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The Y Startup Index
Apply To Subscribe
Subscription Amount
$6,250+ Quarterly
Subscription Period
1 Quarter
Management Fee
0% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Miles, Sean, and Sam
Opportunity
Every year Yale graduates create new high-growth companies. Many Yalies are angel investors. Yet it is still too hard for Yale founders to find Yale angels. Plus, Yale angels definitely do not see every Yale deal. While the Yale community has great loose networks of successful entrepreneurs and investors, if compared to networks such as the YCombinator alumni network, there is a lot more friction for founders to access the resources and mentorship.
If you had simply invested in every Yale founded company in the last 20 years you would have been in OneMedical, Pinterest, Thumbtack, DataMinr, Twitch, Pico, SocialCam, Rent The Runway, Bonobos, Higher One, Olo, ClassPass, 23 and Me, MongoDB, GILT, General Assembly, Common, Honor, Joby Aviation, Redfin, Fitbit, Security Scorecard, Monzo, Octane Lending, Convoy, Alibaba, and many more.
Solution
The Y Startup Index provides a better way for Yale angels to gain access to Yale deals, and a better way for Yale entrepreneurs to meet a broader group of Yale angels.
- The Value for Founders: make it easier for Yale entrepreneurs to connect with a large number of Yale angels for investment now and maybe later plus get advice, support and introductions.
- The Value for Investors: help Yale angels to see and have a small stake in many more Yale-affiliated companies. Angels can choose to upsize their investment or increase involvement as they see fit.
The index will provide a low-diligence investment check to any company with a Yale founder. At first the investment amount will be $25,000 per investment and later that may grow.
Diligence will solely focus on:
- The individual is a founder (and major shareholder)
- The individual is currently enrolled, graduated, or faculty at Yale
- The founder or CEO states an intention to work fulltime on the venture and seek to grow it.
- The company is doing a financing of at least $450,000 USD with at least half from arms-length investors
Management
The management of the fund will be led by Sam Hendel, Miles Lasater, and Sean Glass. Each of us is a Yale alum founder, angel investor and spent time building the Yale startup ecosystem.
All proceeds will be donated to organizations building the Yale startup ecosystem. We are donating our time and will not be compensated.
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AngelList Advisors Disclosure: In the event that the Fund Lead proposes that the Fund make an investment in a company in which the Fund Lead has an advisory relationship, sits on the board of directors, or has made a pre-existing investment, AngelList Advisors (ALA) will consult with the Fund Lead and exercise its independent judgment to approve the investment recommendation. The Fund Lead will abstain from making the final decision to invest.
Miles, Sean, and Sam
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$6,250
Management Fee
0% per annum over each fund's 10-year life, payable quarterly over the first two years. All proceeds from the management fee and carry will be donated to organizations building the Yale startup ecosystem.
Carry
Twenty percent (20%). All proceeds from carry will be donated to organizations building the Yale startup ecosystem.
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 $112.5k in capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Miles, Sean, and Sam's personal subscription per quarter will be at least $18,750 in total.
Special Disclosure
All proceeds will be donated to organizations building the Yale startup ecosystem.
GPs are donating their time and will not be compensated
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 The Y Startup Index'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
$6,250+ Quarterly
Subscription Period
1 Quarter
Management Fee
0% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account