We charge $8000 per syndicated deal. This covers the legal cost and our back office team, who handle all the legal aspects of your syndicate for its lifetime. Each deal you run is setup as a separate syndicate, so each deal incurs this $8000 cost.
The $8K setup cost is distributed across all of the LPs who participate in a given deal. The amount is pro-rated, based on their investment amount.
For pro-rata deals, where the previous deal was also run via AngelList, the setup costs are reduced to $4000.
Note: There is an option to run a deal with AngelList Access Fund as the only LP, in which case the setup costs are reduced to $3000.