Rolling In the Dough Edition: Will Venture Fund Management Fees Go To Zero?
But i don't understand how the zero-fee model works given AngelList is charging 1.5% AUM.
So if you are a GP waiving your 2.5% management fee (perhaps by reinvesting your fee as GP commit to the fund), who is paying Angel List?
Right now, the admin fee for rolling funds is 0.15% AUM per year. The management fees and other terms (e.g. GP commit, recycling) are determined by the rolling fund manager, and they can be different for each fund.
Aha! This is what happens when you read things on a mobile screen. I misread it! Yes, I see it is 0.15%
But i don't understand how the zero-fee model works given AngelList is charging 1.5% AUM.
So if you are a GP waiving your 2.5% management fee (perhaps by reinvesting your fee as GP commit to the fund), who is paying Angel List?
Right now, the admin fee for rolling funds is 0.15% AUM per year. The management fees and other terms (e.g. GP commit, recycling) are determined by the rolling fund manager, and they can be different for each fund.
Aha! This is what happens when you read things on a mobile screen. I misread it! Yes, I see it is 0.15%