Angel Investing Syndicates for FB, Uber, Lyft, Instacart, etc.,
Starting to compile a list of all the alumni syndicate groups on AngelList. So far, have links to the angel syndicates for the companies below. Please free to add any I am missing or just use the list to join these syndicates directly. I think the biggest value is the access to the dealflow coming from people leaving these companies and starting their own. Facebook, Google, Uber, Doordash, Lyft, Instacart, Pinterest, Airbnb List here: https://bit.ly/3EvhpHW (had to shorten bc Blind wouldn't let me post link to sheet) #Facebook #Google #Uber #Doordash #Lyft #Instacart #Pinterest #Airbnb #investing #startups
Can anyone join backed by blue or is it only for aluminus?
Anyone can join the syndicate but they have a community part that is limited to just current or former FB/Meta.
What does the community give you that the syndicate don’t?
Can someone gimme an ELI5 of what this is?
Usually startups require $20k-25k minimum to invest as an angel investor. They do this for efficiency reasons (less legal costs, easier management bc less total investors, cleaner cap table, etc.) With AngelList syndicates, people can pool their capital into a specific investment, usually starting with as little as $1k per investor. This give folks more opportunity to invest in startups without having to invest very much + access deals they may not see otherwise. There are a bunch of syndicates and they each have different dealflow depending on who leads the syndicate and what kind of access they have. In the case of alumni syndicates, it's usually a few alumni from company X who are surfacing deals/startups founded by folks from the same company. So, say you want access to startups being founded by ex-googlers, you can sign up for their syndicate and see these kinds of deals regularly. Should you choose to invest, you can usually do so for as little as $1k. For the startup, it is treated as one investment and streamlined through AngelList. For the syndicate, they usually have a 20% carry (industry standard) where if there is a liquidity event, the syndicate leads get 20% of the returns, and the investors get 80%. More here: https://help.venture.angel.co/hc/en-us/articles/360048157371-What-is-a-syndicate-