(2013-07-27) Angellist Launches Syndicates With Carry

Angel List has launched a new Syndicates system that lets any accredited investor on the Angel List fundraising platform essentially create, lead and collect carry for a fund of angel money for a specific startup... the lead angel picks the percentage carry that they’ll get from a positive return in the company if it has a Liquidity Event.

Aug04 update: Gaurav Jain thinks this will disrupt the Venture Capital market through a process "like Android". Angel List does not cost money to join, has a modular architecture and exhibits strong Network Effects.