Invest with Late Stage Pre-IPO Syndicate
$8M
Syndicate Backing
$400K ($5K)
Typical Investments
4
Deals Last 12 Months
Note from Late Stage Pre-IPO Syndicate

This syndicate invests in later stage (non-angel deals) As a result check sizes can be larger

Unfortunately the syndicate software forces me to pick a "typical investment amount". In reality two things drive my investments, so I will attempt to clarify our co-investment model. I've deployed over $1mm into angelList deals and funds I'm involved in and deal by deal the following drives our investment amount:

1. I try to invest 1-5% of each investment (roughly in line with VC's who will invest 1-2% of their fund's total amount)

2. Sometimes I invest more because I guarantee the founder a certain amount and I make up the difference if the syndicate comes up short.

Anyone considering an investment in A syndicate should understand that these investments represent absolute risk, and there is a meaningful risk that they can lose all their money. There is no guarantee of a "soft landing" or acquisition if things do not go as planned. In addition, there is no guarantee that, even in a successful company, there will be opportunity for liquidity for the shares represented and an investor should be prepared to have their capital committed for seven years, or more without liquidity.

Dealflow

The syndicate and our Fund with both try to invest in late stage deals.

Team
Russell Fradin
founder
CEO of @Dynamic Signal. Founder/Executive at 4 companies: 2 IPO's, 2 Exits.
Matthew Cowan
founder
Co-founder Breezeworks • Worked at @Intel, @Bridgescale
Ethan Beard
founder
Facebook Platform developer relations. Google biz dev. Advisor/Angel to great entrepreneurs.
Karl Jacob
founder
@Hangtime @Coveroo @Cloudmark @Ingenio @Wallop and DimensionX $500+ million in exits to msft, at&t, etc Early advisor @Facebook Negotiated 22 term sheets
David Weisburd
founder
Managing Director @ Growth Technology Partners. Founder @RoomHunt. Dartmouth MBA.
Investments
Syndicated
Syndicated
Syndicated
Private investments may not be included yet.
All deals on AngelList default to private. Learn More »
Backers
Daniel R. Odio
Entrepreneur
CEO at @Armory: Trust Your Deployments. Founder + exits @Socialize, @AppMakr, @PointAbout • Worked at @ShareThis, @GE
David Hauser
Scout
Founder of @Grasshopper acquired by @Citrix Systems. Founder of @Chargify. Founder of @Return Path. Angel Investor.
Sundeep Ahuja
Angel
28 Syndicates incl @Mosaic @Good Eggs; CoFndr @Richrelevance; helped launch @Kiva; Investor @Goodreads @Counsyl; Advisor @Indiegogo @HOOKED; BS CS Stanford
Talmadge O'Neill
Angel
Serial entrepreneur and angel investor. Co-founded Juvo+, Juvo Capital, MeziMedia.
Matt D
Angel
Founder: iMega $8M EBIT 3yrs Adtech. TheMindfulnessSummit.com $1M in 1mnth. @Growth Angels helping great teams grow. Online Growth Expert. Systems & Bio Hacker
Can help with
“Serial founder for past 15 yrs, 8 figure exit & Australia's first "Growth Hacker". I think a lot about all facets of startup growth and...more
Fred Tanada
Angel
@flight-ventures • @Crimson Growth Partners.  • d.school @Stanford. Wall Street. YC Startup School. Singularity U @NASA  • Working on Self-Driving Vehicles
Can help with
“Background in finance, worked at Wall Street, experience in data analysis and financial modeling.”
Wiktor Schmidt
Entrepreneur
Founder and CEO of @Netguru - web and mobile software development consulting company.
Adam Schwartz
Angel
Founder/CEO @Articulate
References
When the chips were down I only thought I had two options, close the company or sell it. Gil encouraged me to choose a third option "aim for the moon". We did and the result is a profitable growing company on the way to success
Karl Jacob
Founder of a company Gil Penchina @ IDG Ventures invested in
Gil taught me the meaning of RELENTLESS URGENCY. And that's something use every single day. Thank you Gil!!
Adam Rifkin
Founder of a company Gil Penchina @ IDG Ventures advised
Gil -> Helpful. Open. Smart. Direct. Transparent. Engaging. No BS. Responsive...just great.
Maneesh Arora
Founder of a company Gil Penchina @ IDG Ventures invested in
Gil is the single most entrepreneur friendly investor I have ever met.
Jesse Robbins
Co-investor in a company Gil Penchina @ IDG Ventures invested in
What more can one say about the $25 billion man that already hasn't been said? His syndicate is the largest on AngelList, he's one of the most prominent and successful angel investors in the world - and he's just getting started now that he's plowing into the most promising 20...more
