how to invest small chunks into syndicates by gil penchina (super angel) at vator splash oakland

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Preliminary Information – not for Fundraising

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Page 1: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Preliminary Information – not for Fundraising

Page 2: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Our team all started as angel investors

• Scouting for deals

• Sharing deals with friends

• Trying to add more value than just our money

• Working with young exciting entrepreneurs

Page 3: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

I got lucky more than a few times

Page 4: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Then I learned about syndicates

Page 5: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

How do syndicates work

• Single purpose LLC for each deal

• Syndicate lead invests and explains the deal

• Investors opt-in to each deal

• Investors Docusign

• AL pulls the cash via ACH (wire is optional)

• AL handles tax, compliance, legal

• 0/20 carry is the norm

• Syndicate leads only make money when investors make money

Page 6: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

We operate

• 3 of the top 5 syndicates

• Focused teams in verticals including:SAAS, IOT, Fin Tech, Ad Tech, Ed Tech, Marketplaces and more

• UK, CA and Israel funds

• Indiegogo Hardware fund

Page 7: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Backers

• Get notified oneach deal

• Opt out if you don’t like it

Page 8: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Get emails with all the hot deals

Page 9: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Diversify and get 100 deals with one investment

Page 10: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Why back a syndicate?

• Backers get priority access to the hot deals

• Recent examples:

– Beepi, Series B led by Foundation

– Boost Media Series C led by Battery

– Blockstream seed, led by Reid Hoffman, LinkedinFounder

Page 11: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

The Syndicates creates massive resources

20 Fund Partners

Page 12: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Zach Coelius Michael Jones Rick Marini Kyle York Nathan CreswellAdTech CEO Science, MySpace CEO Branchout CEO DYN CRO, CMO Zuora Product ExecBig Data Company building Virality Sales Mgmt Billing, Product

Jeff Epstein Lou Kerner Renee Diresta Peter Pham Nancy FechnayOracle, Doubleclick Goldman, Social Internet OATV Ventures Photobucket KPCB, TechstarsCFO Fundraising Bus Development BD, Fundraising Seed investing

Nick Sullivan Jeremy Conrad Michael TerpinJim Scheinman Helen BoniskeCTO, VP Eng Lemnos, AirForce Transform Group Tango, Bebo LemnosScaling, Hiring Hardware EngineeringPR, Events Consumeer, Ad sales Hiring, Ops

Full Carry Partners – a wide range of skills

Page 13: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

The Syndicates creates massive resources

20 Fund Partners

100 Volunteer Partners and Scouts

Page 14: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

The Syndicates creates massive resources

20 Fund Partners

100 Volunteer Partners and Scouts

2,000 Engaged Backers

Page 15: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

2,000 backers – only 99 allowed in each deal

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Page 16: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland
Page 17: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Building a

• The goal for this year is to have 50+ Investing Partners with experience in every functional area

• But the bigger opportunity is to turn 2,000+ LP’s into a competitive advantage

• We’ve built a software platform to leverage their connections and followers on

• Our Value-Add platform connects via API to AngelList, creating a network on top of a network

Page 18: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Offer expertise requested by the lead or

startup

Example Features

Page 19: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Micro-Value-Add tasks from thousands of Backers

Page 20: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Leaderboard that lets you earn access to deal flow

Page 21: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Coming soon

@Angelmob.co

Page 22: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

I’m hoping you will join our movement

• Join AngelList and do some investing

• Back our syndicates – get access to deals

• Join our scout program - get carry for bringing us great deals

• If you have pro-rata rights you can’t afford to use them, let us use them and share the carry with you

• Partner with us to launch a syndicate – we now have a business helping you become a VC

• Or just start your own syndicate and join us on the adventure as a fellow explorer in this new industry

Page 23: How to invest small chunks into syndicates by Gil Penchina (Super Angel) at Vator Splash Oakland

Take Flight

Join us at: AngelMob.coStart a dialog: [email protected]