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[PreMoney SF 2016] Kevin Laws > The Future of AngelList and Online Investing
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Transcript of [PreMoney SF 2016] Kevin Laws > The Future of AngelList and Online Investing
AngelListJ U N E 2 0 1 6
Yesterday
“If the law says we can’t do that, change the law.”
Naval Ravikant, November 2011
Today
Social Network for Startups
FundraisingTalent
Talent
40,000 new candidate profiles a month
Over 10,000 Hires To Date
5,000 new job listings per month
+
=
And now “A List” at https://alist.co
Fundraising
Syndicates
Structured as pop-up, online, venture funds
LPs invest one deal at a time
Lead puts skin in the game
(average 16%)
Online closing and tracking
Designed for scale: 165 syndicates
Deals by experienced angels & VCs
Often founders, close to startup
community
Leads earn carry—no mgmt
fees
LPs are individuals or institutions
Financing deals done by accredited investors leveraging the expertise of
an experienced angel
Syndicates
$175kallocation
PATIENTS KNOW BESTElad Gil
$25k$150k
Eladsyndicat
e
15% carry to Elad5% carry to AngelList
No management fees
38 investors
$150k
BACKED BY
Fundraising to Date
$ Raised Online $360M
Companies Raised Online>500 last 12 months
>1,000
Investors >3,000
Median Raise $208,000
Fundraising is Now Mostly Invitation Only
Q4 2013
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
9%5%
16% 17%20% 22%
37%43%
57%64%
% o
f Dea
ls
Most Deals Have a Limited Number of
Investors
0-10 11-20 21-30 31-40 41-50 51-60 61-70 71-80 81-90 91-98
17%19%
18%
13%
9%7%
6%5%
2%4%
Investors in Each Deal
% o
f Dea
ls
Follow Founder/Investor Leads to Get Invited
https://angel.co/500startups/syndicate
Or Get Broad Exposure via Funds
angel.co/funds
Introducing AngelList Capital Program
For Investors doing $100K+ a month
Choose Deal by Deal
Under Confidentiality Agreements
Access to Private Deals (with lead/company permission )
Email [email protected]
A Platform for Startups