Invest with Open Source Syndicate
$203K ($5K)
Typical Investments
6
Expected Deals/Year
168
Unique LPs have invested
Note from Open Source Syndicate

This syndicate invests in both open source, and general software infrastructure deals. These deals can have a tremendous rate of return. Examples of huge open source companies: HortonWorks ($1B IPO), Cloudera, RedHat/JBoss, DataStax, MongoDB, and many more. They typically have recurring revenue and are steady, consistent investments.

The partners of this syndicate have invested in software infrastructure for years. The aggregate valuations from our deals have increased by over one billion dollars, generating an incredible return.

The partners of this syndicate are experts in software infrastructure, and that attracts the best dealflow, since we can truly help these startups. For example:

* Salil Deshpande (advisor) is a Managing Director at Bain Capital Ventures, who focuses specifically on open-source and infrastructure software. Examples include SpringSource, Mulesoft, Redis Labs, Typesafe, ZeroTurnaround, Iron.io, DynaTrace, Hazelcast and many more. He is ranked #24 on the Forbes Midas List (a website that ranks the top investors in the world). Salil also has strong operational experience in the developer space, running TheServerSide.com and The Middleware Company. Note: Salil Deshpande is an advisor to this syndicate and does not receive any carried interest from this syndicate due to his affiliation with Bain Capital Ventures.

* Carl Rydbeck was formerly a VC working for Crosslink Capital. He spent 5+ years specifically focused on developer-oriented and software infrastructure investments (including DataStax, a breakaway success), and has deep domain knowledge of both developer and devops.

* Evan Cheng is both an operator as well as an active angel investor, with a focus on developers and software infrastructure. He has held development leadership positions at Apple and Facebook, and so he has deep domain knowledge. He's made dozens of angel investments and has led other angels into deals via AngelList.

* Ed Roman is both an operator and an investor with a focus on developers. He runs the largest programmer conference in history (hacksummit.org), created the world's largest Java developer community (theserverside.com), created a marketplace for programmers to mentor each other (hackhands.com), and has authored a best-selling programming book on Java. He led the angel round for NodeSource, which is an enterprise Node.js company.

The ideal backers for this syndicate would be those who have value to add in open source, software infrastructure, or enterprise sales, so that we can help our startups succeed. However, all backers will be considered.

You can sever your relationship with this syndicate and stop backing at any time, and not invest in any deal for any reason. Backing gives you a higher chance of an allocation so you don't miss out on deals.

Note: Angel investing is risky. Whenever you make an angel investment, you should always do so with money that you don't need, since most investments fail. You should also assume that exits can take 7-10 years. Please read the Angel Investing Guide we wrote at http://bit.ly/1dlMD6a

