A single link for founders that allows investors to commit and send funds online. Once the Roll Up Vehicle (RUV) closes, AngelList sends one single wire to the company.
This is super cool. In essence, it allows founders to keep their private investments in 1 organized & simple place so they can focus on closing the deal.
Nice, just started looking at your syndicates model! Looks like you're making it easier for founders to facilitate the round.
Are there any legal implications to the RUV model?
Yup. From a legal side, RUVs are similar to SPVs, but just without the need for the founder be the GP of the SPV. (Happy to share more details over email!)
This is such a welcome product, I have been looking for options to incorporate SPV for de-clutter of cap-table, would be great to understand the tax implication, if any on the investors and legal implication?