Nitesh Banta Rolling Fund
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Nitesh Banta Rolling Fund

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Subscription Amount
$10,000+ Quarterly
Subscription Period
4 Quarters
Management Fee
1.75% per year over 10 years
Carry
25%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account

Note from Nitesh Banta

Hi, I’m Nitesh Banta, a serial entrepreneur and angel investor. The companies I’ve started and funded have raised over $2B in venture capital and are worth over $15B combined. 
My current company, B12, uses AI to help businesses get online. We have raised tens of millions in funding from investors including General Catalyst, Breyer Capital, SV Angel and top angels. 
Prior to B12 I was a VC at General Catalyst. My angel and VC portfolio includes unicorns like BigCommerce (NASDAQ: BIGC), Celo, Getaround (where I was on the founding team), Instabase and Grammarly. Some of my other notable investments include first round checks into Pilot.com, Tagomi (acquired by Coinbase), Brainly, and Mark43
While at General Catalyst I co-founded Rough Draft Ventures: A venture fund for students, run by students. I remain an adviser to Rough Draft, which has backed over 150 startups to date. 
Moving forward, I plan to do my early-stage tech investments from this rolling fund. The fund is anchored by Spearhead, Naval Ravikant and Jeff Fagnan. 
Given my full-time role as the CEO of B12, I will limit the size of this fund and number of investors.
Thanks for your support.
— Nitesh Banta
The investments and returns data above and accessible via external links may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and return multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. For additional information, including calculation methodologies, please contact the Fund Lead directly. Past performance is not indicative of future returns.
Any companies and venture partners featured above and via external links are referenced due to their notoriety in the startup and venture capital community. These references are provided for illustrative purposes only and are not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.
Nitesh

Investment Details

Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$10,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 1.75% 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-five percent (25%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
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. Last quarter, this fund closed $26.08k in capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Nitesh Banta's personal subscription per quarter will be at least $6,000 in total.
Special Disclosure
Nitesh is affiliated with other investment vehicles that could potentially reduce allocations available for this fund and result in lower returns for LPs.

Investor FAQ

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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.
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Please read the disclosures in full here.

Apply To Subscribe

Subscription Amount
$10,000+ Quarterly
Subscription Period
4 Quarters
Management Fee
1.75% per year over 10 years
Carry
25%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account