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Jelly Collective Fund
Apply To Subscribe
Subscription Amount
$15,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from Stacy Saal, Sara Otepka, Ryan Bartley, and Kevin Crosby
Thank you for your interest in Jelly Collective! We are a Venture Studio and a Fund on a mission to transform great ideas into successful companies. We systematically eliminate the barriers to starting companies. We bring an experienced team of exceptionally talented builders and leaders together to rapidly prove out our best ideas, leveraging our shared infrastructure and the support of the Studio for capital efficient company creation. The companion Fund provides seed funding for ideas that meet our rigorous processes and are destined to be great companies.
Jelly Collective Venture Studio
We are a diverse and experienced team driven by a relentless focus on customers. Composed of seasoned builders, leaders, and investors, we share centuries of collective experience in building at some of the world's most innovative companies. Supported by a robust network of advisors, founders, and investors, we bring together our ideas, network, infrastructure, collaborative processes and tools to swiftly progress from concept to enduring company.
Our team navigates through hundreds of ideas, systematically identifies the most promising ones, then paces them through our rigorous incubation process. Only the very best ideas, proven through this incubation phase, may receive acceleration funding from our rolling Fund. Our idea to company development process is swift and capital efficient, leveraging committed shared services and the collective experience of the Studio. We primarily build in the consumer, health, and technology sectors, and we are dedicated to solving real problems through innovative solutions.
Jelly Collective Rolling Fund
The Jelly Collective Rolling Fund predominantly invests in companies originating in our Venture Studio. Only the most promising of companies will meet our selection criteria. Our Fund invests in early-stage companies with a focus on consumer, health, and technology companies solving problems in innovative ways. Most of our seed investments will be in the $100K - $1.5M range.
Your investment in our Rolling Fund is an investment in the portfolio of companies that we invest in. Our deals will predominantly be companies developed in our Venture Studio and occasionally outside companies where there is a mutual fit. A rolling fund is similar to a traditional venture fund, with the main differences being flexibility on commitment terms and consistency of quarterly capital calls. You set your own subscription term and capital commitment.
What is a Rolling Fund?
Simply put, a Rolling Fund is an AngelList product that creates and manages a series of quarterly funds, allowing Limited Partners (LPs) flexibility on capital commitment and subscription term.
Like a traditional fund, rolling funds:
Charge management fees and have a fund-wide (crossed) carry across a two-year pool of deals (not per-deal carry like syndicates).
Are a blind pool that we can use to make quick and precise commitments to invest in deals.
Unlike a traditional fund investment:
Flexibility for LPs. You can change your investment amount, raising or lowering it for future investments. You choose your level of commitment based on how happy you are with our performance.
Evergreen Raise. As Emerging Managers and a new Venture Studio, a rolling fund allows us to prove ourselves and increase your confidence in our ability to deliver on our promise. A rolling fund allows us to raise capital incrementally and over time, rather than a one-time, big-bang fundraise and then locking the fund for four years.
By participating in our rolling fund, you are subscribing to our venture deal flow. You can raise or lower your capital commitment depending on your confidence and desired risk exposure. AngelList’s Rolling Fund Product creates a series of quarterly funds underneath for each investment, and then does the calculations behind the scenes to create a single "virtual fund".
Learn more about Jelly Collective, our team, our business development process, and our company creation support system at www.jellycollective.com.
Please consider investing with us and reach out if we can answer any questions!
Stacy Saal, Ryan Bartley, Kevin Crosby, and the Jelly Collective Team
Investment Details
Subscription Start Date
October 1, 2024
Minimum Quarterly Subscription
$15,000
Minimum Subscription Period
4 Quarters
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 (annualized)
$2.5k + 0.2% of contributed capital
*This Rolling Fund is currently in its first two quarters. Each Rolling Fund’s first two quarterly funds will pay an annualized rate of $800 + 0.2% of contributed capital over 10 years. In subsequent quarters, each quarterly fund 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 platform’s average quarterly fund size is $580k. 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 platform’s average quarterly fund size is $580k. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Stacy Saal, Sara Otepka, Ryan Bartley, and Kevin Crosby's personal subscription per quarter will be at least 1% of each quarterly fund's total committed capital with a quarterly cap of 1% of each quarterly fund's total committed capital 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 Jelly Collective 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
$15,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account