Spend some time on LinkedIn and Angellist.
The Syndicator then works to collect the capital via Angellist, which takes a couple of weeks.
As a reference point, Angellist puts the average valuation of deals done on their
platform at $4.2 million.
Enhance your presence on Angellist because it's become the single best place to hire developers
and designers in the Valley.
Investors have been talking this past week about Angellist Syndicates and its nuances and potential implications,
but mostly as it all relates to investing.
If picking a co-founder holds as much weight as Naval, CEO and himself a co-founder of the platform Angellist, says it does, then why rush?
In the few years since launching, ProductHunt has grown into a community of hundreds of thousands of monthly users and
recently sold to Angellist for $20 million.
While having a Syndicator can greatly reduce the amount of effort involved in raising on Angellist, it's a partnership,
which is why finding a Syndicator you want to work with is so important.
One answer that caught my attention that goes deep into the midst of life, death and our significance is from, Naval Ravikant,
CEO & Founder of Angellist and his podcast interview with Tim Ferris(link here).
You will also decide together whether you want to go broad or
start with a targeted group of investors which you can reach out to via Angellist if they follow you or your Syndicator, or via email.
Having run two of the first six Syndicates on Angellist- successfully generating over $800K in reservations
and oversubscribing both in under 24 hours- I have inbounded a lot of calls and emails from entrepreneurs asking how Angellist Syndicates impacts them.