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How Many Angels is the Right Amount for a Startup to Have?

Both Sides of the Table

If you have 8 well known, high quality angels with impeccable reputations then be as transparent as you like. If you have 50 investors on your cap table – I’m sorry but you really don’t know what the f**k they’re telling people about your company or whom they’re tell it to.

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How VCs Structure a Syndicate and Recruit Coinvestors

David Teten

I thought it might be helpful to provide transparency on how we and many of our VC peers think about optimizing the cap table for our companies. . Although EquityZen is primarily an online marketplace for secondary shares in private companies, they also offer syndicated primary investments. Market Insight.

Insiders

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How to Leverage Micro VC Funds to Build an Angel Portfolio

This is going to be BIG.

If you do 100% true angel investing, where you’re putting money directly into companies, and not other people’s funds or syndicates, you have to ask yourself the question of how likely it is that you’ll see enough good deal flow to find the big winners. Less than that and you need something else to bring to the table.

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Sharp Elbows Among Seed VCs

View from Seed

Historically, seed rounds were syndicated among several different firms. Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market. Instead of broadly syndicated rounds, we are seeing much more competition for fewer slots. Why Is Seed Investing Becoming More Sharp Elbowed?

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

It usually happens in a later round, when the company is in fact worth much less than the liquidation preference overhang and insiders use a pay-to-play and a low valuation to reset the preferences and the cap table. And developing a reputation for recapping seed rounds is, in my book, silly.

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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. 5 ] Another danger of less known firms is that, like angels, they haveless reputation to protect.