Announcing CSC Upshot, AngelList SPVs and Jobs for iOS.

1. AngelList

2. Oct 12 7am Pacific Time
E M B A R G O E D U N T I L

3. AngelList is the
world's largest marketplace for
and jobsstartup investing

4. startup investing

5. $205M raised online in 2 years
$13M
$27M
$40M
Q3 2013 Q1 2014 Q3 2014 Q1 2015 Q3 2015

6. Metrics
Raised online
In last 2 years
$205M
Active syndicates
In last 12 months
165
Startups funded 650
Investors 4,400

7. Why this works: Syndicates
Syndicates are pop-up, online, venture funds
LPs invest one deal
at a time
LPs can opt out of
any deal
Online closing and
tracking
Designed for scale:
165 syndicates
pop-up online venture funds
Deals by experienced
angels & VCs
Often founders, close
to startup community
Leads earn carry—
no mgmt fees
LPs are individuals
or institutions

8. $175k allocation
PATIENTS KNOW BESTElad Gil
$25k
$150k
Elad
syndicate
Close in 5 days
15% carry to Elad
5% carry to AngelList
No management fees
38 investors
$150k
BACKED BY
How syndicates work

9. Syndicates vs Traditional VC
No 10-year lockup
v
Hire and fire partners anytime
No management fees—syndicates invest 97% of capital
Invest in the partner, not the firm
Skin in the game—leads provide 16% of capital
Fast online pro ratas
Online closing and tracking

10. 165 active syndicates
Elad Gil Foundry Group Dave Morin
Zynga, Sendgrid,
Pantheon, Chute,
VigLink, about.me
Path
Former VP Twitter, Google
INVESTOR
Airbnb, Square, Pinterest
FOUNDER
Color Genomics, Mixer Labs
TEAM
INVESTOR INVESTOR
Nest, Dropbox, Slack
FOUNDER
TEAM
Facebook Platform & ConnectFG Angels
SYNDICATE

11. 165 active syndicates
Paige Craig Scott & Cyan Banister Tom Fallows
Uber, Zappos, Thumbtack Wanelo, SpoonRocketLyft, Twitter, Postmates
INVESTOR
FOUNDING PARTNER
TEAM
Arena Ventures
Paypal, Postmates
INVESTOR
BOARD MEMBER
Head of Uber Global Expansion
Mercantila, Google Express
INVESTOR
FOUNDER
TEAM
US Marine Corps
Ironport, Topsy
FOUNDER

12. 4,400 syndicate investors—many founders
Joshua Schachter
Founder of del.icio.us
Steve Case
Co-founder of AOL
Othman Laraki
Co-founder of Mixer Labs
Stephan Paternot
Co-founder of theglobe.com
Jared Kopf
Founder of AdRoll
Ben Davenport
Co-founder of Beluga

13. 650 startups funded
Tim Ferriss
SYNDICATED BY
$748K
RAISED ONLINE
$150K
RAISED ONLINE
Rick Marini
SYNDICATED BY
$500K
RAISED ONLINE

14. 650 startups funded
Naval Ravikant
SYNDICATED BY
$779K
RAISED ONLINE
$163K
RAISED ONLINE
Jenny Rooke
SYNDICATED BY
$615K
RAISED ONLINE

15. Follow-on rounds from top VCs
$141K
$65M
FOLLOW-ONS
Bessemer
RAISED ONLINE
INCLUDING
$748K
$60M
FOLLOW-ONS
Kleiner Perkins
RAISED ONLINE
INCLUDING
$150K
$57M
FOLLOW-ONS
Accel Partners
RAISED ONLINE
INCLUDING

16. Follow-on rounds from top VCs
$163K
$31M
FOLLOW-ONS
Bessemer
RAISED ONLINE
INCLUDING
$225K
$30M
FOLLOW-ONS
Kleiner Perkins
RAISED ONLINE
INCLUDING
$500K
$20M
FOLLOW-ONS
Redpoint
RAISED ONLINE
INCLUDING

17. Honk syndicate closed in like 30
mins–simply amazing.
Paige Craig
@paigecraig
Syndicate leads love it
· Mar 2015

18. Syndicate leads love it
I credit @AngelList for giving me the
platform from being an angel to a
fund overnight that has brand and
reputation. Firms are noticing.
Sumon Sadhu
@sharpshoot · Feb 2015

19. @tferriss' syndicate is a built-in
network of advocates, acting like a
megaphone on our behalf.
Shyp
@shyp · Dec 2014
Founders love it

