What are the fees for AngelList Platform LPs?

AngelList Platform LPs are LPs who discover a syndicate or a fund via the AngelList Platform and are attributed to AngelList. General Partner LPs are any LPs that are not AngelList Platform LPs.

Under the traditional carry model, AngelList receives 5% of the carry for investment advisory services rendered to the fund, but waives the 5% carry for a General Partner’s LPs. As a result, a General Partner always receives the full 20% carry (or whatever carry amount they set) on their own LPs.  

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