Feld Thoughts

AUGUST 25, 2015

Take a look at the founding syndicates of each: Masstor Sytems (5/1979). Quantum Corporation (6/1980). What is striking about these syndicates is that nobody had any meaningful capital, which forced syndication and cooperation. Some were Silicon Valley early stage companies, such as Apple, Quantum, and Masstor Systems.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

David Teten

MARCH 14, 2018

The firm attracts deal flow by promising a decision (positive or negative) in under 2 weeks, with minimal paperwork and without repeating due diligence. Coinvestors need to figure out ways to prioritize themselves in a VC’s preference stack for syndicating opportunities.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

This is going to be BIG.

DECEMBER 3, 2020

Are investors allowed to come into deals that the fund does side by side with the fund? This creates a source of deal flow for investors who aren’t out there full time creating opportunities. In fact, those deals are actually set up as mini-funds. Access to the partner.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

Haystack

JULY 15, 2018

Recently on this blog, I’ve been attempting to unpack how an investor can sort through deal flow and potential investment opportunities. After writing about “ the quick kill ” to discard of inbound flow, next I wrote about what actually captures my attention and graduates to a meeting.

Founder 60

Founder Syndicate Syndication Deal Flow 60

Feld Thoughts

JULY 24, 2014

If you’ve been following along at home, you know that we recently created an AngelList Syndicate called FG Angels. We’ll contribute $50k to each investment; our FG Angels Syndicate will contribute up to $450k. 2 angels are considering creating their own AngelList syndicate as a result of their experience.

Syndicate 132

Syndicate Syndication Colorado Angel Groups 132

Rob Go

SEPTEMBER 4, 2018

We are also seeing more investors try to be a part of syndicated A rounds for companies that are raising $5M or more and are really not what most would consider “seed” stage. Great returns in early stage investing is driven by great deal flow and good picking. This is not what Nextview is about.

North America 36

North America Seed Stage Early Stage Lead Investor 36

This is going to be BIG.

MAY 5, 2023

Either they build a firm in order to outsource the screening and sourcing, they don't do as much deal leading, choosing to follow instead, or they go later stage to narrow their aperture to a much smaller set of companies that already have traction and shrink the amount of deal flow they need to look at.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Gust

AUGUST 27, 2014

Benefits of joining a group include pooling deal flow, capital, domain expertise, and investing experience. Most groups run regular education sessions for new members, and provide mentoring for less experienced investors by those with many deals under their belt.

Angel Investor 133

Angel Investor Accredited Investor Angel Groups Syndicate 133

Haystack

DECEMBER 27, 2018

Deal flow, then, is often a random walk. Slowly I have learned – the association investors have with certain founders, syndicate partners, and downstream VC firms matters; the people one chooses to work with as investor matters a great deal; and while the decisions may happen quickly, they stick around for a long time.

Portfolio 118

Portfolio Syndicate Syndication Flash 118

Genuine VC

JULY 26, 2010

Micro VCs are notorious for building large and friendly syndicates. While traditional VCs sometimes have a love/hate relationship with their syndicate partners (often depending on how well their mutual portfolio companies are performing), it seems as though in the Micro VC arena all of the players speak and act like best friends.

Syndicate 128

Syndicate Syndication Due Diligence Seed Stage 128

Gust

JANUARY 15, 2014

Gust (the company I founded) is the online platform used by over 45,000 accredited angel investors and VCs, from over 1,000 angel groups and venture funds, in 74 countries, to manage their startup deals.

Angel Investor 119

Angel Investor Belarus Portugal Accredited Investor 119

David Teten

JULY 10, 2017

This matching structure takes advantage of the industry knowledge, proprietary deal flow, and network of senior executives. – If an employee wants to invest at least $25K in a private company, she can nominate it to the Syndicate VC (“SVC”). Trevor Bond , former CEO of CEO of W.P.

