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Invest with New Stack Ventures
$869K
Syndicate Backing
$120K ($10K)
Typical Investments
3
Deals Last 12 Months
Note from New Stack Ventures

High Level:

We invest in founders and products that are positioned to fundamentally change existing markets or create new markets. We typically invest very early at the seed or pre-seed stage. Our aim is to connect to and support founders and future founders before any capital has been raised.

The process of building and growing startups has changed significantly in the past decade. This new wave of innovation has resulted in companies going from idea to $1B+ companies in a matter of years. The way that companies are funded must also evolve with the demands required by modern entrepreneurs. New Stack Ventures was founded on the principle that both the "Startup Stack" and the "Funding Stack" has and will continue to evolve. The barriers to attain funding are coming down and we plan to build a community that can leverage this opportunity to create maximum value for entrepreneurs and investors.

Deal Flow:

We believe that unique, very early-stage, high-quality and high-volume deal-flow is necessary for success in venture. Nick has created and grown a listening audience of over 20k for his podcast, The Full Ratchet. The goal of the program is to interview VCs and super-angels on the fundraising process and keys to startup success. In the past year, Nick has found that the entrepreneurs interested in educating themselves on fundraising are often ahead of their peers. This has lead to a proprietary channel for deal-flow, in the form of high-quality and high-volume connections from the listening audience.

Team & Background:

We believe that we are stronger as a team than acting alone. We welcome investor questions and feedback, and want to build a community that helps our portfolio companies succeed.

- (Nick) I most recently worked for Danaher, a $50B+ market cap global conglomerate, in Product Management, Development, Breakthrough Innovation, M&A, and Market Strategy. This experience provided an opportunity to evaluate private companies from a large strategic acquirers' point of view. I also raised capital internally for organic innovation to fund the most disruptive innovation program in their history. I don't simply "like" or "dislike" a company as many investors do. I am committed to using a process of investment filters and criteria which identifies key sources of downside-risk. In the recent past, I have been working to educate myself on the best practices in startup investing. Through interviews with VCs and super-Angels at fullratchet.net I have learned a tremendous amount and have been fortunate to build some great relationships in the process. With a focus on exceptional founders, strong risk-reward profile and continuous improvement of the methodology, my aim is to spend time, effort and capital with the highest potential startups.

- (Jeff) I've worked 15+ yrs in the finance/options industry at Chicago Trading Company, as a Trader, Quant (primarily), and now Technology Risk Manager. My experience set is deeply-rooted in an appreciation for technology, risk management, and quantitative modeling which I aim to apply to angel investing wherever possible. The last 2+ years has included a deep dive into the world of angel investing as I have made 50+ startup investments and accelerated the learning-curve through deal experience. My 1st offline angel investment was in very early stage pre-revenue Popular Pays which 5 months later was admitted to Y-Combinator (Winter 2015) and subsequently raised $1.5MM+ w/ significant $ARR and strong upward trajectory. These investments, combined w/ tremendous interest in the future-state of technology, markets, and human behavior has led me to pursue a more modern approach toward angel investing via Syndicates, which can better leverage my experience-set to get great entrepreneurs the funding they need.

Investment Criteria:

We aim to systematically evaluate companies for their Team, Traction, Market Size, and Idea in that order. We are early stage investors and look to strike a balance between traction and a favorable valuation.

Disclosures:

While Jeff works at CTC, none of these investments are endorsed by or associated with CTC in any way whatsoever.

Understand that startup investing is incredibly risky, illiquid, and highly cyclical. You should never allocate more than 2-3% of your assets to this space and you should only invest what you are willing to lose in its entirety. In the best of circumstances, it is likely that the returns will resemble a power law distribution... meaning 1 deal in a portfolio of 30+ may have more $ gains than every other company combined. With this in mind, we observe that the best angels make small bets in a large number of startups rather than a large bet on 1 or 2. Liquidity for even the best investments may be 10+ years out or in some cases never.

Dealflow

We will syndicate all direct investments where the founders are willing to give us a significant allocation ($100k+). We will periodically invest separately via angel groups or online platforms.

