New Delhi, Aug. 6 -- Gumroad founder Sahil Lavingia has teamed up with AngelList to launch his debut $5 million rolling funds to invest in early-stage entrepreneurs. He will be cutting $100,000 to $250,000 checks for startups and has a particular interest in B2B, SaaS, future of work, video and developer tools.

Talking to TechCrunch, Lavingia said that he didn't even know he wanted to be a VC. The entrepreneur has made some angel investments in Lambda School, Figma, Haus, Clubhouse and HelloSign (later Dropbox acquired it). Eventually, though, he says angel investing got too expensive for him to do, so he stopped.

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