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Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

If you track the venture capital industry it would be hard to miss the conversation going on this week over AngelList “Syndicates.” My favorite new VC blogger, Hunter Walk, weighed in with some thoughtful comments about how Syndicates might actually pit, “ angel vs. angel.” Must be doing something right!

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Equity Ownership. Yes, typically preferred equity. On average, founders own just 43% of equity by Series B , declining thereafter. Flexible VC 102: Variations.

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Invite to PEVCTech June 17 Event: Private Markets Syndication Solutions

David Teten

I hope you’ll join fellow members of PEVCTech.com for an informal discussion around: – Co-investing with family offices and private equity investors in proprietary, direct deals. When: Monday June 17th, 2019; 5:30pm mingling, 6pm demo & discussion, 6:45pm informal conversation. Food: Light dinner.

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An Investor’s Personal Social Media Tech Stack: In the future, everyone will be famous for 15 followers

David Teten

In the venture capital/private equity business, investors are B2B microinfluencers. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. I don’t have bandwidth to engage in substantial conversations on Twitter. . Hootsuite.

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How VCs Structure a Syndicate and Recruit Coinvestors

David Teten

Although EquityZen is primarily an online marketplace for secondary shares in private companies, they also offer syndicated primary investments. This is primarily an advantage for the underlying investor in the company, not the VC leading the syndicate. . Private Equity Coinvestment: Best Practices Emerging (PWC).

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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? penchina#syndicate.

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Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It’s going to be great!”.