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Everywhere Explore
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Subscription Amount
$5,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account
Note from Jenny Fielding & Scott Hartley
We are establishing a new vehicle to fund our early-stage venture capital investments. This is a model where you subscribe to our deal flow directly with a quarterly capital commitment.
Like a traditional fund, The Fund Explore:
- Charges management fees and has a fund-wide (crossed) carry across a pool of deals (not per-deal carry like syndicates)
- And it is a blind pool that we use to make quick and precise commitments to invest in fast-moving deals.
Unlike a traditional fund, you can change your commitment amount every year, raising and lowering it for future investments when you experience life changes, or when you might desire more or less risk. There's no locked-in commitment for the future.
The big advantage for us is that we 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 years.
The net effect is that you're now subscribing to our venture capital deal flow. You can raise or lower your capital every quarter depending on your confidence and desired risk exposure. Beneath the hood, AngelList creates a series of quarterly funds that contain that quarter’s investments, and does the calculations to cross the carry on top to create a single "virtual fund" when you subscribe for multiple quarters.
The Fund Explorer will invest in technology companies at the early stage sourced from our powerful community of 500 founders and operators.
Jenny & Scott
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$5,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% 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
Twenty percent (20%)
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.
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. The last quarterly fund in this Rolling Fund Program closed $428.49k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
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. The last quarterly fund in this Rolling Fund Program closed $428.49k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Jenny Fielding & Scott Hartley's personal subscription per quarter will be at least $5,000 in total. Jenny Fielding & Scott Hartley will satisfy their GP commitment in part by waiving a portion of management fees otherwise owed to them by the fund. The remainder of the commitment will be contributed in cash.
Special Disclosure
The Fund is associated with, and will often invest alongside, a number of investment vehicles. The Fund will not make any investments until certain of those investment vehicles (the "Geo Funds") have fully deployed. After the various Geo Funds have deployed, the Fund will first invest into any on-thesis investment opportunity, and then the other investment vehicles may invest, depending on their investment theses. As a result, the Fund may not receive exposure to the entirety of an on thesis investment allocation.
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 Everywhere Explore's 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
$5,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account