AngelList is a site where you can invest in technology startups and funds. We have a variety of investment products.
Syndicates are single-deal VC funds that let you invest deal-by-deal in specific startups. Syndicate leads are experienced angel investors with track records of successful technology investments.
With one check, AngelList Access Fund participants gain exposure to dozens of high-quality deals with top-tier co-investors including Andreessen Horowitz, Sequoia, and Kleiner Perkins. Learn More
AngelList has a special program for individuals or institutions who plan to invest over $1M on the platform. Contact us directly if you are interested.
Several professional VC funds use AngelList Syndicates as their sole source of dealflow.
Investors on AngelList must be accredited.
Investors self-report their accreditation status during sign up. Access to deal-by-deal investing also requires evidence of sophistication. We expect that investors participating in AngelList Syndicates have made two or more direct investments in technology startups known to the AngelList community.
AngelList reviews investor applications within 3 business days.
A Syndicate is a Special Purpose Vehicle (SPV) created to make a single investment. Syndicate leads are experienced angel investors with track records of successful technology investments. Like general partners at a VC fund, Syndicate leads source investments, conduct due diligence, and secure allocations.
When a Syndicate lead approves your request to join their Syndicate, you gain access to their current and future deal flow and can pick investments on a deal-by-deal basis. Syndicate leads share details on the opportunity with syndicate investors, and investors sign documents online and fund investments via ACH or wire.
The minimum investment size is between $1K and $10K per deal.
Each syndicate investment has a one-time cost of ~$8000, prorated across all investors in the syndicate by their investment amount. For example, if AngelList puts together a syndicate for a $500K investment in a startup, and you put in $50K, you would pay approximately $800 in costs.
These costs are paid to third parties such as state regulatory agencies, payment processors, and accountants. AngelList does not profit from these fees.
Syndicates also charge carry - usually 20% in total. Carry is a cut of positive returns generated by the investment. Example: let's say you invest $1000 in a syndicate with 20% carry. If the investment returns $2000, the syndicate would earn $200 in carry. 20% * ($2000 - $1000).
Funds automatically build you a diverse portfolio of startup investments on AngelList, including private deals hidden from most investors. Investments are chosen by the AngelList team. Invest in a fund for a "set and forget" index-fund style investment.
Funds typically have a minimum investment of $50K.
Once you are approved for investor access on AngelList, you'll have access to an investor account.
Your investor account helps you track and manage your portfolio, provides access to investment & tax documents, and allows you to deposit and withdraw funds.
AngelList prepares of K1s annually for all investors who have made investments online.
All K-1s and other tax information in a single downloadable PDF? Thank you @AngelList.— Rakesh Agrawal (@RakeshAgrawal) March 27, 2015
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These resources can help give you a better understanding of angel investing.