Institutional Venture Management XV, LLC

Important reporting caveat: 13F filings only cover long positions in certain US-listed equity securities above $2,000 fair market value. They do not show private holdings, derivatives, short positions, cash, or non-reportable instruments. The large reduction in reported 13F assets therefore could reflect liquidation into non-13F assets or transfers, not necessarily a full exit of the firm’s investment activity.

Key Holdings

• ZIP (ZIPRECRUITER INC): $12.49 million value, 2.96 million shares — 91.35% of the reported 13F portfolio. This is the dominant position by far. The filing also shows a reported reduction in this stake of -35.6% (a $10.55 million reduction) versus the prior quarter, implying the prior ZIP position was roughly $23.04 million.
• LULUS FASHION LOUNGE HOLDING: $1.18 million value, 252,000 shares — 8.65% of the portfolio. This position is small in absolute dollar terms and represents the only other reported holding.