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Alexander Lloyd's Rolling Fund
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Subscription Amount
$25,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q3 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account
Note from Alex
Hi, I’m Alexander Lloyd and I have been building connections in the tech community since 1997 when I moved to San Francisco. My network building began with an internship at Apple Computer and continued when I joined Microsoft in business development in Silicon Valley focused on the startup and venture capital community.
Along the way, I was able to leverage my network to invest in some of the top startups built in the last 20 years. Over that time, I have invested in 130+ startups, 7 of which have become Unicorns 🦄. I have raised two seed-stage venture capital funds and raised institutional capital. Over the past 25 years I have generated incredible returns for myself and my investors:
Investment Performance:*
Angel investments: 3.8x multiple
Fund I: 6.3x multiple - top decile for 2008 vintage year
Fund II: 3.1x multiple*
Single investment SPVs: 2.1x multiple*
*There are active investments remaining in Fund II and SPVs.
Going forward, all of my tech investing will be done via this platform. I will be investing a minimum of $100,000 of my personal capital every quarter. In essence, if you invest in my Rolling Fund, you will have a seat next to me at the table and participate in all my deal flow.
Investment Criteria:
· Great entrepreneurs passionate about what they are building
· Large business opportunities that are capital efficient to build
· Takes advantage of emerging technology trends
· Pre-Seed to Series B
· Typically $150 - $250K per deal depending on stage
· Significant time spent on Miami tech
“I have known Alex for over 20 years. He funded two companies I started and we have invested in many more together. His network is second to none” - Auren Hoffman
Select Exits:
· Zappos / Acquired by Amazon / 225.8x🦄
· Nutanix / IPO / 88.3x 🦄
· Braze / IPO / 75.9x 🦄
· Zynga / IPO / 73.4x 🦄
· Connectify / Acquired by Kana / 42.2x 🦄
· Cornerstone OnDemand / IPO / 22.8x 🦄
· Locals / Acquired by Rumble / 20.0x
· LiveRamp / Acquired by Acxiom / 12.8x
“Alex took me under his wing as my first investor in Braze. Without his confidence and belief in me, Braze would not be here today. Alex is now a good friend and someone I continue to invest with” - Mark Ghermezian
Selective Active investments / Co-investors:
· HiveMapper – 2013 / Harrison Metal, Spark
· Snapdocs – 2014 / Sequoia 🦄
· Facet Wealth – 2017 / Warburg Pincus, Slow Ventures
· LoanSnap – 2020 / True Ventures, Index Ventures
Other things you might want to know: I co-authored a book on bitcoin. The Little Bitcoin book. I have recently moved to Miami and will be adding Miami Tech into my investment ecosystem.
“Alex gave us our first seed term sheet and connected us to an incredible group of investors. Just as importantly, he’s giving us invaluable advice and guidance throughout the startup process” - Dave Rubin
Last updated March 31, 2024.
Alex
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$25,000
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee
0.15% per year over 10 years
Starting Q3 2024, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $475k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $475k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Alex's personal subscription per quarter will be at least $100,000 in total.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Alexander Lloyd's Rolling Fund 's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$25,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q3 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account