Overview
CSC Upshot Ventures Management, LLC, a Delaware limited liability company (“Upshot”) is an
advisory firm dedicated to early-stage venture capital investing. Upshot was formed in 2015 by
Huoy-ming Yeh and CSC SV Management Ltd., a Cayman exempted limited company (“CSC
SV”). CSC SV is a wholly owned subsidiary of Shanghai Evergreen Investment Co., Ltd, which is
wholly owned by China Science & Merchants Investment Management Group Co., Ltd., a PRC
company with limited liability (“CSM”).
Upshot provides investment advice to CSC Upshot Ventures I, LP, a Delaware limited partnership
(the “Fund”) that is exempt from registration under the Investment Company Act of 1940, as
amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933,
as amended (the “Securities Act”). Upshot’s affiliate, CSC Upshot Ventures Management GP, LLC,
a Delaware limited liability company (the “General Partner”) serves as the general partner of the
Fund. The General Partner is owned, in part, by Huoy-ming Yeh and CSC SV GP, Ltd., which is in
turn owned by Shanghai Evergreen Investment Co. Ltd., a wholly owned
subsidiary of CSM.
Upshot invests the assets of the Fund primarily, but not solely, in venture capital equity issued
principally by early stage businesses that seek seed capital through the syndicated deal platform
hosted by AngelList Advisors, LLC (“AngelList”), but, subject to certain restrictions, including
those relating to the allocation of a certain percentage of the Fund’s capital resources to deals
sourced from AngelList, is authorized to enter into any type of investment transaction that it deems
appropriate in accordance with the terms of the Fund’s limited partnership agreement, including in
deals sourced outside of AngelList. Upshot’s advisory services consist of investigating, identifying,
and evaluating investment opportunities, structuring, negotiating and making investments on behalf
of the Fund, managing and monitoring the performance of such investments and disposing of such
investments.
As of December 31, 2023, Upshot had total discretionary regulatory assets under management of
approximately $294,826,529 (including uncalled capital commitments). Upshot only manages
assets on a discretionary basis.