Once you electronically sign the required documentation during the closing process, by clicking the checkboxes and the “Commit & E-Sign” button, you are fully committed to the investment. This electronic signature is valid under the U.S. Federal ESIGN Act of 2000 and the Uniform Electronic Transactions Act. All signed commitments are considered final. We strongly recommend signing only for investments you are confident you can fund.
Canceling or reducing investments after signing creates a negative experience for all involved parties, including the lead, portfolio company, and other LPs. Throughout the fundraising process, the lead and AngelList communicate closely with the portfolio company to manage the raise. Unexpected cancellations or reductions can delay financing rounds, require re-drafting of legal documents, and strain relationships with both the lead and the portfolio company. If you need to cancel or reduce an investment, you will need approval from the fund lead, and frequent cancellations or reductions may result in restrictions on your ability to make future investments on the AngelList platform.
If the terms of a deal are materially altered after you have committed to an investment, AngelList will notify you by email. In such cases, you will have the option to opt out of or reduce your investment without penalty.