How Rolling Funds Are Changing VC Commitments

In this episode, Lucas and Luna break down the rise of rolling funds in venture capital — a structure pioneered by AngelList that lets LPs invest monthly instead of committing capital for a decade. They examine how rolling funds have grown from $300 million in 2018 to over $3 billion in 2024, and why they're attracting a new class of investors who want more flexibility. The hosts discuss the trade-offs: lower minimum commitments versus potential style drift, and how traditional VC firms are responding. They also look at a specific case study — the rolling fund focused on climate tech — to illustrate how this model changes LP behavior and manager incentives. If you're an LP considering VC or just curious about how startup investing is evolving, this episode gives you a concrete framework for understanding rolling funds. #RollingFunds #AngelList #VentureCapital #LimitedPartners #StartupInvesting #Liquidity #VCStructure #ClimateTech #FundStrategy #LPCommitments #Finance #Investing #Business #FexingoBusiness #BusinessPodcast #AlternativeInvestments #FundInnovation #CapitalDeployment Keep every episode free: buymeacoffee.com/fexingo