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I'm considering creating an investment syndicate an AngelList. As a startup founder in Silicon Valley, I see a number of interesting startup companies, some of which are fundraising. ...If you have questions about how syndicates work, you can read the AngelList FAQs here or ask questions in the comments below. If I do proceed with the syndicate, then I'll form a small team to perform due diligence on deals.
The fine folks over at AngelList have agreed to allow me to give their materials away to select individuals, under the following conditions: 1) You agree not to distribute copies of these materials (AngelList is a free service, and what little revenue they make comes from selling these materials. ... So please don't violate their trust) 2) You agree not to provide other people access to this page 3) You'll tell the world how awesome AngelList is. (OK I made that third one up myself, so consider it my request of you) If you have friends that want the materials, ask them to put a comment on my blog and ask for the materials in the comment, and I'll evaluate everyone individually.
Out of the $1.5 million dollars in angel funding we've raised for Socialize, over $1 million came from introductions made on AngelList. We were very early AngelList users under our AppMakr brand, with Brendan Baker doing a detailed analysis of our use of AngelList in his Anatomy of a Seed project. ... I also wrote a lengthy manifesto about our fundraising experience, and when AngelList was very new I interviewed Naval Ravikant, one of the AngelList founders. Recently, using AngelList has changed the way I've been fundraising. ... I definitely haven't figured it all out yet, and AngelList changes daily. First, some background on AngelList: If you're an entrepreneur and you haven't yet made a profile on AngelList, you need to do that right away.
Naval Ravikant of AngelList spoke to a sold out group at yesterday's Hackers & Founders event held on the Microsoft campus in Mountain View, CA.... In the video below, Naval discussed: How the funding landscape has changed, and what it means for you Whether or not we're in another "bubble" What's most important -- and what's not important-- when you're seeking funding How AngelList works and how to take advantage of it Here's the video of the event:
For this first post, I scored an interview with Naval Ravikant, one of the co-founders of VentureHacks, which runs AngelList. AppMakr went through AngelList, and intros from AngelList were responsible for 54.5% ($545k) of the $1MM we raised. Needless to say, these guys rock. ... Here's the video with Naval: Here's a transcript of the video: (learn how & why I do this) Fundraising Hacks: Interview with Naval Ravikant of AngelList Posted 10.21.2010 on http://www.danielodio.com/2010/10/21/fundraising-hacks-interview-with-naval- ravikant-of-angellist/ Length 34:18 Conversation is between Naval Ravikant, Co-founder of Venture Hacks, which runs AngelList and Daniel Ruben Odio-Perez, Co-founder and CEO, PointAbout Inc. the creators of AppMakr.com Naval- Entrepreneurs, even though they are inherently smart and understand the concepts of markets, efficient markets and market pricing, they still tend to get seduced by kind of that individual investor who's saying, don't worry, I will give you the best deal, like oh I want you to go with me. ... Daniel- Alright, to start, I'm here with Naval of AngelList, and this is Daniel (speaking), I'm doing a blog on what it's been like to raise money and AngelList has been the most valuable resource that we have come across, it's been amazing.
