Rolling Funds by @angellist is true innovation in the aging art of venture investing. Transparency & convenience go up, while complexity & misaligned incentives go down. Keep pushing @naval @avlok
Joining a rolling fund as an LP for an amount of $ you can afford to risk is a great way to get exposure to one of the greatest asset classes in history without the hard work of accessing/picking deals. What @angellist has done with rolling funds is helping democratize investing.
3/ Rolling funds make it so I don't have to spend 6+ months raising money and I can avoid time on back office work. I can do the thing I love, which is investing.
It also means LPs that wouldn't have access to the tech startup asset class can back me and be part of the upside.
The @angellist Rolling Venture Fund model has been a great fit so far. Psyched to be using it to serve our amazing communities of women and underrepresented founders with capital (finally!). Thanks @MaxJungreis for the highlight.
1/ After reflecting for a while on @AngelList's rolling funds, I believe they will be very disruptive.
Previously the best way to start a VC fund was to build an investing track record. That takes many years. Rolling funds allow people to turn reputations into investing capital.
it's hard to overstate how much of a game changer @AngelList rolling funds are (e.g. @shl's fund) for LPs, GPs & founders.
i nerd out on all things investing & rolling funds are the single most interesting investing related innovation i've seen in a long time.
Haha, rolling funds are to venture capital what Uber was to the taxi industry. Not going to kill it, but going to change the power dynamic and be better for founders.
Rolling Funds are not an overnight product success even though it appears that way. @Naval, @Nivi and the entire @AngelList team worked for over a decade to build the back office and technical/financial infrastructure to launch such a product.
Innovation takes time.
This @AngelList Rolling Venture Fund structure is genius.
More accessible to small LPs to wire capital quarterly;
More empowering to new GPs to roll 10 years of annual management fees into the first 8 quarters;
More committed capital: incentivizes almost evergreen LPs.
Rolling funds by @AngelList is venture for GPs who are founders at heart. Lightweight tool to run fast. Exciting space that will democratize venture for both sides of the LP/GP market. Good for founders too.
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