Employee 60

Employee Balance Sheet Syndicate Syndication 60

David Teten

SEPTEMBER 23, 2017

Sebastian Soler recently launched Knowledge.vc , which uses software and machine learning to enhance deal sourcing and diligence for VC firms. 4) Manage deal flow. For example, we created a pipeline management tool that automatically adds deals along with relevant information (such as attachments received) to our funnel.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Haystack

AUGUST 18, 2019

Those employees and operators, who often have some book wealth now (or are running syndicates on AngelList or acting as a scout for another fund) can easily dump $50K-$100K into one of their ex-colleague’s new startups, or put this money into their friend’s new startup, or their friend’s new hot deal.

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

Austin Startup

FEBRUARY 28, 2019

Find out what the buzz is all about and make valuable connections with local investors who you can syndicate deals with. You should come along for the ride if you are interested in investing more in Texas technology and disruptive commerce companies and want to develop relationships with local investors who can be your deal flow.

Texas 50

Texas San Antonio Houston Dallas 50

Gust

JANUARY 15, 2014

Gust (the company I founded) is the online platform used by over 45,000 accredited angel investors and VCs, from over 1,000 angel groups and venture funds, in 74 countries, to manage their startup deals.

Angel Investor 70

Angel Investor Belarus Portugal Accredited Investor 70

Rob Go

MARCH 10, 2012

We try to maintain a pretty steady investment pace each year, although it tends to ebb and flow a little bit based on our deal flow and valuations in the market. Syndicate diversification. So for the most part, we try not to be too dogmatic about syndicate partners.

Seed Stage 49

Seed Stage Syndicate Syndication Marketing 49

View from Seed

MAY 29, 2019

Historically, seed rounds were syndicated among several different firms. These funds would regularly share deal flow with one another and could share the work in supporting founders and helping to push the company forward. Instead of broadly syndicated rounds, we are seeing much more competition for fewer slots.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

David Teten

DECEMBER 3, 2019

She answered, ‘We see a lot of deals.’ I said we had a lot of deal flow. Chris Dixon, Partner, A16Z, observes , “Success in VC is probably 10% about picking, and 90% about sourcing the right deals and having entrepreneurs choose your firm as a partner”. Kushim manages your deal flow and track portfolio performance.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

www.gabrielweinberg.com

AUGUST 28, 2012

I syndicated (helped them put together the round) in five: Notehall, MyZamana, Locately, Zippykid, and Instinct. Get an edge (lower valuations, better deal flow, etc.) Here are the basic stats: We've made eight initial investments and one follow-on. by leading rounds and being willing to jump first.

Valuation 54

Valuation Syndicate Syndication Angel Investor 54

Feld Thoughts

JANUARY 5, 2016

After two years of a dedicated experiment, we’ve decided to stop making new investments via our FG Angels Syndicate. The Monday after AngelList announced their Syndicate product in September 2013 we decided to to jump in with both feet and start FG Angels. Average syndicate investment amount per deal: $316k.

Syndicate 70

Syndicate Syndication Angel Investor Portfolio 70

David Teten

FEBRUARY 3, 2014

We have such a deluge of inbound deal flow via our network that we are not investing a lot of energy seeking out additional companies to filter. That said, our experience so far is that these online markets are most useful to identify opportunities to join a syndicate, not to source and lead a new investment.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Feld Thoughts

JUNE 6, 2012

We describe Foundry Group ‘s behavior as “syndication agnostic.” Because we are syndication agnostic, we are delighted to work with great co-investors and welcome and encourage the interaction and partnership. ” When we make an investment, we are completely agnostic as to whether or not we have a co-investor.

Syndicate 136

Syndicate Syndication Cofounder Angel Investor 136

Professor VC

MARCH 12, 2015

It was a great product addressing a large market opportunity and was interested in seeing how the AngelList syndicate process worked. Due to confidentiality provisions, I can''t disclose details, but there are many very unhappy participants who invested through the syndicate. Syndicates can either be company led or investor led.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

www.paulgraham.com

APRIL 28, 2010

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. This isyet another problem that gets solved for you by syndicates.

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63