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Unlike traditional venture funds, Rolling Funds fall under SEC Rule 506(c), which means they’re publicly marketable.
Our always-on quarterly subscription model means you can start investing with less capital upfront.
Leverage portfolio markups and accept new capital quarterly, so you never need to raise another fund again.
Strongly agree. I paused a fund when I founded a company; because of the overhead. Restarted once rolling funds launched.
Running a fund had a lot of overhead. Running a rolling fund is <10h/yr of overhead.I learn a ton by investing, which improves my performance as a founder.
A lot of people ask me why I “chose” to start a fund vs join one as if VCs were beating down my door to join their firms. (Spoiler alert: they weren’t)
AL has really started to democratize venture, I would never be a fund mgr if they didn’t make it feasible to roll my own.
1. Limited Partners love the flexibility of quarterly commitments - they can easily increase or decrease their commitments as needed.
2. @AngelList has created a seamless way for LPs to submit their commitments and VC funds to make investments. We have already made two investments from the Texas Fund (one day after closing).
I don’t think many people have fully wrapped their minds around what AngelList is doing to seed stage investing
100% Agree!
It’s making angel investing way more accessible.
I’m in 8 rolling funds and participated in a bunch of SPV and other deals on a bunch of platforms.
Sequoia and other big firms are great but I couldn’t give them my money (I tried lol).
Rolling funds make founder investing interesting because they are so low friction.
Who is in a better position to see interesting young companies than connected entrepreneurs?
This is becoming commonplace and it’s hard to imagine the trend reversing.
Time to build, indeed
Doing a rolling fund with @angellist has been a great experience.
Simplifying back-office, raising/LP management, and investing has allowed us to focus almost exclusively on new investments and working with the portfolio.
They are breaking down many of the barriers in venture
Read what people are saying about Rolling Funds.
1% annual of fund size
($25k cap)
No carry on your own LPs
5% carry on AngelList LPs
0.15% annually of contributed capital
Calculate feesNo carry on your own LPs
5% carry on AngelList LPs
$8k setup fee
No carry on your own LPs
5% carry on AngelList LPs
