You'll notice that all of these VCs do early - stage investments and some are among the horde of new microcap firms that have launched or started a new fund in the past year.
The two microcap stocks (DIT & FRD) that passed the Graham Enterprising screen have current price - to - book - value ratios just above the current cut off (p / book of 0.8) for a new stock to be added to the Shadow Stock Portfolio.