AngelList recently launched a new feature called syndicates. In simple terms, it allows investors to get behind other investors and invest together as a group (termed a syndicate). The investor who facilitated the deal takes a carry of 15% (interest over a positive return – such as an exit or IPO) – not unlike VCs. In fact, this structure effectively turns angels into fund managers.
Many investors already chimed in, such as Jason Calacanis (The great venture capital rotation), as a syndicate “leader”, and Hunter Walk (Angel vs. Angel), Fred Wilson (Leading vs. Following) and Mark Suster (Is it a big deal?) as VCs. But what does it mean for startup founders?
Continue reading Founder’s perspective on AngelList syndicates