Rauch Capital
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Rauch Capital

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Subscription Amount
$6,250+ 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 Guillermo Rauch

Hi, I’m Guillermo Rauch, Founder & CEO of Vercel and co-creator of Next.js. We’ve raised $61M from investors including Accel, CRV, GV and Naval Ravikant. Our technology serves over 5.5 billion requests weekly and is trusted by leading frontend teams at Airbnb, Twilio, Tripadvisor and more. 
Prior to Vercel, I was the CTO and co-founder of LearnBoost and Cloudup, acquired by WordPress.com (Automattic) in 2013. I’m the inventor and developer of several popular Node.js open source libraries like Socket.io and Mongoose. Prior to Node.js, I was a core developer of the pioneering MooTools frontend toolkit. 
I’ve been angel investing since 2016 with a focus on infrastructure software, AI/ML, developer tools and more. Two of my seed investments, Scale and Auth0, have gone on to become unicorns. Some of my other notable seed investments include Clearbit, Tinybird and Strapi.
Moving forward, I plan to do all of my early-stage tech investments from this rolling fund. The fund is anchored by Spearhead, Naval Ravikant and Jeff Fagnan. Given my full-time job as CEO of Vercel, I may limit the size of this fund and number of investors. 
Delighted to be on this journey,

The investments and returns data above 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 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.
Guillermo Rauch

Investment Details

Subscription Start Date
January 1, 2024
Minimum Quarterly Subscription
$6,250
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
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 $1.41M in capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Guillermo Rauch's personal subscription per quarter will be at least 1% of each quarterly fund's total committed capital in total. Guillermo Rauch will satisfy their GP commitment in part by waiving a portion of management fees otherwise owed to them by the fund.
Special Disclosure
Guillermo is affiliated with other investment vehicles that could potentially reduce allocations available for this fund and result in lower returns for LPs.

Investor FAQ

How is this program different from venture fund investing?
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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 Rauch Capital'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
$6,250+ 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