Offline Ventures was the first rolling fund to generate buzz.News leaked last July
Brodock and Kapin see the quarterly nature of rolling funds as a way to raise capital quickly— and to counter skepticism. Gumroad CEO Sahil Lavingia started a rolling fund so he could be an investor while keeping his day job.Gumroad CEO Sahil Lavingia was won over by the convenience of the AngelList platform, which lets him treat"I'm sort of gainfully employed," Lavingia told Business Insider. "I'd really never considered being a VC for that purpose."
The user-friendliness and special SEC rules governing rolling funds mean it's easier to start one or participate in funding one. Lavingia's hope is that will help combat the notorious lack of diversity in Silicon Valley.
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