Ash Fontana Venture Hacker, AngelList @ashfontana

1. ✌ Investing Online
@ashfontana

2. The Old Way:
Offline
@ashfontana

3. Public Markets

7. VC Funds

10. Direct

11. Offline

14. The New Way:
Online
@ashfontana

15. (i) Find
(ii) Research
(iii) Invest
Efficient,
(i) Early stage
(ii) Low fees
(iii) Cut losers
(i) Direct
(ii) Managed
(iii) Index
low-cost,
and flexible.

16. 1. Efficient

17. (i) Find

19. (ii) Research

20. work experience
previous investors
monthly growth rate
valuation
founder’s education
product video

24. (iii) Invest

27. 2. Low-cost

28. a. No management fees

29. b. Cut losers

30. Offline Online

31. c. Get in early

32. 3. Flexible

33. a. Pick a stock

34. Offline Online

35. a. Pick a stock
• Traction!
• Downstream funding risk
• Q&A
• Investor updates
• angel.co/valuations
• Reserves

36. b. Trust a manager

37. $260k allocation
N E W C O
Elad Gil
$50k
$210k
Elad
syndicated
Close in 5 days
20% carry to Elad
5% carry to AngelList
No mgmt fees
35 investors
$210k
BACKED BY

38. Everybody’s doing it

39. b. Trust a manager
• 5%+ skin-in-the-game
• Reasonable carry
• Relevant experience to utilize for the company
• Relevant knowledge to understand the risks
• Strong track record and deal experience

40. c. Buy the index

41. :~AngelList$…

42. (i) Find
(ii) Research
(iii) Invest
Efficient,
(i) Early stage
(ii) Low fees
(iii) Cut losers
(i) Direct
(ii) Managed
(iii) Index
low-cost,
and flexible.

43. angel.co/invest
@ashfontana