OurCrowd vs AngelList: One Sponsor's Picks or Your Choice of Lead

It depends on whose judgment you want to rely on. OurCrowd fits an accredited investor who wants one sponsor to find, vet, structure and monitor every deal, and who accepts that sponsor's fixed fee schedule (11.5% of a gross commitment taken upfront on deals new to its portfolio since 2023, per its fees page as read October 24, 2026) and its own valuation marks. AngelList fits an accredited investor who wants to choose individual syndicate leads or fund managers, each setting their own carry and terms, on a platform that charges the vehicle administration fees (an $8,000 setup fee plus $2,000 of state filing costs per SPV, shared by the LPs and capped at 10% of a commitment, per AngelList's SPV pricing page on October 24, 2026). An investor who is not accredited cannot use either for single deals; AngelList's affiliated USVC fund takes any US investor from $500. This is a comparison of structures, not a recommendation.

On a different basis, so read them side by side rather than as one number. OurCrowd publishes one schedule for companies new to its portfolio from January 1, 2023: a 2% a year management fee for five years, the full 10% held in escrow at closing, a 1% organizational fee and a 2% fee reserve; its own example takes $1,130,000 from investors to put $1,000,000 into a company (11.5% of the gross), and carry is 20% of profit up to 5x and 25% above. On AngelList, the platform's own charge is the SPV administration fee ($8,000 setup plus a $2,000 blue sky passthrough, $5,000 setup on qualifying follow-ons), prorated across the LPs and capped at 10% of each LP's commitment excluding optional add-ons; the lead sets carry and may set a management fee. AngelList's own illustration uses a 20% carry. For a $10,000 check in an SPV raising $500,000, the platform fee is about 2%, or $200 (AltStreet arithmetic). Earlier OurCrowd deals and PROOF co-investments carry a prior fee structure AltStreet did not reconcile.

On OurCrowd, OurCrowd does: its team selects each company, forms a single-company British Virgin Islands partnership for it, invests alongside through its own arm (OC International Investment LP) and runs the vehicle through OurCrowd International General Partner, an SEC exempt reporting adviser (CRD 169475). Its risk factors nonetheless say none of the general partner or its affiliates 'shall make any independent investment decision, analysis or recommendation' on the merits for investors. On AngelList, the syndicate lead or fund manager picks the company or the portfolio; AngelList forms and administers the vehicle, runs closings and K-1s, and either the lead acts as adviser or the vehicle uses an AngelList-approved adviser of record, Platform Advisor, LLC (formerly AngelList Advisors, LLC; CRD 167700, an exempt reporting adviser). Meridian's disclosures say AngelList does not recommend or endorse the offerings listed and has not verified their information.

Yes, on both, if you are accredited. OurCrowd's main product is a single-company SPV from $10,000 (the minimum on nearly all of its Form D filings), with OC50 index funds, thematic funds and a pre-funded Portfolio Select account ($50,000 to open, allocated from $5,000 per company unless you opt out within seven business days) as the pooled routes. On AngelList, each syndicate deal is an SPV in one company; AngelList's help center gives $1,000 as its general LP minimum guideline, but each lead or fund manager can set different minimums. AngelList's venture and rolling funds are the pooled routes there, with terms set by each manager. In every case you own an interest in a vehicle that holds the shares, not the shares themselves.

More than either minimum suggests, because most startup positions return little and a few drive results. At OurCrowd's $10,000 per deal, $100,000 buys ten company positions; at AngelList's $1,000 guideline (where a lead accepts it), the same $100,000 could in principle be spread across many more SPVs, though each lead sets its own minimum. Pooled vehicles diversify in one commitment: OurCrowd's OC50 funds are designed to hold 50 companies, and USVC, AngelList's affiliated registered fund, takes $500 for a share of a portfolio of SPVs and funds. AltStreet does not set a number for any reader; the worked example below shows how much of a $100,000 budget reaches companies on each route.

Not for its platform investors. Meridian's disclosures (last updated August 2025) say AngelList 'is not a registered broker-dealer, funding portal, or investment adviser' and does not recommend offerings. Two related advisers appear on IAPD as read October 24, 2026: Platform Advisor, LLC (formerly AngelList Advisors, LLC; CRD 167700, SEC 802-78135), an exempt reporting adviser that serves as adviser of record to platform-advised SPVs and funds, last ADV filed June 4, 2026; and AngelList Asset Management, LLC (CRD 330361, SEC 801-129822), SEC-registered since March 29, 2024, which advises USVC. OurCrowd's adviser, OurCrowd International General Partner, L.P. (CRD 169475, SEC 802-79027), is also an exempt reporting adviser, last ADV filed May 5, 2026.

Not for their private deals. OurCrowd's SPVs and funds are for accredited investors, and some require qualified purchasers. AngelList's SPVs, rolling funds and Meridian listings are for accredited investors only; its rolling funds rely on Rule 506(c), which requires verification. The exception is USVC Venture Capital Access Fund, a registered closed-end fund advised by AngelList Asset Management: usvc.com, as read October 24, 2026, says 'Individual U.S. investors. $500 minimum. No accreditation required', with a 2.50% net and 4.55% gross annual expense ratio under a waiver through at least November 24, 2027, and liquidity only through tender offers its board may decline to make.

Usually only when the company is sold or lists and the vehicle distributes. Neither platform offers redemption on its SPVs, and AltStreet located no secondary market for OurCrowd or AngelList SPV interests as of October 24, 2026. OurCrowd's exits page counts 73 exits but measures multiples from OurCrowd's first investment in each company, not from any investor's entry and not net of fees, and publishes no realized-return figures per SPV. AngelList says it handles distributions to LPs at no additional cost. USVC's only exit is a tender offer for up to 5% of net asset value at the board's discretion.