AngelList's new product, the Rolling Venture Fund, is intended to relieve the fundraising headache for fund managers. Under its structure, fund managers raise a certain amount of permanent capital, then set up quarterly commitments that roll in automatically. New backers can join each quarter, with funds that haven't been invested rolling over to the next. The fund manager accepts the same management fees and carry as with a typical fund, with the ability to invest throughout the cycle as soon as the first commitment has closed. AngelList charges new fund managers a 1% fee capped at $25,000 per year, as well as 5% carry on dollars brought in for investment through the AngelList platform.

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