AngelList

AngelList was founded in 2010 by Naval Ravikant and Babak Nivi as an online introduction board for tech startups seeking seed funding. Over the past 15 years it has evolved into the dominant infrastructure layer for early-stage venture capital in the United States. Today, more than half of all top-tier VC deals run through the platform, and it supports over 13,000 active startups and $171 billion in assets as of 2024.

The platform operates across four main investor products: syndicates, rolling funds, the AngelList Access Fund, and Demo Day funds. LPs can invest in portfolios of startups hand-picked by leading fund managers via venture funds, commit capital quarterly through rolling funds, or discover individual startups via syndicates. The investor base is exclusively accredited, and the most compelling products — managed funds and the Access Fund — now carry minimums that put them firmly in family office and institutional territory. Retail-adjacent access exists through syndicates, but deal-by-deal investing is a difficult path to strong returns without meaningful diversification.