general solicitation

Syndicate Funding on AngelList – A Company’s Perspective

A few months ago AngelList announced¬†Syndicates¬†– enabling investors on AngelList to create fund-like groups of investors to invest together in AngelList companies¬†(following a single lead investor). It’s a great idea and at Foundry we quickly decided it would be an interesting experiment to form our own syndicate. We were the first formal venture fund to do this. Since then we’ve completed about 10 deals (I say “about” because we have a few things in various stages of completion as I write this – the intent of FG Angels is to make 50 AngelList investments – about 1 per week). We often get asked how the process works and while what’s below has specifics about working with FG Angels it also…