#366: Avlock Kohli on AngelList Rolling Funds

Customers will always choose a path of least resistance when there is a ton of value also attached to it so that I carry that with me to this day to AngelList Venture where the thing that struck me when I was originally looking at it was it's just massive platform tons of LPS all over the world tons of fund managers using it tons of startups indirectly getting funded of course because although all these fund managers and we're really in the flow of all of that

The Innovation going from syndicates a traditional fund was how do we compress the cost of what it takes to run a fund? .. We managed to compress the cost by an order of magnitude.

The biggest friction point for anyone raising capital is the process of raising capital. It's that when you go to raise a venture fund the way the traditional Venture fund the way it works is you Basically set aside 6 months 12 months 18 months sometimes to just go raise the capital

We're going to see the solo capitalist concept scale very quickly...It's basically one person with a brand that is leveraging their brand to raise capital to get great deal flow and to use a judgment to invest in great companies.

Rolling Funds are a venture fund structure built in a world post software. So our view is that ruling funds are actually a superior structure to a traditional Venture fund meaning if the software existed when the Venture fund structure is ruining built. It would be a rolling fund