20. The @AngelList investment process is
so easy. Investing in startups literally
feels like placing an order on Amazon.
Jeff Morris Jr.
@jmj · Apr 2015
Investors love it

21. Can you love a company? @AngelList
just let me make a pro-rata
investment in a deal in the same 45
seconds as initial. Seriously awesome!
John Danner
@jwdanner · Feb 2015
Investors love it

22. Funds complement individual investors
$25M
MAIDEN LANE
INDIVIDUAL
INVESTORS
$13M
SELECT FUNDS
$5M
ACCOMPLICE BOSS

23. Larger investments
Faster closings
Guaranteed capital for good deals
Funds new syndicates
Funds complement individual investors

24. A N N O U N C E M E N T S

25. $ 4 0 0 M S E E D F U N D

26. $400M seed fund
Invests in the top syndicates
Based in U.S. & independent of AngelList
Largest seed fund ever
Activates new syndicates

27. Veronica Wu
E D U C A T I O N Yale, B.S. Applied Math
Berkeley, Ph.D. Industrial Engineering and
Operations Research
Huoy-Ming Yeh
E X P E R I E N C E Managing Director, Education and Enterprise,
Greater China, Apple
Vice-President, China, Tesla
E D U C A T I O N Wellesley, B.A. Physics
USC, Masters Electrical Engineering
MIT MBA
E X P E R I E N C E Technical Staff, Sun
Co-Founder, PacRim Venture Partners
Managing Director, SVB Venture Capital, Asia
Engineers with long careers in technology and venture capital

28. China Science and Merchants Capital is fund’s largest LP
Founded in 2000
Top 3 PE firm in China with $12B under management
Investing areas include information technology,
new materials and clean energy

29. Mr. Shan Xiangshuang
Founder, Chairman and CEO
Co-Chairman of the China Venture
Capital Association
Widely regarded as a pioneer in
Chinese venture capital

30. N E W F O R E A R LY- S T A G E I N V E S T I N G
N E W F O R L A T E - S T A G E I N V E S T I N G
AngelList SPVs

31. AngelList SPVs
Allows early-stage investors to raise capital for late-stage investments
For VC firms and angels with pro ratas & special opportunities
Capital comes from their existing limited partners and relationships
Completely private
All online · Uses AngelList back office
SPVs can request additional capital from funds like CSC Upshot

32. AngelList SPVs
* Names used with permission
4 DEALS IN 2015 4 DEALS IN 2015
$35M
RAISED TO DATE
11 DEALS IN 2015
5ANGELS

33. AngelList SPVs: Costs
No cost to VCs and angels
No cost to startups
LPs pay carry to VC or angel
LPs pay no carry to AngelList
LPs pay ~ $10K out-of-pocket costs
AngelList earns carry if SPV requests capital from funds like CSC Upshot

34. AngelList is the
world's largest marketplace for
investing andstartup jobs

35. startup jobs

36. Metrics
Active candidates
Last 30 days · Over half are engineers, designers or product managers
49,000
Active companies
Last 60 days
8,100
Matches per month 52,000
New candidates per month 41,600

37. 52,000 matches per month
5K
10K
15K
20K
25K
30K
35K
Mar 2012 Feb 2013 Jan 2014 Dec 2014 Sep 2015
United States
India
Rest of world

38. Why it’s working
Simple, Tinder-style matching
See salary and equity information upfront
No recruiters—candidates are connected directly to startups
Apply to thousands of jobs with one profile
Apply privately—your boss won’t know
Free · Fun

39. Over 7,000 companies recruiting
Twitch
Tinder
Asana
Greylock Partners
Yelp
Instacart
Shyp
Coinbase
Sequoia Capital
Uber

40. Candidates love it
I want to give a huge shoutout to
@AngelList during this job search.
Best site I've ever used, hands down.
David Turkell
@DavidTurkell · Jun 2015

41. Candidates love it
I wish every company would use
@AngelList for recruitment. Much
more convenient.
Michael Xander
@michaxndr · Jul 2015

42. Startups love it
Applicants on @AngelList are ~10x better
than @LinkedIn so far on average.
And the cost? AngelList = Free.
LinkedIn = $300+
Eric Jorgenson
@EricJorgenson · Jul 2015

43. Startups love it
If you are a tech company not
recruiting talent on @Angellist,
you're doing it wrong.
Daniel Pearson
@DanielPearson · Jun 2015

44. A N N O U N C I N G

45. Jobs app for iOS

46. Jobs app for iOS
Universal iPhone and iPad app
In-app chat for companies and candidates
Group chat for company teams
Filters for location, role, full-time
Undo if you swipe right by accident :)

47. Thank you