How is the “Estimated Setup Costs” percentage calculated?

AngelList charges a flat-rate setup fee for each SPV, which is pro-rated across all LPs in the SPV. The “Estimated Setup Costs” percentage shows the estimated setup cost as a portion of the total allocation for the SPV.

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Investing in venture capital funds is inherently risky and illiquid. It involves a high degree of risk and is suitable only for sophisticated and qualified investors.

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