AngelList’s Deal Partners feature allows Fund Leads to share investment-level carry with individuals who provide assistance and expertise in identifying, assessing, and negotiating deals.
The Deal Partners feature is currently available for Venture Funds and Rolling Funds that use AngelList template documents.
Overview
You can add Deal Partner(s) to any approved fund investment. To add a deal partner, follow the steps below:
- While on your GP dashboard, navigate to your ‘Investing’ tab.
- Click on the ellipses at the end of the row for any investment, and select “Share Carry”.
- Click ‘Add Deal Partner.' A module will appear, where you can input the name of the deal partner you wish to share carry with and the percentage of carry you wish to share. You must assert that you are sharing carry just for sourcing, and that you have the authority to share carry with this deal partner.
- Click ‘Add Deal Partner’ on the bottom right-hand of the window to submit your request. Your designated Deal Partner will then receive an email with a link to accept the carry-sharing agreement.
Once an invite is sent to a Deal Partner, they have 2 weeks to accept the agreement. AngelList will also follow up with reminders every 3 days. Once a deal partner has accepted the invite, you have 2 weeks to confirm or cancel the agreement. If you take no action after 2 weeks, AngelList will auto-confirm the agreement.