Apply to
Balaji Fund
Apply To Subscribe
Subscription Amount
$10,000+ Quarterly
Subscription Period
10-16 Quarters
Management Fee
2.5% per year over 10 years
Carry
25-30%
Admin Fee (annualized)
0.25% per year over 10 years
Invest Account
Select invest account
Note from Balaji S. Srinivasan
The Balaji Fund is led by Balaji S. Srinivasan (@balajis), an angel investor, tech founder and WSJ-best-selling author of The Network State. Formerly the CTO of Coinbase and General Partner at Andreessen Horowitz, Balaji was also the cofounder of Earn.com (acquired by Coinbase), Counsyl (acquired by Myriad), Teleport (acquired by Topia), and the nonprofit Coin Center. Dr. Srinivasan holds a BS/MS/PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford, where he taught machine learning, computational biology, and a software MOOC that attracted more than 250,000 students worldwide.
Balaji has backed a wide variety of startups including Akasa, Alchemy, Benchling, Cameo, CoinTracker, Culdesac, Dapper Labs, Deel, Digital Ocean, Eight Sleep, EPNS, Farcaster, Gitcoin, Golden, Instadapp, Lambda School, Levels Health, Locals, Messari, Mirror, OnDeck, OpenSea, Orchid Health, Prospera, Replit, Republic, Roam Research, Skiff, Soylent, Stability AI, Starkware, Stedi, Superhuman, Synthesis, and Zora Labs, to name a few. Balaji was also an early investor in many important crypto protocols including Bitcoin, Ethereum, Solana, Avalanche, NEAR, Polygon, Chainlink, ZCash, and more.
This fund will scale up Balaji's seed investing across a wide variety of areas including, but not limited to, crypto/web3, deep learning, augmented reality and virtual reality, genomics, quantified self, autonomous robotics, network states, and frontier technologies more generally.
Fund Structure and Terms:
- Fees: 2.5% management fees
- Carry: 25% graduated to 30% after 3X returned
- Commitment: $10K per quarter minimum, 10 quarter minimum
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. Past performance is not indicative of future returns. The companies and venture partners featured in this note were selected due to their notoriety in the startup and venture capital community. This list is provided for illustrative purposes only and is not an exhaustive list of all investments made or involving the Fund Lead.
The Private Placement Memorandum details the Fund's conflict management policy and other material information about the Fund. It should be reviewed carefully prior to making an investment decision.
The Fund's General Partner and Administrator may share limited information with the Fund Lead and Sub-Advisor, which may include limited partner contact information.
Balaji Srinivasan
Investment Details
Subscription Start Date
April 1, 2024
Minimum Quarterly Subscription
$10,000
Minimum Subscription Period
10 Quarters
Management Fee
Investors pay management fees of 2.5% 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%), with an increase to thirty percent (30%) with catchup after the fund realizes a 3.0x return
Admin Fee (annualized)
0.25% per year over 10 years
GP Commitment
Balaji S. Srinivasan's personal subscription per quarter will be at least 1% of each quarterly fund's total committed capital in total.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
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 Balaji Fund'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
$10,000+ Quarterly
Subscription Period
10-16 Quarters
Management Fee
2.5% per year over 10 years
Carry
25-30%
Admin Fee (annualized)
0.25% per year over 10 years
Invest Account
Select invest account