AngelList has unveiled the Rolling Venture Fund, a new product that it thinks could eliminate the need to fundraise for emerging VCs.
Share to linkedin... [+]One of the less-discussed realities of venture capital is that startup investors are typically backing entrepreneurs with other people’s money. Come fundraising time, these investors – or at least the leaders of a firm – will spend a considerable amount of time out pitching for cash, much like the founders who pitch them in turn.
AngelList’s new product, the Rolling Venture Fund, is intended to solve the fundraising distraction for fund managers. Under its structure, fund managers raise a certain amount of permanent capital, then set up quarterly commitments that roll in automatically. New backers can join each quarter, with funds that haven’t been invested rolling over to the next.
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