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Danielle Washington & Ciara Imani May (Rebundle), Marcus Whitney (Jumpstart Nova), Chris Bennett (Wonderschool)
In the last three issues, we talked about money goals, investment options, and perspectives on becoming an angel, LP, or VC. And, today, we're going to find out how you can become an angel, LP, or VC fund manager in two steps.
Step 1. Are you accredited?
Determine whether you’re an accredited investor or not. If you are an accredited investor by the SEC definition, you can invest as an angel or LP. You are an accredited investor if you earn $200K, as an individual, or $300K as a couple annually, or if your net worth is more than $1M (not counting the value of your primary home), or if hold a Series 7, Series 65, or Series 82 license. If you create a VC fund, you can invest through the fund regardless of whether or not you are accredited as an individual.
Step 2 for unaccredited peeps:
You can become an angel investor by:
depending on your state, you can invest in startups up to $2K or up to 5% of your annual income via equity crowdfunding. Read details here.
Outside of angel investing, you can also invest in:
traditional investment vehicles such as publicly-traded stocks and ETFs on platforms such as Robinhood, Baraka (port co)
crypto (e.g., Bitcoin, Ethereum, Solana) on platforms such as Coinbase, Gemini, Kraken, Syndicate (port co), Alt (port co)
Step 2 for accredited peeps:
TL;DR. You can become an…
Angel investor by asking founders to let you invest and then writing them a check they accept. Alternatively, you can angel invest in a community through angel groups.
LP investor by asking general partners, these are venture capital fund managers, to let you invest and then writing them a check they accept.
Venture Capital investor by taking a job at a fund or launching your own.
Disclaimer: I share my perspective above and yet I’m not a licensed financial advisor and advise you to do your own due diligence before making money moves.
Abbey Wemimo and Samir Goel raised $130M for Esusu’s Series B. Neha Khera raised $67M for and made Partner at 2048 Ventures. Kathryne Cooper & Marcus Whitney raised $50M for Jumpstart Nova Ventures. Chris Bennett raised $25M for Wonderschool’s Series B. Mac Conwell raised $10M for RareBreed Ventures (port fund). Jeff Bussgang raised $7M for The Graduate Syndicate. Ofo Ezeugwu raised $2.1M for Whose Your Landlord (port co). Ciara Imani May and Danielle Washington raised $1.4M for Rebundle. Farooq Tirmizi and Elphinstone Capital (port co) got into Y Combinator. Alexandra Fine and the Dame Products (port co) team partnered and launched their sexual wellness brand with Sephora.
Sponsored | SVB Startup Banking is a community of former founders, operators, and investors passionate about supporting founders on their path to success. Beyond banking, we work with early-stage founders to help them navigate the challenges of funding and scaling a startup from Day 1. Please reach out to connect with us! We'd love to learn more about what you're building and how we can help. - Rochelle & Vanessa
Contxto | Study up on LATAM’s unicorns in this article by Contxto
The First Close Pod | Listen to Anna Raptis’ episode to learn about a rising LATAM fund
Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders
GP-LP Matching Tool | LPs: get thesis-aligned intros to underrepresented GPs
Sponsored | Founders: I'm working on Pitch's new "Pitch Yourself" campaign, with my deck on "Finding the Perfect Match." Take part by creating your own deck with Pitch's free templates, and follow them here.
Commsor | Read Commsor’s report for community-driven co insights
Pitch | Get tips on what you’ll need to find the perfect investor match
Asking for a founder | Learn about OKR structures you can use at your co
LaaS | Underrepresented founders: get resources made for you
New Voices Foundation | Black women food & bev founders: apply by 2/25 for $10k in grants
Mucker | Founders: apply by 3/4 to Mucker’s Accelerator for $100-175K investment
Visa | Fintech founders: apply to startup competition for up to $100k in prize money
SoGal Foundation | Black female founders: apply for $5-$10K in grants
1863 Ventures | Black founders: apply to get a 3Rs $5K grant
Non-dilutive capital | Create a profile to find non-dilutive capital
Equity Crowdfunding | Raise up to $5 million
Startup-Investor Matching Tool | Founders: get intros to investors
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