For more than a year, the AngelList founder and CEO has been trying to persuade institutional money managers to participate on his popular crowdfunding platform, which so far has helped facilitate $205 million in investment for 650 seed-stage companies. Find a great startup job, invest in a startup or raise money. There have been some small successes, like $25 million in commitments to Maiden Lane, a quasi-independent fund that primarily backs companies via AngelList’s syndicates program, which allows well-known individual investors to create pools of committed capital that gets invested on a deal-by-deal basis. But for all of his meetings — including trips to Wall Street — Ravikant still couldn’t tap the deepest purses.

http://fortune.com/2015/10/12/angellist-gets-institutionalized/?xid=nl_termsheet