![]() ![]() What is Investor Mosaic and what dimensions does it assess Syndicates on? There is an opportunity to balance and marry the narrative-driven approach to investing in a syndicate with an algorithmic take as well. Calling yourself an angel investor in Facebook when you picked up shares in the secondary markets is a stretch to put it mildly.ĪngelList Syndicates is a big innovation in the private company financing landscape and is one we expect will gain momentum especially as more funds like Maiden Lane come to be. Stage of entry – For angels in particular, their point of entry into a company is critical.Understanding the prowess of an investor requires having a holistic view into their portfolio. Selection bias – Almost all investors (VCs, angels, PE, etc) have a habit of shouting about their successes and burying their dead quietly.Well-known personalities may garner more syndicate dollars, but does popularity translate to investment success? Of course, there may be a wisdom of crowds here so total dollars raised by any one syndicate is useful but not a clear or data-driven way to make the determination. Popularity contest – Without a measure of performance, it has the potential to become a popularity contest. ![]() Unless you are personally familiar with one of the angels behind a syndicate, choosing an AngelList Syndicate to invest in is highly uncertain. The challenge of picking the right syndicate The Syndicates program has gained momentum with several well-known figures in the tech community creating syndicates. Last month, Maiden Lane, a fund that will invest in AngelList Syndicates and deals, launched with over $20M in funding from a variety of investors. ![]() Towards the end of 2013, AngelList announced its syndicates program which allows angel investors to raise committed capital and charge a carry for the performance of each deal that their backers participate in. It has rightfully been described as one of the most impactful innovations to hit the venture capital industry in a long time.
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