Hey Look, Software Just Ate VC!
“Remember when Sacca was buying Twitter stock like a boss…now there is an app for that.”
To anyone that thought AngelList was going to be this small crowdfunding tool for smallish startup investments, think again.
Remember when Sacca was buying Twitter stock like a boss because the founders preferred him to VCs? There’s now an app for that.
Recently AngelList quietly started testing Syndicates. Syndicates allow you to raise any amount of money on behalf of a startup and take 20% of the carry.
If you’re a hot startup you can now buy advisors without stock. Instead of issuing them advisory shares, just grant them an allocation and let them pimp it on AngelList. You get fewer investors to deal with and more help from people you like.
If you’re awesome at helping startups and/or you’re good at hyping startups publicly, you are now a walking VC fund. Just make a deal to advise the startup, get your allocation, and fill it up. When you help the company succeed you make bank.
If you’re an accredited investor who thinks they can pick ‘em, you can now get access to deals without VC management fees. That saves you ~20% off the top. And since you’re giving up 20% of carry (or more) anyway with a fund, that’s a sweet fucking deal.
If you’re a VC you should be thinking really hard about AngelList right now. You’re either going to make this shit useful or start losing deal flow. I’d also suggest you start working on your personal brand. It might come in useful.
And did I mention, AngelList takes a cut of the carry? Well played Naval. Well. Fucking. Played.
* Note: Image above from the game Syndicate. If you’re too young to remember this click here.
(via startupljackson)
58 Notes/ Hide
- babybottlepops liked this
- claus1860 reblogged this from startupljackson
- shitmystartupsays liked this
- whatoztaughtthelion reblogged this from startupljackson
- gerardramos-blog reblogged this from startupljackson
- startup-ecosystem liked this
- gregneuf reblogged this from startupljackson
- gregneuf liked this
- hackfwd-blog liked this
- ahref liked this
- sellingforstartups reblogged this from startupljackson
- erwolution liked this
- francoismathieu liked this
- ridiculouslyawesome liked this
- caseypugh liked this
- bryanchristmas liked this
- edwardshepard liked this
- voidnothings reblogged this from startupljackson
- jstn liked this
- naveen liked this
- nivo0o0 reblogged this from startupljackson
- paisleypattern reblogged this from marksbirch
- paisleypattern liked this
- joshuanguyen liked this
- rickwebb reblogged this from startupljackson
- dankrearden liked this
- gbattle liked this
- mytangent liked this
- petervortho liked this
- neatocode liked this
- colinashe liked this
- lilyb liked this
- marksbirch reblogged this from startupljackson and added:
“Remember when Sacca was buying Twitter stock like a boss…now there is an app for that.” To anyone that thought...
- apiwat-h-blog liked this
- jaideepd liked this
- dravindran-blog reblogged this from startupljackson
- orchmail reblogged this from startupljackson
- matthewcassinelli liked this
- theapologist liked this
- startupljackson posted this
- Show more notes