The Pomp Podcast
#366: Avlok Kohli on AngelList Rolling Funds
- AngelList Venture's mission is to increase the number of successful startups globally by reducing friction across the venture ecosystem through platform innovations.
- Syndicates (launched 2013) were the first product to democratize venture investing by allowing single-investment funds rather than traditional multi-company fund structures.
- Rolling funds represent a structural innovation: venture funds built for the software era that eliminate the need for traditional multi-year fundraising cycles and allow continuous capital inflow.
- Rolling funds align incentives for founders, fund managers, and LPs—more capital is available, managers spend less time fundraising, and LPs gain flexibility and optionality.
- The platform has deployed $1.5 billion across nearly 5,000 syndicates and funds, with 47 unicorns in portfolio and over $2 billion in AUM; rolling funds are experiencing significantly faster growth.
- Solo capitalists and emerging managers are now able to launch and scale funds without the traditional hazing ritual of joining a VC firm or raising a large institutional fund first.