Amazing guy. Amazing investor. Super-connected and helpful. No bullshit.
Gil is one of the smartest and most connected guys in Silicon Valley. He truly cares about the entrepreneurs that he backs. He gets involved and provides real help to the companies, beyond the money. 
Gil is one of the most honest, trustworthy and truthful person I have ever met in my life. He is by far one in a billion in my book and on super smart angels who envision where the industry is heading and he has been right nearly every time though with risk included to recommend participation in...more
Co-investing and working with Gil on UXPin was amazing. Speed, great advise, an amazing network. He encourages, inspires, connects or shouts whatever is most needed. Gil is an awesome investor and advisor.
Gil is super helpful and friendly
Gil Penchina is regarded as one of the top Angels on AngelList for his many syndicates and his success on the platform
Serial entrepreneur
Amazing angel
General Badass
Gil Penchina @ IDG Ventures
For Russell Fradin's work at Late Stage Pre-IPO Syndicate
What Gil said is true. Russ is the man.
Ethan is one of my favourite investors.. An amazing guy - so pleased to have him in our business!
Richard D. Titus
For Ethan Beard's investment at Prompt.ly
Amazing network from Facebook
Tremendous product skills
And genuinely wonderful person to boot
Gil Penchina @ IDG Ventures
For Ethan Beard's work at Late Stage Pre-IPO Syndicate
Ethan is smart, helpful and a great investor to have. He has a great passion for startups and is awesome to work with on everything from product to strategy.
Shawn is incredibly responsive and a great partner to have. We're excited for what will come as a result of the relationship.
Ry Walker
For Shawn Merani @ Flight.vc's work at Midwest Technology by Flight.vc
Partner at Flight Ventures
Gil Penchina @ IDG Ventures
For Shawn Merani @ Flight.vc's work at Education Technology by Flight.vc
Shawn works with Gil Penchina who is co-founder of Crux Ventures Angelist syndicate.
Daniel Hoffer
For Shawn Merani @ Flight.vc's work at Crux Ventures
Outstanding advisor/angel. Helpful, supportive, provides great feedback and has an excellent network. Extremely lucky to have him on board.
Mehul Trivedi
Founder of a company Karl Jacob invested in
Advisors and investors tend to over promise and under deliver, but not Karl Jacob.
Justin Yoshimura
Co-investor in a company Karl Jacob invested in
Karl has a crazy amount of experience as a serial entrepreneur. He's been through it all and can provide context behind any hard decision you might be facing.
Dan Martell
Founder of a company Karl Jacob advised
Deep digital experience, confident and respected. Karl has great perspective with natural business intuition. Highly recommended as a board member, advisor, and investor.
Karl is fantastic. He committed to our seed round in the first meeting and kept supporting us through multiple raises, a pivot, and ultimately through to our acquisition. He gets it and I can't wait to work with him again!
Karl was my first business mentor who from whom I learned focus and brutal prioritization.

Thank you Karl for teaching me rule #1 of how to fish.
Ben Katz
Co-founder of a company Karl Jacob founded
Karl is fantastic - if you ever get the chance to work with him, I highly recommend doing so. He's sharp, decisive and an all-around great guy!
We wouldn't be anywhere near where we are without Karl. He was one of our first investors and has stuck by our side through it all. During the highs and lows of building our company, Karl stepped up and kept the faith when most investors would have given up and now our company is stronger...more
Karl was one of our first investors and has consistently been supportive, helpful, and honest through all the ups and downs of building a startup. He's been in the trenches himself, multiple times, so he knows what it's like as a Founder so we couldn't have asked for a better investor.
David is an extremely bright and motivated individual who possesses a broad array of business skills. His strongest assets are his ability to solve new and complex problems with simple, often elegant solutions, and his ability to lead others. I really enjoyed working with him at TicketCelebration...more
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