AngelList
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Why I Deleted My AngelList Account
Yesterday I deleted my AngelList account. Doing so generated a lot of questions on Twitter, in email and from the press so I want to explain myself. Its a decision I’ve been wrestling with for the last few months as I’ve found the service increasingly not matching my investment philosophy.
AngelList has changed the early stage funding scene, bringing online efficiency to what was a decidedly analog process of raising angel funding. AngelList is an online matching-making site for start-ups and angel investors. Angellist has made more than 7,600 introductions between more than 800 start-ups and 1,200 investors. Companies such as Facebook-based job search company Branchout , daily deals aggregator Yipit and car-sharing company Getaround are among those that have raised funding through the site. With its growing popularity, Angelist has expanded to six employees and moved into a new airy loft in San Francisco’s SoMa district.
AngelList Takes Angel Investing To Warp Speed - Tomio Geron - Social Markets - Forbes
Why I Won’t Game AngelList
I think AngelList is awesome and I’m a huge fan of what they’ve done. Nivi wrote a great post celebrating their 1.5 year anniversary today: 1.5 Years Of AngelList: 8000 Intros, 400 Investments And That’s Just The Data We Can Tell You About . One of the powerful constructs of AngelList is social proof . It’s become an important part of the seed / early stage venture process as very early stage investors pile into companies that their friends, or people they respect, are investing in. AngelList does a nice job of exposing and promoting social proof during the fundraising process in a way that is both legal and non-offensive. However, as one would expect, entrepreneurs focus on taking advantage of every opportunity they have.
What’s The Real Deal With AngelList? | TechCrunch
Editor’s Note: This is a guest post by Mark Suster ( @msuster ), a 2x entrepreneur, now VC at GRP Partners . Read more about Suster at Bothsidesofthetable There’s lots of discussion out there about a new and much-loved service called AngelList that connects entrepreneurs to angel investors. I was reluctant to write about AngelList because the debate on pros / cons is pretty nuanced. But with some heat flying I felt it worthwhile to give anybody on the sidelines a better understanding of the issues. Bryce Roberts, a person whose opinion and judgment I greatly respect as well as a person I consider of high integrity has gone on record as having “ deleted his AngelList account .”
It’s the AngelList centi-sesquicentennial and we want to share some stats with you. After 1.5 years, AngelList has seen… 8,000 intros. An investor has asked for an intro to a startup on AngelList over 8,000 times. 400 investments. A startup has been introduced to an investor and subsequently closed that investor over 400 times. 8 [...] We’ve covered this before, but it’s worth repeating: don’t raise money in series, raise it in parallel. Don’t talk to one investor at a time, talk to all of them at once.
