https://techcrunch.com/2018/06/01/sv-angel-says-it-wont-be-raising-another-fund-from-outside-investors/

SV Angel, the seed-stage investment firm, announced today that it’s getting out of the traditional venture business. At least, said the firm, going forward, its founders, meaning famous angel investor Ron Conway and his son Topher, will be investing their own money in startups.

In a follow-up email exchange with TechCrunch, Topher Conway explained that several of the firm’s most recent checks, including to the chatbot startup Hugging Face, the hormone-testing company Modern Fertility, and to the electric skateboard company Boosted Boards, came from SV Angel’s existing, outside-investor-backed funds. He added that those existing funds will now no longer make new investments, but that SV Angel will continue to invest in follow-on rounds in its existing portfolio companies.