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Gil Penchina’s Army: How AngelList’s Largest Syndicate Plans to Lead A Rounds, Hire An Associate & Keep VCs Honest

Hunter Walker

But he’s raised the largest syndicate on AngelList , turning himself effectively into a one-man fund for, if not the masses, at least the 270 people who have already committed nearly $3.4m AngelList syndicate has surprised some people, you’ve been angel investing for quite a while, right? He tweets infrequently.

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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

The average equity fund investor earned a market return of only 4.25%. Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. I can only think of a few exceptions to this zero-sum principle.

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How to Be an Angel Investor

www.paulgraham.com

When we sold our startup in 1998 I thought one day Id do some angelinvesting. Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms. In a syndicate there is usually a"lead" investor who negotiates the terms with the startup. Dont feel like you have to join a syndicate, though.