Practical Venture Capital is a Silicon Valley VC firm focused on venture capital secondary. They buy LP and GP interests in early-stage venture funds and direct secondary in breakout portfolio companies. Their "Skip the J-Curve" strategy involves buying venture portfolios and companies when they are 5-10 years old, after winners have emerged. They aim to provide investors with discounted access to top-performing funds and cut the typical 10-15 year VC holding period in half.