As an “angel” LP, I’ve seen VC funds let me write them checks in 2 different ways 👇1️⃣ Directly into the fund –> Common when I’m investing in 1st time fund managers2️⃣ Via a SPV –> Larger funds (or funds that don’t want to deal with fund admin + capital calls for smaller LPs, or … Read more
Here’s a bit of background on the venture funds I’ve invested in. I’m sharing this so folks are aware we’re making these investments, and so that you can learn from my experience. To be clear, these investments are discretionary “angel” sized commitments at the moment – not a dedicated fund. Our activity and size of … Read more
If you’re about to take the plunge into angel investing, or you’re finding it hard to get started: Here’s a tip. Most startups that are raising money will have a minimum check size they’ll take. (I’ve seen this minimum be $25k for most angel/seed deals I’ve been involved with, although YMMV) If you’re not ready … Read more
Does this seem unfair? Angel investor builds a track record with some strong investments. Angel investor decides they want to start a fund. Angel investor sells LPs on Fund I, based on how those angel investments are performing. LP writes check into Fund I. LP begins praying that the Fund I portfolio will end up … Read more
If you’re about to take the plunge into angel investing, or you’re finding it hard to get started: Here’s a tip. Most startups that are raising money will have a minimum check size they’ll take. (I’ve seen this minimum be $25k for most angel/seed deals I’ve been involved with, although YMMV) If you’re not ready … Read more
So when I was 16: My friend Dan used to pick me up for school. I always knew when he was close to my house. Because I could hear the bass pounding from his sub, halfway down the street. Today I want to tell you about a different sub, though. A sub that can help … Read more
When you think of what makes up a VC investing strategy: Your mind probably gravitates to these 2 things: Investment thesis (sector/type of company) Preferred stage (seed, Series A, etc) But sometimes: It’s not that simple! And there’s a 3rd element that gets thrown into the mix. Some firms talk about that 3rd thing transparently. … Read more
