Introducing AngelList Access Fund

Disclaimer

This post and the information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, investment strategy, or other advice of any kind, and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction. Any such offers will only be made pursuant to formal offering materials containing full details regarding risks, minimum investment, fees, and expenses of such transaction. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others."Top-tier VCs" is defined by AngelList based on internal assessment of each fund's industry reputation. Although AngelList has no reason to doubt the veracity of Cambridge Associates’ returns data, it has not made any effort to independently verify its accuracy. Past performance is not a guarantee of future results. All multiples and IRR figures in this presentation are net of fees, expenses and carried interest and are partially or fully unrealized. Past performance is not indicative of future returns. The investment strategies of funds included in Cambridge Associate's IRR data referenced in this presentation may be materially different from funds raised on AngelList, which can significantly affect the volatility of returns and probability of loss for such funds. The timing and magnitude of fund cash flows are integral to IRR performance calculations, and a small number of investments have a material impact on IRRs. IRR calculations are also significantly impacted by valuations and discount rate assumptions, which are inherently discretionary. For purposes of calculating unrealized returns, companies are valued with industry-standard methods. Valuations are generally marked to a company's latest priced financing round, as disclosed to AngelList. While AngelList's valuation sources are believed to be reliable, AngelList does not undertake to verify the accuracy of such valuations. Companies that have not received new investments in a priced round since the last mark are held at cost or may be marked down at AngelList's discretion according to its valuation policy. Valuations and returns do not account for liquidation preferences and other non-financial terms that may affect returns. Investments in later-stage companies may be sent to a third-party for valuation if (i) the company's estimated value is over $100M, (ii) the investment is estimated to be worth over $10M and (iii) 24 months have passed since the last investment. Valuations and returns calculations presented herein are calculated as of March 27, 2020 and have not been audited by a third-party. Contact us for full details on our valuation methodologies. Table above presents all AngelList managed funds since August 2015. In total, AngelList has raised 11 funds with similar investment strategies as the AngelList Access Fund. Full list available upon request.