When AngelList first launched rolling funds, an investment vehicle that raises money through a quarterly subscription from interested investors, the company looked at it as a bet. But early interest from emerging fund managers indicates that rolling funds might be more of the future of the company,...

AngelList, a platform that connects angel investors to startups and has roughly $1.8 billion assets under management, has laid off a sizable number of staff and cut executive salaries across all departments, according to a source familiar with the company. AngelList declined to share the number of...