Dear Friends,
I am excited to share SuperAngel.Fund’s Q4 2021 Recap.
During the quarter we made 16 investments with a median check size of $50k and post-money valuation of $15m.
Since the start of the year, the fund has deployed $2.9m across 55 investments. Based on 13 follow-on rounds/markups so far, the current value of these investments is approximately $3.6m, with additional upside ahead.
Our investments this quarter were spread across Consumer/CPG (2), eCommerce Infrastructure (9) & PropTech/Future of Work (5).
There were also a number of standout events in my angel portfolio this quarter (investments I made prior to launching the fund).
The first was that Swag.com announced its sale to CustomInk. The company was founded in 2016 by my friends Jeremy Parker and Joshua Orbach. Jeremy was my college roommate - I was fortunate to support them early and feel exceptionally proud of their accomplishments: leading the business from $0 to $30m in sales, and achieving this acquisition milestone.
The second was Density’s Series D announcement valuing the company at $1.05B 🦄. For this I owe a special thank you to the legendary Jason Calacanis for accepting me into his syndicate, where I participated in several SPVs into the company starting in 2018.
Recent data from the National Bureau of Economic Research shows that half of all VC fund managers outperform the public markets, with fund managers who outperformed in the past more likely to outperform in the future. While I am pleased with my early angel investments, I expect to continue finding exceptional entrepreneurs to support with capital, resources and connections via my fund, and deliver LPs outsized returns.
You can review my overall performance summary on page 4 of my deck here.
SuperAngel.Fund has a strong pipeline for new investments and will continue to monitor follow-on opportunities into existing portfolio companies that show breakout success/growth metrics.
In addition, our network continues to expand, along with the fund’s positive reputation for supporting founders - this leads to more quality deal flow, both from founders directly and referrals from other investors and institutionally backed venture funds, whom we often co-invest with. If you ever come across founders looking to raise capital within our areas of focus I appreciate you sharing those opportunities with me.
The top performers deliver 3-4x over a 5-10 year hold period (approx 20-30% IRR), and as such, that is the benchmark we aim to exceed.
Visit SuperAngel.Fund to read investor FAQs and apply to invest with me.
P.S. I plan on doing more syndicate offerings in 2022. If you are not yet a member of my syndicate, I invite you to register at SuperAngelSyndicate.com. There is no commitment involved and members get notified whenever I have a new investment opportunity to share. Fund LPs will receive priority allocations.
Feel free to reach me via email with any questions, to share deal flow opportunities, or to get in touch.
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Super Angel Definition: A group of serial investors in early stage ventures who are particularly sophisticated, insightful, or well connected in the startup business community.
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