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Disclosures

Investing in venture capital funds is inherently risky and illiquid. It involves a high degree of risk and is suitable only for sophisticated and qualified investors. Performance of past deals or a lead investors' track record is not a guarantee of future returns.

AngelList Advisors, LLC is an investment adviser that reports to the Securities and Exchange Commission as an exempt reporting advisor. The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, service, product, or legal, tax, or financial advice of any kind, and shall not constitute or imply an offer of any kind. Any investment opportunities and/or products or services shown here will only be completed pursuant to formal offering materials, a letter of intent, and/or any other agreements as determined by AngelList containing full details regarding risks, minimum investment, fees, and expenses of such transaction.The terms of any product, service, or particular investment opportunity, including size, costs, and other characteristics, are set forth in the applicable constituent documents for such product, service or particular investment opportunity and may differ materially from those presented in this presentation.  Such terms are subject to change without notice. 

All examples of past investments featured are purely for illustrative purposes only and do not reflect the entirety of investments made on the AngelList platform. There is no guarantee that any fund will achieve the same exposure to or quality of portfolio companies held by any existing angel or fund. 

AngelList returns data include investments by institutional and professional investors that have superior access to deals and information. Returns for these investors may differ materially from returns achievable by other investors on the AngelList Platform.

Quotes included in these materials related to AngelList's services should not be construed in any way as an endorsement of AngelList's advice, analysis, or other service rendered to its clients.

Views expressed in “posts” (including blogposts, podcasts, videos, and social media) and those of the individual AngelList personnel or guest authors quoted therein and may not be the views oa AngelList Advisors, LLC or its respective affiliates.

About our Data

All figures on angellist.com are as of December 12, 2022, and are subject to change without notice. Data may differ or be contrary to opinions expressed by others. Any charts provided here or on any AngelList content distribution outlets are for informational purposes only, and should not be relied upon when making investment decisions. We undertake no obligation to provide updates or revisions. Certain information provided here may have been obtained from third-party sources, which AngelList has presumed to be reliable but has not independently verified such information and makes no representations about the enduring accuracy of the information.

All examples of past investments featured are purely for illustrative purposes only and do not reflect the entirety of investments made on the AngelList platform. There is no guarantee that any fund will achieve the same exposure to or quality of portfolio companies held by any existing angel or fund. 

AngelList returns data include investments by institutional and professional investors that have superior access to deals and information. Returns for these investors may differ materially from returns achievable by other investors on the AngelList Platform.

An AngelList “deal” is an investment made by a Venture Fund, Rolling Fund, Syndicate (SPV), or Roll Up Vehicle (RUV) hosted on the AngelList Platform.

AngelList Funds refers to any Venture Fund or Rolling Fund on the AngelList Platform. 

AngelList Syndicate or SPV may both refer to any SPV on the AngelList Platform. 

Fund managers refers to any person who has run an SPV or fund on the AngelList Platform.

Investors are any person who has made an investment into a Special Purpose Vehicle, Roll Up Vehicle, or fund on the AngelList Platform.

Returns distributed to investors and fund managers reflects both investor distributions and fund manager carried interest distributions and is entirely realized. 

Top-tier VC firms designation based on internal metrics and is subject to change.

Notable co-investors refers to the investors that invest in the same deals as AngelList fund managers the most frequently. Appearance on this list does not indicate any affiliation with or approval from those investors. 

Unicorns are private companies that have announced funding rounds with post-money valuations over $1 Billion. 

Carry earned by fund managers from capital committed by AngelList platform investors contains both unrealized and realized carried interest earned from investments made by investors who discover the fund manager’s Syndicate or fund via the AngelList Platform.

Estimates of administrative fee saved are based on internal estimates and market rates and may not reflect actual savings.
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Disclaimer:

The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, service, product, or other advice of any kind, and shall not constitute or imply an offer of any kind. Any investment opportunities and/or products or services shown here will only be completed pursuant to formal offering materials, a letter of intent, and/or any other agreements as determined by AngelList containing full details regarding risks, minimum investment, fees, and expenses of such transaction.The terms of any product, service, or particular investment opportunity, including size, costs, and other characteristics, are set forth in the applicable constituent documents for such product, service or particular investment opportunity and may differ materially from those presented in this presentation.  Such terms are subject to change without notice. For more information on AngelList and its products and services, please see here.

Quotes included in these materials related to AngelList's services should not be construed in anyway as an endorsement of AngelList's advice, analysis, or other service rendered to its clients.

TermsPrivacyDisclosures
© Venture. All rights reserved.
Disclaimer:

Investing in venture capital funds isinherently risky and illiquid. It involves a high degree of risk and issuitable only for sophisticated and qualified investors. Performance of pastdeals or a lead investors' track record is not a guarantee of future returns.

Under no circumstances should any posts orother information provided on this website (except as expressly set forth inwriting by ALA)— or on associated content distribution outlets — be construedas an offer soliciting the purchase or sale of any security or interest in anypooled investment vehicle sponsored, discussed, or mentioned by ALA personnel.Nor should it be construed as an offer to provide investment advisory services;an offer to invest in an ALA-managed investment vehicle will be made separatelyand only by means of the confidential offering documents of the specificinvestment vehicles — which should be read in their entirety. There can be noassurances that ALA's investment objectives will be achieved or investmentstrategies will be successful. Any investment in a vehicle managed by ALA orSAX Capital, LLC involves a high degree of risk including the risk that theentire amount invested is lost. Any investments or portfolio companiesmentioned, referred to, or described are not representative of all investmentsin vehicles managed by ALA or SAX Capital, LLC and there can be no assurancethat the investments will be profitable or that other investments made in thefuture will have similar characteristics or results. Past results of ALA's orSAX Capital’s investments, investment vehicles, or investment strategies arenot necessarily indicative of future results.

The contents in here — and available on any associateddistribution platforms and any public ALA online social media accounts,platforms, and sites (collectively, “content distribution outlets”) — shouldnot be construed as or relied upon in any manner as investment, legal, tax, orother advice. You should consult your own advisers as to legal, business, tax,and other related matters concerning any investment. Any projections,estimates, forecasts, targets, prospects and/or opinions expressed in thesematerials are subject to change without notice and may differ or be contrary toopinions expressed by others. Any charts provided here or on ALA contentdistribution outlets are for informational purposes only, and should not berelied upon when making any investment decision. Certain information containedin here has been obtained from third-party sources, including from portfoliocompanies of funds managed by ALA. While taken from sources believed to bereliable, ALA has not independently verified such information and makes norepresentations about the enduring accuracy of the information or itsappropriateness for a given situation. The content speaks only as of the dateindicated.

AngelList returns data include investments byinstitutional and professional investors that have superior access to deals andinformation from AngelList and leads. Returns for these investors may differmaterially from returns achievable by other investors on the AngelListplatform.

Valuations are generally marked to a company'slatest priced financing round, as disclosed to AngelList. While AngelList'svaluation sources are believed to be reliable, AngelList does not undertake toverify the accuracy of such valuations. Companies that have not received newinvestments in a priced round since the last mark are held at cost or may bemarked down at AngelList's discretion according to its valuation policy.Valuations and returns do not account for liquidation preferences and othernon-financial terms that may affect returns. Investments in later-stagecompanies may be sent to a third-party for valuation if (i) the company'sestimated value is over $100M, (ii) the investment is estimated to be worthover $10M and (iii) 24 months have passed since the last investment. Valuationspresented herein are calculated as of the date disclosed on the slide on whichthey are presented and have not been audited by a third-party. Contact us forfull details on our valuation methodologies.