Long-term games with long-term people: Lessons learned at AngelList

I joined AngelList to get the clock started again. After InScope, I knew I needed to recharge my batteries before starting another company, so I looked for a place where I could spend a couple of years close to new problems and find my way to the next idea. AngelList looked like a great spot to do that and to meet people interested in the intersection of startups and finance. AngelList's view on AI automation rhymed with mine: not building tools for financial operators to complete tasks more efficiently, but replacing the menial parts of their role with software, and letting the most skilled ones level up to strategic matters instead of focusing on mechanics. The copilot vs autopilot story seems obvious now, but it wasn't so just a few years back. My initial mandate at AngelList was to lead a team of engineers to build a Fund ERP. Accounting is not the most exciting part of venture, but it is core infrastructure. Venture funds are bundles of long-lived promises that change over time.…