Venture Capital

This Vc Has Over 100 Lps On The Waitlist For His Hot New Rolling Fund

by businessinsider.com posted 6months ago 144 views
Summary List PlacementOn September 1, Shaan Puri sent a tweet announcing an ambitious new goal for himself. He wanted to raise at least $1 million in three weeks to launch his rolling fund, the new type of venture fund created by AngelList that allows investors to subscribe to a fund by paying in quarterly installments. To his surprise, within an hour he secured $70,000 in commitments. Five days later, he had raised $1.5 million and temporarily closed the fund because too much money was coming in, he told Business Insider.