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

Both Sides of the Table

Information Leaks are a Real Problem. Having too many investors can lead to information leaks. Dan Primack talks about the “ other angel problem ,” which is that too few angels get full information rights and are therefore investing in companies they have little information about.

Cap Table 150
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Three Questions Founders Should Ask Scouts Before Taking An Investment

Hunter Walker

As Tomio Geron wrote in this week’s WSJ , At Homebrew , we don’t currently use Scouts, but generally welcome any investors into syndicates who can provide value to the founders. I do not think it’s fair to have the Scout transfer founder updates or company information verbatim. Are you a Scout?

Founder 69
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The 10x Angel. The 0x Angel.

Hunter Walker

Despite being the smallest line on a founder’s cap table, we were often one of the first calls they made when confronted with a problem to solve or opportunity to consider. If you just need the money, stick unknown angels in an AngelList Syndicate so they have more limited information rights.