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Robert Downey Jr. Begins an AngelList Fund
Effectively, that is considerably sudden — actor Robert Downey Jr. simply launched an AngelList rolling fund.
The fund — known as Footprint Coalition Ventures — will spend money on sustainability and environmentally-focused startups. Right here’s an excerpt from TechCrunch’s detailed writeup:
Not like conventional enterprise funds, rolling funds elevate new capital commitments on a quarterly foundation and make investments as they go, therefore the “rolling.” Traders come on for a minimal one-year dedication and make investments at a quarterly cadence. In Downey Jr.’s fund that dedication quantities to $5,000 per quarter for as much as 2,000 certified buyers (and a smaller variety of accredited ones), in accordance with an individual with information of the agency’s plans.
You may study extra in regards to the Footprint Coalition Ventures fund right here. And in case you just like the sound of it, you’ll be able to apply to speculate — investments begin at $5,000 1 / 4.
Rolling Funds Disrupting VC
AngelList is making the method of launching a enterprise fund far, far simpler than it’s ever been earlier than. With rolling funds, they’ve taken it to a brand new degree. I consider this progressive funding construction will proceed to develop in recognition.
Personally, I’m nonetheless largely investing by syndicates. However I’m more and more in search of enticing rolling funds to affix. You may see a listing of rolling funds right here on AngelList Enterprise.
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