AngelList pioneers rolling VC funds in pivot to SaaS

by RJ Shara | Sep 8, 2020 | Fundings and Exit

When AngelList first introduced rolling funds, a financial investment automobile that raises money through a quarterly membership from interested financiers, the company looked at it as a bet. Early interest from emerging fund supervisors indicates that rolling funds may be more of the future of the company, according to AngelList CEO Avlok Kohli.”Rolling funds […]
Unlike traditional fund managers, rolling fund managers can be public about their fundraising activity due to an SEC policy, 506(c). He estimates that 50% of capital raised by rolling funds has actually come through AngelList’s LP network, however did not share the overall capital raised by rolling funds. Unlike a traditional SaaS business, AngelList is an LP in a number of rolling funds and makes money the very same method a conventional endeavor fund does.”We see that rolling funds are going to be a really huge part of the endeavor, and will be side by side with standard funds,” Kohli stated. Early interest from emerging fund managers suggests that rolling funds might be more of the future of the company, according to AngelList CEO Avlok Kohli….