On April 5, 2012, the President signed the Jumpstart Our Business Startups (JOBS) Act into law. Although the Securities Exchange Commission has yet to draft final rules on the law's implementation, ultimately, the JOBS Act is expected to increase investor access to venture investment opportunities through the elimination of the ban on advertising private offerings and new online portals that enable "crowdfunding".

Inevitably, interest in private venture investing will increase as individual investors become more familiar with the compelling historical returns of venture investing and recent research touting institutional investment strategies and the portfolio benefits of exposure to "alternative" asset classes. Notwithstanding the attractive potential returns of private investing, increased investor access to such opportunities does present new challenges. Investors that private venture investing experience, yet are lured by the potential for high returns expose themselves in the same manner of "tulip mania" investors nearly 400 years ago. More recently, we have witnessed individual investors empowered only with" access" expose themselves to unnecessary losses during the dot-com craze, speculative real estate "flipping" and Forex day-trading.

At the iSelect Fund, we are enthusiastic about the new legislation that increases investor access to private venture investment opportunities, but, we also recognize that access alone is insufficient to increase the potential for favorable investment outcomes. Successful venture investment outcomes are directly correlated to:

• diverse and varied sources of deal flow
• extensive investigative due diligence
• professional business model evaluation by domain experts
• co-investment and collaboration with established venture investors, and,
• persistent ongoing monitoring and oversight

While the iSelect Fund process provides these critical features, it does not act as an investment advisor. Investors must make careful and calculated determinations with regards to the amount of investment that is directed toward private venture opportunities relative to their overall portfolio. Like due diligence and venture business model assessments, we believe that such asset-allocation questions are best addressed with the counsel of professional investment advisors. The iSelect Fund platform was conceived and designed to facilitate allocation collaboration between investors and their advisors.