You can now share a portion of your carry with one or more recipients directly in the AngelList product using the Deal Partners feature. Note that carry should only be shared when the person has provided or will provide assistance and expertise in identifying, assessing, and negotiating the deal.
If you're sharing carry for a deal in a fund with multiple investments and fund-level carry, the carried interest transfer agreement allocates carried interest from the fund to deal partners for specific investments.
Deal Partners Process - New Investments
You can choose to add deal partners when creating a new SPV deal. In the Carry and Investments section, you'll see a place to add these partners, beneath the Total Carry field. You must enter a name, as well as the percentage of your carry that you'd like to share.
Until your deal is approved, you will not be able to copy a link to share with your recipient(s). Once your deal is approved, you'll see the option to Copy Link.
Your recipient must have an AngelList account to view the page; so they'll need to sign up if they don't already have an account. The link will take the user to a page where they'll see a few details about the deal, how much carry they'll be receiving, and the option to accept or reject the invitation.
If they accept the invitation, they must choose from an existing carry recipient entity or create a new one and provide details. Note that the individual will undergo identity verification and may be asked to upload a government ID or provide additional information about their investing entity, if applicable.
You will be notified via email whether the recipient has accepted or rejected your invitation. If they accept, you'll be asked to confirm the carry share. The carry share agreement is not finalized until you confirm. You can also finalize a carry share within the deal dashboard, in the same area where you added the recipient.
After clicking "Finalize" you'll see the following modal:
If you'd like to cancel the carry share agreement, you can do that by clicking on the 3 dots to the right of the deal partner's name and clicking "Remove Deal Partner."
Once you finalize a carry share agreement, you cannot cancel it without consent from each of the parties. If you need to cancel an agreement that has been finalized, please reach out to firstname.lastname@example.org.