Startups and Shit
Hey Look, Software Just Ate VC!

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Remember when Sacca was buying Twitter stock like a boss because the founders preferred him to VCs? There’s now an app for that. 

Recently AngelList quietly started testing Syndicates. Syndicates allow you to raise any amount of money on behalf of a startup and take 20% of the carry

If you’re a hot startup you can now buy advisors without stock. Instead of issuing them advisory shares, just grant them an allocation and let them pimp it on AngelList. You get fewer investors to deal with and more help from people you like.

If you’re awesome at helping startups and/or you’re good at hyping startups publicly, you are now a walking VC fund. Just make a deal to advise the startup, get your allocation, and fill it up. When you help the company succeed you make bank.

If you’re an accredited investor who thinks they can pick ‘em, you can now get access to deals without VC management fees. That saves you ~20% off the top. And since you’re giving up 20% of carry (or more) anyway with a fund, that’s a sweet fucking deal. 

If you’re a VC you should be thinking really hard about AngelList right now. You’re either going to make this shit useful or start losing deal flow. I’d also suggest you start working on your personal brand. It might come in useful.

And did I mention, AngelList takes a cut of the carry? Well played Naval. Well. Fucking. Played.

* Note: Image above from the game Syndicate. If you’re too young to remember this click here.

  1. claus1860 reblogged this from startupljackson
  2. jamescmartinez reblogged this from startupljackson
  3. whatoztaughtthelion reblogged this from startupljackson
  4. benkross reblogged this from startupljackson and added:
    Absolutely Brilliant!!!!
  5. gerardramos reblogged this from startupljackson
  6. gregneuf reblogged this from startupljackson
  7. kano89 reblogged this from startupljackson
  8. sellingforstartups reblogged this from startupljackson
  9. voidnothings reblogged this from startupljackson
  10. nivo0o0 reblogged this from startupljackson
  11. paisleypattern reblogged this from marksbirch
  12. rickwebb reblogged this from startupljackson
  13. caterpillarcowboy reblogged this from marksbirch and added:
    Naval first told me about this back in 2011, since I am the AngelList Scout for NYC. Amazing to see it finally happen....
  14. baradoy reblogged this from marksbirch and added:
    Very integrating change in the fundraising game.
  15. marksbirch reblogged this from startupljackson and added:
    "Remember when Sacca was buying Twitter stock like a boss…now there is an app for that.” To anyone that thought...
  16. fyietc reblogged this from startupljackson and added:
    If you doubt AngelList’s capacity to disrupt VC, this might change your mind. Enter: Syndicates.
  17. dravindran reblogged this from startupljackson
  18. kanyi reblogged this from startupljackson and added:
    Syndicates. Killer.
  19. orchmail reblogged this from startupljackson