Dealflow
The partners of the Open Source Syndicate are involved in other investment activities outside of AngelList. They may not be able to syndicate all deals. There may be conflicts of interest as well.
Team
Ed Roman
Advisor
Managing Director, Hack VC. Entrepreneur, developer, angel. Built several startups with strong exits. I pay-it-forward by helping as much as possible.
Salil Deshpande
Advisor
Managing Director at @Bain Capital Ventures ; Investor in @MuleSoft @SpringSource @Dynatrace @Buddy Media @Lending Club @Datastax @Redis Labs, 20+ more.
Carl Rydbeck
Angel
Product Manager at Coupa. Former VC at Crosslink Capital, consultant at Marakon Associates, and product development at Opsware / Loudcloud. MS EE from Stanford.
Investments
Syndicated
Exit
Acquired in 2017
Private investments may not be included yet.
All deals on AngelList default to private. Learn More »
LPs
Jeremy Levine
Angel
Founder/CEO @DRAFT. Investor in 40+ startups.
David Bill
Advisor
CTO @Freestyle Capital Previously: VP Technology @ExactTarget (IPO, acq by @Salesforce) CTO @Spinner.com (acq by @AOL) Head of Eng @Virta
Raj DasGupta
Entrepreneur
Cloud Computing/SAAS at scale for A&D/Life Sciences Author of The Icarus Prediction 80+ Angel Investments UMBC Alumni Stanford AI Graduate Studies
Armando Biondi
Investor
Cofounder @AdEspresso, acquired by @Hootsuite in Feb 2017. Investor in 75 startups + @AngelList Lead. Guest Contributor, former Radio Speaker, proud #500strong
Stefano Bernardi
Angel
ED @Aragon Angel @Atomico Previously Co-Founded @Mission and Market and @Kickpay (YC W15). Spent time at @500 Startups and @TechCrunch. BSc Computer Eng
Brandon Goldman
Entrepreneur
Previously co-founder at @FreshPay. Worked at @Miso Media, @Box.com.
Rob Ness
VC
Obsessively hunts the world's best startups. 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
Yannick R.
VC
Investor from Europe
Can help with
“Foot into Uk & Europe”
References
Salil is passionate and helpful. Good feedback and a solid network and a nice guy to boot. You can't ask for anything more from an investor.
Aamir Virani
Founder of a company Salil Deshpande invested in
Salil is a great leader, entrepreneur, and investor. A rare mix of technical ability plus business and financial savvy. He's very patient, has high integrity, and is a deep thinker with great instincts. Anyone lucky enough to work with Salil will have their odds of success improved...more
Salil is thoughtful, and he really cares. He's a helpful person to chat with about big picture, and he's also good at exploring the details. An asset to any company he's involved with.
Ed's an awesome investor and advisor. He really digs into the model to understand what he's talking about and draws from his experiences to help entrepreneurs see their business from a different perspective.
Super smart, well-connected, and eager to go above and beyond the call of duty to help startups succeed. Ed is one of my best resources -- if you get the chance to work with him, jump at it!
Exactly the kind of Angel Investor you want: not to pushy, doesn't require a lot of management and time, but always ready to use his experience to help take the company to the next level.
Ed has been very helpful, spent quality time to
Understand our business. He's honest and cares for others to succeed!
SUPER glad to have Ed as our advisor!
Jennifer Rasiah
For Ed Roman's work with Givesurance
Ed provides clear, common-sense feedback on all aspects of the business & product. His network and knowledge of the SF/SV scene is also vast. We're very happy to have him on board...
Derek Skaletsky
For Ed Roman's work with Knowtify.io
Ed is an extremely balanced leader who has strong technical chops, excellent interpersonal communication skills and rock solid growth and customer acquisition behaviors.
Ed spent quality time with me and my team and he cares a lot about our business. He is very smart and helpful. He is always available for a call and whenever we have questions he answers them very quickly. We are very happy to have him helping us grow our business. He has a positive attitude and...more
Ed is a thoughtful, insightful, and extremely helpful investor + advisor. Class act all around. Very happy to have the chance to work with him!
Ed Roman has been a wonderful mentor for Nommery. He's shared insightful advice on building successful teams, accelerating growth, and raising capital. Ed is also a top-notch connector of awesome people. His support is invaluable.
Ed is a very self-aware entrepreneur, engineer, and investor. He was instantly able to grasp the value of our business and articulate what the future looks like for us. From his operational experience, network, and investments he has a wealth of resources. He began helping from day 1.
Ed's syndicate write-ups are the most thorough I've seen, enabling me to quickly invest.
Ed has been a tremendous help in our fund raising. He has been a go-to person for many business decisions for our company. Ed is awesome!
John Wang
For Ed Roman's investment at Dashbase
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Open Source Syndicate is a supervised person of or otherwise affiliated with Epsilon Advisers ERA Series, a series of Epsilon Advisors, LLC, an “Exempt Reporting Adviser” under the Investment Advisers Act of 1940. Important information regarding Epsilon Advisers ERA Series, a series of Epsilon Advisors, LLC, CRD Number 284084, can be found on its Form ADV available here. Open Source Syndicate’s relationship with Epsilon Advisers ERA Series, a series of Epsilon Advisors, LLC may give rise to potential conflicts of interest or conflicting duties, which could materially impact the performance any deals led by this syndicate.