You can see the handout I used during my talk at left (click to download PDF). For those who attended the event, AngelList has graciously allowed me to give away their 90 page e-book titled "Pitching Hacks," their 1,396 page "Venture Hacks Bible" and their sample cap table, which together usually sells for a combined $47.... In addition, a DC-area entrepreneur who recently raised $1 million from various angel investors through AngelList will give a brief presentation on his successful fundraising. Funders Roundtable:Jonathan Aberman, Managing Director, Amplifier VenturesKiran Hebbar, Partner, Valhalla PartnersJohn May, Managing Partner, New Vantage GroupThomas Weithman, Managing Director, CIT GAP FundsModerator: Paul Sherman Additional speakers to be announced Entrepreneurial Presentation:"Cliff Notes on Raising Your First $1 Million Through AngelList" by Daniel Odio, Co-founder, AppMakrEntrepreneurs Roundtable:Richard Fawal, Founder, WatchParty.tvFahad Hassan, CEO, Always PreppedDaniel Odio, Co-Founder, AppMakr and PointAboutMorris Panner, Co-founder, groupflier Additional speakers to be announced Moderator: Paul Sherman Video (my keynote is at minute 57):
Cliff Notes on Raising Your First $1 Million Through AngelList' Keynote + Panel Interview with Naval Ravikant, co-founder of AngelList, an angel fundraising vehicle I highly recommend Interview with George Zachary, a partner at Charles River Ventures, on how to approach and pitch Venture Capitalists Interview with Stephen DeBerry, a partner at Kapor Capital, on recommended deal structures and more Interview with Shai Goldman, a director at Silicon Valley Bank A panel hosted by Shai discussing the differences in raising angel vs. ... Cliff Notes on Raising Your First $1 Million Through AngelList' Keynote + Panel Interview with Naval Ravikant, co-founder of AngelList, an angel fundraising vehicle I highly recommend Interview with George Zachary, a partner at Charles River Ventures, on how to approach and pitch Venture Capitalists Interview with Stephen DeBerry, a partner at Kapor Capital, on recommended deal structures and more Interview with Shai Goldman, a director at Silicon Valley Bank A panel hosted by Shai discussing the differences in raising angel vs. ...Series A funding A blog showing visually how 8.47% of the potential investors I spoke to ended up funding us How to 'Hack Your Funding' by Naval Ravikant of AngelList Other good resources include: VC Panel at the Digital Media Conference Fundraising Panel at TechCocktail's Startup Mixology Event Don Rainey talks about investing in LivingSocial
search=angellist">Here's a search for the term "AngelList" on my blog, which contains a treasure trove of useful materials, including the Venture Hacks bible courtesy of the fine folks at AngelList. Go get 'em, and never give up on what you believe in.
Here is the video from our talk: And here are my notes from the talk today, as promised: Here are the slides from my talk: http://drod.io/1O3j2k2R0e3X My "3 biggest pitfalls of starting a business" points: Founder issues - pick the right founders: Paul Graham has some great posts related to founders and startups: http://paulgraham.com/ds.html http://www.paulgraham.com/growth.html Product: focusing, launching MVP, iterating quickly to find product/market fit: Great post by Jason Polites on "The Big shift" http://polites.com/2013/04/09/the-big-shift/ , by Marc Andreessen on Product/Market fit http://www.stanford.edu/class/ee204/ProductMarketFit.html and some posts I wrote about it: http://danielodio.com/optimizing-product-market-fit-first-be-proactive-then-be-reactive http://danielodio.com/could-the-8020-principle-be-wrong http://danielodio.com/focusing-on-focus-why-we-sold-appmakr Fundraising: Lots of AngelList tips here: http://go.DanielOdio.com/angellist The mobile crush cometh -- I believe CEOs will be fired for missing mobile: http://danielodio.com/a-warning-to-fortune-1000-ceos-the-mobile-crush-cometh Building company culture: Example of our Socialize Manifesto: http://go.GetSocialize.com/manifesto and a great example of two very different company cultures between Google & Amazon: http://danielodio.com/eating-your-own-dogfood-google-vs-amazon Thoughts on Being acquired: http://go.DanielOdio.com/acquired The Big Shift: http://polites.com/2013/04/09/the-big-shift/ Lifehacking: http://go.DanielOdio.com/instrument http://go.danielodio.com/rapportive http://go.DanielOdio.com/massive http://go.DanielOdio.com/bigdripper http://go.DanielOdio.com/hackpad My Bio: http://bio.danielodio.com
It doesn't have to be this way. Tell the SEC why these rules are backwards and kill innovation. AngelList can help you understand the graveness of this issue: https://angel.co/sec Here's what I wrote to the SEC: You can