While we will run deals with lower allocations, $72,000 (or $36,000 for pro rata deals) is our recommended minimum allocation to keep setup costs below 10%.
Setup costs are normally distributed across all LPs and pro-rated based on their investment amount. If you wish, you can cover all or part of the setup costs.
The setup costs for most deals are $8,000. For pro rata deals where the previous deal was run via AngelList, setup costs are reduced to $4,000.