In addition to keeping a clean cap table, Roll Up Vehicles can present significant cost savings over the lifetime of the company. This calculator presents an estimate of savings from using a Roll Up Vehicle over direct investments.
Cost Comparision
This model calculates the lifetime cost difference between a Roll Up Vehicle and direct
investments. You can edit key assumptions & variables below
Additional legal & admin costs for increased cap table complexity
Costs of obtaining shareholder consents
Instrument Conversion Costs
SPV Costs (paid to AngelList)
Direct Invest
83.4k
$11.3k
$38.4k
$11.3k
$18k
$4.5k
-
RUV
9.7k
$225
$768
$225
$360
$360
$8k
Savings
73100.25
$11.1k
$37.6k
$11.1k
$17.6k
$4.4k
-$8
Reset
FAQ
Is the setup fee all inclusive?
Yes. The one time $8k RUV setup cost is all inclusive and covers the cost of all filings (including Blue Sky filings), banking fees, and electronic tax document delivery (K-1s) to the investors in the RUV for the lifetime of the fund.
For No-Fee SPVs, AngelList will only charge for pass through state filing costs.
When are the RUV costs paid
For No-Fee RUVs: The company is sent an invoice for the pass-through state filing costs soon after the RUV is finalized. For Custom RUVs: The setup cost is paid when the RUV is finalizing.
In either case, if the RUV is cancelled, there is no penalty or cost.
Who manages the taxes for the Roll Up Vehicle?
AngelList will manage the SPV's taxes and deliver K-1s to investors as appropriate. The costs for taxes are included in the setup fees for the lifetime of the SPV.
Can our corporate counsel be kept in the loop?
Yes, we often work with the corporate counsel for companies and can keep them in the loop.
Are Roll Up Vehicles economically equivalent to investing directly?
RUVs are economically similar to investing directly if the company is covering the filing costs or setup fees. For tax purposes, the roll up vehicle is a pass-through entity so benefits such as QSBS should pass through.