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Prasanna’s Rolling Fund
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Subscription Amount
$6,250+ Quarterly
Subscription Period
4 Quarters
Management Fee
1.75% per year over 10 years
Carry
25%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Prasanna
Note from Prasanna’s Rolling Fund
Prasanna is the Co-Founder & CTO of Rippling.com valued at $1.35B; He is a 2x YC founder (LikeALittle.com); And angel investor in companies like ZeroDown.com, InterviewBit.com both valued at > $100M; Prasanna was ranked #1 in India at TopCoder/Google CodeJam etc and gets some differentiated deal-flow to invest in Indian founders. Being the founder of Rippling (the SaaS distribution platform), he also gets to know break-out SaaS cos early and gets a chance to get into competitive rounds. Naval Ravikant, Babak Nivi, Jeff Fagnan etc are some early backers of this fund.
Dealflow
Being the founder of Rippling (the SaaS distribution platform), he also gets to know break-out SaaS cos early and gets a chance to get into competitive rounds. I also get referrals from top Indian investors.
The investments and returns data above may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and return multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. For additional information, including calculation methodologies, please contact the Fund Lead directly. Past performance is not indicative of future returns.
Any companies and venture partners featured above are referenced due to their notoriety in the startup and venture capital community. These references are provided for illustrative purposes only and are not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.
Prasanna
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$6,250
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 1.75% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
25%
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 $32.08k in capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Prasanna's personal subscription per quarter will be at least 1% of each quarterly fund's total committed capital in total. Prasanna will satisfy their GP commitment in part by waiving 100% of management fees otherwise owed to them by the fund.
Special Disclosure
Prasanna is affiliated with other investment vehicles that could potentially reduce allocations available for this fund and result in lower returns for LPs.
Investor FAQ
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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.
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Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$6,250+ Quarterly
Subscription Period
4 Quarters
Management Fee
1.75% per year over 10 years
Carry
25%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account