Jeff has developed a broad knowledge of startups due to his extensive research and has a knack for industry trends. As an investor, he's one of the most active ones we have; his intros have provided us with hundreds of thousands of incremental investor dollars as well as solid brand...more
Nick is a RAPIDLY rising star in the startup investing landscape. He's a true multi-threat player: active angel investor with an impressively deep network in Chicago's venture ecosystem; creator/host of the best-in-class venture investing podcast, Full Ratchet; curator of a weekly tech...more
Team
Jeff Heitzman
founder
Managing Partner @ CTC Ventures, Syndicate Co-Lead @New Stack Ventures, Investor @Tovala @Popular Pays @Scope AR @Embark @Regroup Therapy @Cybrary @Jiobit
Nick Moran
founder
GP @NewStackVentures Founder @TheFullRatchet @VentureWeekly @MoranCapitalPartners #IoT #Hardware Swim coach, beer geek, tech nerd
Investments
Private investments may not be included yet.
All deals on AngelList default to private. Learn More »
Backers
Jason Calacanis
Angel
Investor in 150 startups, including Uber.com & Thumbtack (first rounds). www.jasonssyndicate.com www.calacanis.com www.launch.co www.launchangelsummit.com
Mahendra Ramsinghani
Investor
Chief Steward@SecureOctane Cybersecurity Seed Fund.
David Wieland
Angel
Chairman/Founder @IrishAngels 60+investments @Techstars @Change.org @Influitive @HomeChef 4x Founder w/ exits.
Ron Mahabir
Angel
Angel in 70+ companies. Former CEO: @Greenlots @Walz Group (acquired by @Lenderlive Network) @Colony Capital Japan
Can help with
“Based in Japan and Singapore for most of the last 15 years. Significant experience in investing in early-stage and private equity in Asia. Can help with...more
Joseph Kelley
Co-founder of Squaregles. Ex-partner and desk head at Citadel.
Rob Ness
Angel Investor
Obsessively hunts the fastest-growth startups. Moonlighting as strategist @Capgemini. Served time @Harvard, @Berkeley.
Can help with
“I'm very plugged into the rapidly growing tech scene here in Washington DC, and am proactive about promoting the products of my portfolio companies...more
Mike Hostetler
Entrepreneur
Seasoned Entrepreneur & Technologist. Director of Front-End Engineering at Raise Marketplace, Passionate about #RemoteWork, #OSS, Sold @appendTo , 2015
References
Nick is a RAPIDLY rising star in the startup investing landscape. He's a true multi-threat player: active angel investor with an impressively deep network in Chicago's venture ecosystem; creator/host of the best-in-class venture investing podcast, Full Ratchet; curator of a weekly tech...more
Nick hosts a captivating & content rich podcast called "The Full Ratchet" where he interviews the Venture Capital and Angel Investing experts on how to be successful investing in early-stage companies. If you haven't heard it, check it out as it speaks for itself.

It was...more
Jeff Heitzman
For Nick Moran's work at New Stack Ventures
Jeff is the most engaged startup investor that I have encountered. There are few more committed to early-stage investing. His knowledge of technology and sector trends is deep and robust. I've learned a great deal from discussing industry drivers, investment theses and specific deals with...more
Jeff has developed a broad knowledge of startups due to his extensive research and has a knack for industry trends. As an investor, he's one of the most active ones we have; his intros have provided us with hundreds of thousands of incremental investor dollars as well as solid brand...more
Jeff combines an incisive analytical ability with prescient market sense to identify and evaluate exciting investment opportunities. His investment knowledge and skills draw considerably from his success as a practitioner in options trading, his expertise in electronic market making, as well as...more
I absolutely appreciate having Jeff as an investor in Cybrary! Besides having an outstanding network, Jeff is an excellent resource. He will go out of his way to help the founder in any way possible, and he makes excellent recommendations without being overbearing. He has an ability to see what...more
Nick is a fantastic investor, mentor and adviser to Cybrary. Nick is exceptionally analytical and he brings a wide reaching, and powerful network. Given the expertise that Nick surrounds himself with in the field, he has become an invaluable resource to our company. Any question we ask, receives...more
Nick Moran is a highly analytical and process-driven investor who has deep expertise in M&A, product development, strategy, and angel investing. I first encountered Nick as an avid listener of his highly-rated podcast, “The Full Ratchet”, in which Nick interviews leading VCs and Angels, and...more
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