Today marks the beginning of a new chapter for Maiden Lane. In partnership with AngelList and Accomplice, we are launching Angel Funds and committing $35M from our Limited Partners to funding them.
Angel Funds are simply pop-up venture funds. AngelList has productized creating and maintaining a venture fund. What used to take months of emailing and negotiating with the right attorney can now be done online in a few clicks. We expect all sorts of VCs, limited partners and investors to use Angel Funds in different ways and are excited to see how this new online infrastructure impacts the market.
Since launching in 2014, Maiden Lane has worked with 125 individual angel investors and invested in 300 startups. We are learning and evolving, but remain squarely focused on helping angels invest better and invest earlier.
The idea for Angel Funds was born out of feedback from the best angel investors: speed and discretion are critical for investing in the most promising founders. If you read about how an Angel Fund works, quick decisions and privacy are built into the product.
Maiden Lane is also building a program to support operator-angels. We will offer master classes taught by top investors, a community of high-quality peers, and collaboration space for work, classes and dinners. Expect more details soon.