Rolling Fund Quarterly Deployment
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Shaan describes running a Rolling Fund that deploys $1M per quarter into startups, leveraging a team of well-connected partners to source and vet deals.
Key Points:
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Fund Structure:
- Deploys $1M quarterly into startups
- More work than traditional angel investing due to deployment requirements
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Team Structure:
- Brought on key team members:
- Romine - Helps with deal vetting
- Zack - Former YC founder with strong network
- Ben - Assists with operations
- Brought on key team members:
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Deal Flow Process:
- Team creates Airtable of potential deals
- Vets all opportunities thoroughly
- Presents top ~7 deals to Shaan for final decision
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Strategic Advantage:
- Zack referred 22 companies into YC (top referrer)
- Early access to deals through team's network
- Connected to young founder community
- Ability to see deals earlier than most investors
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Team Incentives:
- Team members get upside in the fund
- Allows them to participate in fund success
16:16 - 18:08
Full video: 52:59SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.