Rolling Funds
topic on 2 shows · 18 statements across 11 episodes
18 statements about Rolling Funds, every show
Kohli: LP commitments to AngelList rolling funds are down only 20%
“Within rolling funds which is one of the products that we have both individuals, institutions, commitments aren't actually down by much. It's close to only 20%, which is very, very very interesting.”
Kohli: AngelList rolling fund LP commitments dropped only 20% year-over-year
“Both individuals, institutions, commitments aren't actually down by much. It's close to only 20%”
Puri: Fund with Ben Levy can deploy $7M-$10M annually
“We raised our fund together in like one month, raised a range, raised our own rolling fund that can deploy, I don't know, between seven to ten million dollars per year.”
Mac Conwell argues rolling funds reflect a lack of VC innovation
“I think rolling funds are another sign of the lack of innovation in our industry, right?”
Mac Conwell explains how rolling funds disadvantage LPs who skip quarters
“LPs have to continuously buy in the quarters to make sure they get allocation to the companies you invest in. So if you're not an LP in the specific quarter and that's the quarter I make my best investment in, but you're an LP in the quarter before the quarter…”
Sean Puri sources most rolling fund deals from five close friends
“In reality, most of my deals don't come from podcast listeners sending me stuff or reaching out to me. Most of the deals are from the same five friends who email me when they see something cool.”
Shaan Puri must deploy $1M per quarter from his venture rolling fund
“Now that I have to deploy a million dollars a quarter, I actually have to carve out more time. I have to like consciously go and invest in more companies.”
Shaan Puri: I charge a zero percent management fee on my rolling fund
“No, I took zero percent management fee because I didn't know if anyone would really want to invest in the rolling fund.”
Shaan Puri: My rolling fund deploys its $1M quarterly allocation in two months
“Now I have to deploy a million dollars a quarter. And actually I run out within the first two months of every quarter.”
Puri: $4M annual rolling fund generates more value than podcast ads
“You know, I started a rolling fund largely off of the audience from this thing that said, hey, I've listened to this guy a bunch. I trust him. He has a good track record. And so now that rolling fund is four million dollars a year that I get to invest into sta…”
Rolling funds operate as high-resolution fundraising tools that democratize venture capital
“Rolling funds enable capital to flow to more VCs who fund the tech innovation. And before rolling funds, managers would have to raise capital through closed networks. Now, all you need is a tweet and a fund, and the network just comes to you. And really, rolli…”
Rolling funds and solo capitalists will squeeze traditional seed firms upwards
“Anyone that used to play at seed, but really is a series A firm is going to get squeezed upwards because what's happening now, rolling funds is actually taking the entire early stage market and solo capitalists is taking the entire early stage market with pre-…”
Active institutional venture investors are already committing capital to rolling funds
“So the ones that actively invest in venture, we already see them committing to rolling funds, and that's already happening.”
The next cohort of top founders will raise entirely from rolling funds
“That the next cohort of great founders are raising their entire pre-seed and seed round from rolling funds.”
Eggers: Venture capital will see increased adoption of rolling funds
“I think we'll see more of rolling funds, and if you can do it, it's great.”
Lavingia: Only about a dozen rolling fund managers will build large portfolios
“I don't expect to see hundreds and hundreds of hundreds of emerging fund managers all managing these really big, large portfolios. I think you'll see probably a dozen or so.”
Sahil Lavingia predicts rolling funds will never reach hundreds of billions
“We're never going to see hundreds of billions of dollars in rolling funds, in my opinion.”