Kevin Laws, President, AngelList > The Future of AngelList and Online Investing

1. AngelList
J U N E 2 0 1 6

2. Yesterday

4. “If the law says we can’t
do that, change the law.”
Naval Ravikant, November 2011

6. Today
Social Network for Startups
FundraisingTalent

7. Talent
40,000 new candidate profiles a month
Over 10,000 Hires To Date
5,000 new job listings per month
+
=

9. And now “A List” at https://alist.co

10. Fundraising

11. Syndicates
Structured as pop-up, online, venture funds
LPs invest one
deal at a time
Lead puts skin in
the game (average
16%)
Online closing and
tracking
Designed for scale:
165 syndicates
Deals by
experienced
angels & VCs
Often founders,
close to startup
community
Leads earn
carry—no mgmt
fees
LPs are
individuals or
institutions
Financing deals done by accredited
investors leveraging the expertise of an
experienced angel

12. Syndicates
$175k allocation
PATIENTS KNOW BESTElad Gil
$25k
$150k
Elad
syndicate
15% carry to Elad
5% carry to AngelList
No management fees
38 investors
$150k
BACKED BY

13. Fundraising to Date
$ Raised Online $360M
Companies Raised Online
>500 last 12 months
>1,000
Investors >3,000
Median Raise $208,000

14. Fundraising is Now Mostly
Invitation Only
9%
5%
16% 17%
20%
22%
37%
43%
57%
64%
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
%ofDeals

15. Most Deals Have a Limited
Number of Investors
17%
19%
18%
13%
9%
7%
6%
5%
2%
4%
0-10 11-20 21-30 31-40 41-50 51-60 61-70 71-80 81-90 91-98
%ofDeals
Investors in Each Deal

16. Follow Founder/Investor Leads to
Get Invited

17. https://angel.co/500startups/syndicate

18. Or Get Broad Exposure via
Funds
angel.co/funds

19. Introducing AngelList Capital
Program
For Investors doing $100K+ a month
Choose Deal by Deal
Under Confidentiality Agreements
Access to Private Deals (with lead/company permission )
Email alex@angel.co

20. A Platform for Startups