Always-Open Venture Funds
UPDATE: We are providing more details to everyone interested in the Early Access Program for Rolling Venture Funds here.
We founded AngelList to bring more capital to world-changing startups. In 2013, we launched Syndicates, allowing investors to raise capital for a single startup. In 2017, we launched Funds, bringing the traditional venture fund online. Today, we’re introducing Rolling Venture Funds to further our mission.
As the fund administrator for hundreds of venture funds, we have unique insights to fund management challenges. The biggest friction for fund managers is the process of big-bang fundraising. Here’s why:
We developed Rolling Venture Funds – vetted by the Fund Group at Wilson Sonsini Goodrich & Rosati – to solve these problems.
Similar to how SAFEs brought high-resolution fundraising to startups, Rolling Venture Funds brings high-resolution fundraising to venture funds. With a Rolling Venture Fund, fund managers can now accept new capital in the form of auto-renewing quarterly commitments.
This recurring nature of capital commitment allows fund managers to:
Rolling Venture Funds is the evolution of AngelList's product suite that works for experienced and emerging fund managers alike. With a Rolling Venture Fund, emerging managers require less capital to start investing, while experienced managers can continuously accept new capital commitments, giving them an increasing stream of capital to invest in great startups. In either case, with a Rolling Venture Fund, a fund manager will never need to raise another fund again.
"The huge benefit for a fund manager is that they can raise money incrementally, one investor at a time, rather than having to do a one-time, big-bang fundraise and then lock the fund for four years" explains Naval Ravikant, AngelList's founder and chairman.
To learn more about Rolling Venture Funds, you can sign up for our “Intro to Rolling Venture Funds” webinar here.
*This announcement is not intended to be a recommendation for any investment or other advice of any kind and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction.*