4 ms·
The aggregate fees are quite high (1.5%+2% of contributions every year in management fees alone) and while larger funds may pull this off occasionally partly d
by dzink 6y ago
The aggregate fees are quite high (1.5%+2% of contributions every year in management fees alone) and while larger funds
may pull this off occasionally partly due to signaling, you are not getting exclusive access to the startups with this setup. What justifies the high recurring fees other than the fact that AngelList was first to build the piping? Do they have a role in filtering the startups, or exclusive access? When public markets are all moving to index funds/ETFs because of the low management fees, how do you justify doubling the cost for investing in startups?
- RollingFund 6y agoSome rolling funds actually have 0% management fees (only carry), so it's really up to the fund manager. It also looks like the admin fee is 0.15% per year for a ten-year term to access the platform. There's no additional carry if you bring your own LPs, and 5% carry for LPs that come through the fund platform.