclosure here. Alumni Ventures Key Terms Investment Amount: $10K - $3M How to Invest: With cash, trusts, retirement funds, or vehicles created for non-U.S. citizens. Management Fee: AV charges an amount equivalent to 2% annual management fee for a fund’s 10-year anticipated term. Loyalty rewards for commitments at qualifying threshold; see here for more information. Profit Share: Investors are typically paid proceeds from investments within 45 days following the quarter in which a portfolio company exits or provides a distribution. After all capital contributions are returned to investors, including the entire management fee, Alumni Ventures shares profits 80/20 (80% to investors and 20% to Alumni Ventures). One Capital Call: AV will take its management fees when you fund your commitment and charges the fund no other expenses for items such as travel, fund formation, accounting or other admin-related costs, so you will not be subject to any additional capital calls throughout the life of the fund. Term: Liquidity is provided over 10 years as investments exit. There are no more management fees if a company remains in a fund beyond 10 years. Retirement Account Investing? Yes, available. 18