Angel & VC Funds
Planting an orchard, not buying fruit. Most saplings will not make it. The few that do bear fruit for a generation, and one great tree can pay for the whole orchard.
By Yash Jhaveri, Founder & CEO, Beyond
Beyond · JSL Wealth Management · Vadodara · ARN XXXXX
Last reviewed September 2026 · Regulatory position as at September 2026
What it actually is
Category I AIFs, venture and angel funds, investing in early-stage companies. Returns follow a power law. Many investments fail, most muddle through, and one or two winners are expected to return the whole fund. Patient, decade-long money at the frontier of risk.
The job it does
- Participation in India’s startup ecosystem with professional selection
- Truly uncorrelated, decade-horizon compounding
- For business families: a structured window into new-economy models
Why people use it
- Diversified exposure vs writing individual angel cheques
- Professional diligence, board access, follow-on discipline
- Vintage-year diversification possible across commitments
What can go wrong
- Longest lock-in of any structure — 8–12 years with capital calls
- J-curve: early years show losses before winners mature
- Manager dispersion is the widest of any category
Does Angel & VC Funds belong in your architecture?
Seven questions narrow thirteen structures to a shortlist.
Education, not advice. We may earn referral fees when you invest through us. Full disclosures