All Things Angel Investing #13
Intangible Angel Weekly: AngelList Rolling Funds and Deal Management Systems
This week Gumroad’s CEO, Sahil Lavingia, launched an AngelList Rolling Fund with a full subscriber list and $1M+ in quarterly backing. Rolling Funds are a new vehicle structure where AngelList powers the legal, back-office, accounting and operations for venture fund management. Also interesting was how Sahil leveraged 506C status/designation to allow for public fundraising. Sahil Tweeted about his fund and even offered a public Zoom webinar attended or watched by 4,000+ people. As mentioned below Stephen Hays and Cindy Bi are also launching their own funds using this new AngelList structure.
If you're interested in learning more about Rolling Funds, AngelList is hosting a workshop for Intangible members next week. Send us an email (sam@intangiblevc.com) to be added to the calendar invite.
Being Talked About:
Sign-up for our AngelList Rolling Fund Workshop (see above)
Congrats to Kevin Weatherman on Lever Health's launch! (Slack)
Stephen Hays is launching What If Ventures & hosting an info session
A request for persons knowledgeable on the Thras.io model (Slack)
Friend of Intangible, Cindy Bi, launches her fund: CapitalX
Check It Out:
Behind the Scenes: The inside story of the $18.5 billion telehealth deal between Telado and Livongo
Consider: Should your portfolio companies hire a team coach? (H/T Eric Friedman)
Read: Howard Marks latest memo on the state of the economy
Investor Productivity: A thread on how angels and VCs are managing deal flow and Foundry's Seth Levine explains how to host better Zoom meetings 👇
Deals:
Jonathan Wasserstrum has two interesting syndicate deals closing soon (see Slack). Also: social video collaboration, Field Trip Health (psychedelic therapies), an app to supercharge professional relationships, an API layer helping automate municipal bond trading, a D2C topical pain medicine business and a company disrupting old-school waste management (see #pitches)
Parting Thought:
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