AngelList recently launched a feature called Syndicates. A syndicate allows any angel investor to get in on deals made by more high profile investors. For example, Kevin Rose is probably more likely than (the hypothetical moneyed) me to be an angel investor in the next Facebook. He lives in the Valley, he’s connected, he’s already in on the deals. I live in London and I’m not. But if I sign up for AngelList and join his syndicate, he can source the deals for me. It’s a win-win situation. I’m in on the deals and he can make bigger investments.
AngelList syndicates represent an exciting opportunity to change how new businesses are funded. And as it turns out, the biggest syndicates are connected through the angels that invest in them, as the picture above shows.
The circles with a profile picture are syndicates that are backed with more than $100k. The size of each circle represents the amount of money they are backed with. The lines indicate someone backing someone else. On the edges of the graph are angels who only back one of the top 10 syndicates. As we get closer to the centre, you find investors who invest in most of the high profile syndicates.
By the way: If you’re interested, feel free to follow Five Hundred Plus on AngelList.
Note: These nubers are from last Monday, when I scraped the data. Since then, Kevin Rose has raised even more money and the Brad Feld syndicate is now the Foundry Group syndicate.