All Things Angel Investing #12

Intangible Angel Weekly: VC Subscription boxes, SPACs & Vincent Launches

Back in June (Edition #9) I referenced investors looking for way to differentiate their brands. Multiple people subsequently mentioned the very cool approach taken by FirstLook Venture Co. who offers a subscription box full of emerging, high-growth consumer brands sent directly to early-stage investors. FirstLook Partner Brian Folmer cited his team’s mission as “cutting the friction between founders and investors, especially important during these difficult and socially distant times”. Join many in our community who already receive the box, or reach out to Brian directly: brian@firstlook.vc

Being Talked About:

• Our private markets friends at Vincent launched! Congrats Eric C & team!

• A portco is looking for a new head of product (DM @IntangibleAngel for details)

• Mixily is hosting a virtual happy hour for angels August 6th @ 6pm. Join us!

• The responses to send founders who request NDAs (Slack)

Check It Out:

• Beach Read: The Oral History Of the Super Soaker

• Contemplate: The new million-dollar lone-wolf VCs

• Analyze: A great breakdown of Faire's marketplace

• Add: Your favorite angels to this list 👇

Harry Hurst @harryhurst

Who are the most value additive angels/micro-funds you know? - Fintech/SaaS/Marketplace - $25-100k check sizes - Good human beings 👇👇👇

Deals:

A K-12 fundraising platform, reimagined and healthier classic snacks, all natural D2C mood chews, the Masterclass of India, a curated wellness marketplace (see #pitches)

Trends:

All About SPACs

Sam Korus @skorusARK

1/ We finally know what @chamath is doing with his SPAC. He’s teaming up with @richardbranson and taking a 49% stake in Virgin Galactic with an additional $100M of his own money. The new space race is now at full throttle. Thread ⬇️

SPACs have been dominating financial headlines recently and some believe they could become the preferred way private companies enter public markets. A few curated links for your reading pleasure: Bill Gurley's answer to whether the SPAC could replace the IPO. Alex Danco on how Social Capital got into the SPAC game. A good Tweetstorm hoping SPACS don't turn into Cryptomania 2.0 by Anuj Abrol. For the more technical, Gabelli Funds' financial engineering playbook offers a deep dive into SPAC mechanics. Finally, our own Byrne Hobart with his SPAC analysis.

Parting Thought:

Ryan Denehy @DenehyXXL

Do geo-focused VC's need to start thinking about said focus as a liability rather than an asset? Or maybe less important?

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