What are the costs associated with investing in a Rolling Fund?

AngelList charges a $20k setup fee (paid at first close) and $500 +0.2% quarterly admin fee of total contributed capital over the fund’s 10-year lifetime (discounted to a $5k setup fee and $300 + 0.2% quarterly admin fee for each Rolling Fund’s first two quarterly funds), plus variable state regulatory fees (capped at $5k for the fund). These fees are distributed across all LPs and prorated based on their investment amount.

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