Have you had experience with Angel List rolling funds? What are the pros and cons?
Have you had experience with AngelList rolling funds? What are the pros and cons?
Rolling Funds by AngelList are a distinct product for part-time amateur or prosumer fund managers. The pros are:
- They are easy to set up
- There are tools to manage them
- They have a community of opportunities
The cons are:
- The manager is a consultant, not an owner of the fund
- Managers do not get fund credit for their track record
- The fees and expenses are very high
As a rule, VC Lab and Decile Group do not support Angel List products because they are designed for managers that are not serious about the craft of running a venture capital firm.