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AngelList Alternative for Fund Managers

AngelList is excellent for syndicates and rolling funds but caps out around $30M AUM, is sunsetting its cap table product, and focuses primarily on SPVs. If you are raising a traditional fund, Archstone gives you full fund operations — cap table, LP portal, deal pipeline, compliance, and AI — without the SPV-first limitations or carry fees.

Feature comparison

FeatureArchstoneAngelList
SPV/syndicate management
Rolling fund support
Traditional fund support
LP portal with self-service dashboard
Data room with viewer analytics
Deal flow pipeline (kanban)
Cap table tracking
AI-powered fund operations (Archie)
Compliance calendar & tracking
Portfolio company metrics tracking
Quarterly LP report builder
No carry share required
Works above $30M AUM

Why Archstone

Key differentiators vs AngelList

No carry share — keep what you earn

AngelList takes 5% carry on SPVs. Archstone charges a flat monthly fee with zero carry share. As your fund grows, you keep 100% of your economics.

No AUM ceiling

AngelList caps effective management around $30M. Archstone is designed to grow with you from Fund I through Fund III and beyond — no migration required.

Full fund operations suite

AngelList focuses on fundraising and LP management. Archstone adds data room, deal pipeline, cap table, compliance tracking, and AI orchestration — everything a GP needs in one login.

AI-first architecture

Archie handles LP letter drafting, pitch deck analysis, compliance audits, and natural-language fund queries. AngelList has no comparable AI layer for fund operations.

Pricing comparison

AngelList

5% carry on SPVs + $8K-$15K annual platform fee for funds; hard cap at ~$30M AUM; cap table product being sunsetted

Archstone

$297/mo Starter or $497/mo Pro — no carry share, no AUM caps, scales with you

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