Remove Cap Table Remove Naming Remove Reputation Remove Syndication
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How Many Angels is the Right Amount for a Startup to Have?

Both Sides of the Table

After they see a name they trust, everybody wants to invest” It’s called “ social proof ” and it’s a good thing for entrepreneurs. But we’ve gotten the point where ENIFA and they will invest with no information based solely on the name of who else has invested. million from more than 30 investors.

Cap Table 150
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How to Leverage Micro VC Funds to Build an Angel Portfolio

This is going to be BIG.

Diversification Finance 101 would tell you that, in the public market, you want to be in at least 20-30 names to eliminate a good chunk of the risk (as defined by the standard deviation of return) that you don’t actually get paid for. Less than that and you need something else to bring to the table. b) Reputation for adding value.

Portfolio 134
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How to Fund a Startup

www.paulgraham.com

Some angel investors join together in syndicates. One of the dangers of taking investment from individual angels,rather than through an angel group or investment firm, is that theyhave less reputation to protect. A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out.