You’re committed to an investment once you electronically sign the required documentation (electronic signatures are added by clicking the checkbox and the "Commit & E-Sign" button during the LP Investment Flow).
Once e-signed, all commitments are considered final. We recommend only signing for investments you are able to fund. If you have any questions, please email us at invest@angellist.com.
Why can't I cancel or reduce my investment?
When you invest in deals, you e-sign the closing documents and commit to funding these investments. When LPs cancel investments, this creates a negative experience for all parties involved - the lead, portfolio company, and other LPs. Throughout the fundraising process, the lead and our team are in contact with the portfolio company on the status of the raise. If the raise amount falls due to unexpected cancelations, this creates some potentially negative outcomes. This can delay financing rounds, lead to re-drafting of the legal documents, or create a strained relationship with the lead and portfolio company. Please note that even if you are able to reduce or cancel an investment, too many investment reductions or cancellations may have negative consequences, including restrictions on your ability to make investments on the AngelList platform.
What if the deal terms have changed?
If the terms of a deal are materially changed after you have committed to an investment, AngelList will notify you by email and give you the option to opt out of or reduce your investment without penalty.
What if my investment is a rolling fund subscription renewal?
Rolling funds may allow for changes once the initial investment is complete. See the "Can LPs increase, decrease, or cancel their subscription to a Rolling Fund?" article for more details.