Angel groups sometimes get a bad rap. They are also easy targets as they tend to be groups of older, wealthier white men constantly saying no to founders. Angel groups typically evaluate deal flow as group and then choose whether or not to invest as a group, or on an individual basis. Over the years there have been a lot of bad practices, such as charging founders for pitches (call these folks out!). At Intangible Angel we refer to ourselves as a community, or member-network because we want to focus on community and learning over deal-flow. We want to do our part in helping make private investing more transparent and accessible. To that end, please don’t hesitate to tell us your ideas and feedback. We’re still figuring things out, but have a lot of exciting ideas planned for our evolution.
Being Talked About:
Bryan is looking for insights into the coffee space (Slack)
Discussion of startup bookkeeping options (Slack)
Sajhid shared a great presentation by Jyri Engeström on early-stage venture (Slack)
New RFS 100 featuring IA members @morganpolotan and @samhuleatt
We are building a list of favorite AngelList syndicates. Please add more here.
Check It Out:
Join: Sarah Tavel (Benchmark) is hosting a webinar on marketplaces June 26th. Sign-up here
Join: The Rock Health Summit will be virtual and now has early-bird pricing ($375)
Read: Interview with Marc Andreessen by Sriram Krishnan
Buy: Adam Keesling is joining forces with @danshipper and @nbashaw on a productivity bundle
Deal Highlights:
Bobak and Pilar (Debut Capital) have a new deal, eCommerce for electric vehicles, a Zuora killer (#pitches)
Parting Thought:
Does anyone use IRAs for their private investments? (I do)
Find this email interesting or valuable? Please refer us to angel friends.
Feedback? Suggestion to share next time? hello@intangiblevc.com