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4min chapter
AngelList CEO Avlok Kohli on the Transforming the Company — and Venture Itself
ACQ2 by Acquired
The Evolution of Venture Investing
Angelis is an engine that translates LPAs into code. LPs know this and they're comfortable with it, but there are some people who still want Angelis to be GP. Once you get into a larger fund, we actually see also this split. We were literally creating the market. We were creating new GPs, enabling new GPs. And as we continued to build out the software, the platform, we were now able to take on existing GPs. That lets the GPs get a good return from the BSA wants to be the GP and they want Angelus to manage everything else.
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