Duro Ventures
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Duro Ventures

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Subscription Amount
$10,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account

Note from Sundeep

We are Jeroen Bertrams, Edward Hu, Dan Hightower & Sundeep Ahuja and we’re Partners @ the Duro Ventures Rolling Fund (DVRF). 

DVRF has a broad thesis but focuses on $10k-$25k checks alongside reputable leads into early-stage tech companies led by founders with strong founder/market fit (except climate impact companies; see Climate Capital). 

We focus on SaaS, FinTech, Digital Health & AI/ML. With the DVRF we can get into deals that move very fast and/or cannot be syndicated.

We’ve invested pre-seed or Seed in 100+ amazing companies which received strong follow-on rounds including SandboxVR (a16z), Substack (a16z), Shef (Craft), Turing (Foundation), Mighty Buildings (Khosla), Osana Salud (General Catalyst), Moonshot Brands (Liquid2), Albedo (Initialized), Clicoh (Tiger Global), Republic, Rescale (Richard Branson), Sandbox VR (A16Z), Collective (General Catalyst) and Unsupervised (Coatue). Numerous strong exits which include Goodreads, TrueBill & Prodigy

We’ve also invested in 100+ YC companies, enjoying one of the very best reputations among YC founders.

How we get access:
  • Via DVC a syndicate with several partners spanning different verticals & geographies; we work closely on sourcing/diligencing.
  • We are often referred to companies through existing portfolio founders.
  • Our “founder first” reputation often gets us into oversubscribed deals, especially when we invest out of a fund (vs. syndicating).
We offer reduced carry for larger fund investments:
Jeroen’s background (more on LinkedIn):
  • Former founder (2 successful exits) turned full time investor 
  • Investor: 16 unicorns including Notion, Rappi, Snapdocs, Truebill, Branch and Carta
  • Author of 11 books on growth, online marketing & strategy
Edward’s background (more on LinkedIn)
  • Former founder in travel tech and operator turned full time investor
  • Focused on security and infrastructure in web3 by investing alongside A16Z, Orange DAO, and MVP-Ventures
  • Strategic advisor and GTM strategist to multiple portfolio companies
Dan’s background (more on LinkedIn)
  • Currently Product at AngelList, former Carta, and founder x2
  • Focused on health tech as a former US Army-trained physician assistant
  • Growth product/strategy advisor and speaker

Sundeep’s background (more on LinkedIn):
  • Co-founder: RichRelevance (~$96m raised; acq), Sparked (acq), blissmo (acq)
  • Investor: 100+ incl Good Eggs, Substack, Notable Labs, Lively, Turing
  • 3yrs BD @ AWS (startup team); 1.5yrs Partner @ Republic (investment platform)
Note: our collective Partner commit each quarter is $6k; the $2500 number below only reflects the GP’s (Sundeep’s) commit.
Sundeep

Investment Details

Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$10,000
Management Fee
2% per annum over each fund's 10-year life, payable quarterly over the first two years.
Carry
Twenty percent (20%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. Last quarter, this fund closed $93k in capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Sundeep 's personal subscription per quarter will be at least $2,500 in total.

Investor FAQ

How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Duro Ventures' future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The fund lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.

Apply To Subscribe

Subscription Amount
$10,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account