Rolling Funds

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.

— Leo Polovets (@lpolovets) August 11, 2020

The next-generation of investors is using a publicly marketable, SaaS-like structure for raising their funds.

Raise anytime, raise anywhere. https://t.co/t7ItxwqETz

— Naval (@naval) August 5, 2020

Rolling funds are taking off.

Just in the same way SaaS changed web companies, Angel List have cracked a much better way to connect capital (LPs) to innovation (startups) via insight (GPs).

Well worth understanding as this will likely change venture forever. https://t.co/LorMdTu1eO

— Jude Gomila (@judegomila) August 19, 2020

.@AngelList Rolling Funds are getting quite a bit of attention, and I believe, rightfully so. It's a structure that aims to democratize access to venture investing. We saw globally how BIG that appetite was with ICO's. Angelist is tapping into & enabling a mutli-billion $ trend.

— Yossi Hasson (@yossihasson) August 11, 2020

Neat thing about a rolling fund: it’s rolling. This fund is now $6 million a year! https://t.co/QRQhoEADps

— Sahil (@shl) August 17, 2020

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.

— immad (@immad) August 18, 2020

Rolling funds means that big creators w/ loyal tech&biz audiences can become fund managers.@shl raised $5M in a couple weeks w/ a tweet & a zoom webinar.

There are probably 100+ people who could raise funds this way, as long as they have an audience who trusts their judgement.

— Erik Torenberg (@eriktorenberg) August 13, 2020

There are a LOT of rolling funds being announced these days. All run by great people.

The one I chose to back first: @ShaanVP

🚀 https://t.co/wcqIKURm8Q

— Brenden Mulligan (@mulligan) September 3, 2020

There are a LOT of rolling funds being announced these days. All run by great people.

The one I chose to back first: @ShaanVP

🚀 https://t.co/wcqIKURm8Q

— Brenden Mulligan (@mulligan) September 3, 2020

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.

thread 👇

— paul andersen (@paul_d_andersen) August 7, 2020