Angel

also referred to as: #angels · angels

10 statements across 10 episodes · 2 bullish · 4 bearish · 10 people on the record · first statement Mar 30, 2015 by Tom Britton · said 27 times in 6 episodes since 2017 · across every show →

Mentions by year

brought up most by Harry Stebbings (16), Katie Stanton (7), Jeremy Liew (2), Sarah Smith (1), Brianne Kimmel (1)

tap a year for its mentions
00821542017201820192020episodesmentions
0242017201820192020episodes it came up in
007.521542017201820192020episodesmentions per episode
2020 11 mentions in 1 episode
2019 14 mentions in 4 episodes 4 per episode
2017 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Angel, oldest first

Mar 30, 2015 positive
Assertion Supported
NESTA recommends angel investors spend 20 hours on due diligence per deal
“They recommend that Angel should really look at something for about 20 hours before investing.”
Tom Britton Mar 30, 2015 ▶ 9:24 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Jun 27, 2016 negative
Insight
Cohen: Concentrated angel portfolios statistically fail
“You have to have enough portfolio diversification to where, you know, if you're concentrated in just a few companies as an angel, I mean, the stats are pretty clear. You're going to lose.”
David Cohen Jun 27, 2016 ▶ 9:00 20VC: Techstars Founder, David Cohen on Scaling Techstars Ventures and Investing In Uber, Twilio and Sendgrid
Nov 14, 2016 neutral
Insight
Founders Only Fight for Angels Who Provide Value Beyond Capital
“But the entrepreneur has to go to bat for you. Which means you have to add value along the way. You can't just write a small check and go away and expect that the entrepreneur is going to go to bat with you with a new investor.”
Rick Marini Nov 14, 2016 ▶ 20:05 20VC: Rick Marini on Lessons Leant From Naval Ravikant, Why You Need To Make 30 Investments Before You Know What You Are Doing & Why You Have To Earn The Right To Good Dealflow
Jul 21, 2017
Insight
Jenna Brown: Angels and micro VCs make independent seed decisions
“For us, it was about finding the people who are actually willing to make that decision by themselves. And typically, I'd say that's angels and a subset of micro VCs.”
Jenna Brown Jul 21, 2017 ▶ 9:53 20VC: The 2 Types of Sexism & How They Play Out In Tech, Why You Should Not Always Get Customers To Pay For Your Product Immediately & Why You Must Ask Operator VCs Different Questions To Non-Operator VCs with Jenna Brown, Founder & CEO, Shipamax
Jul 17, 2018 negative
Assertion Not checkable as stated
Gil: Angel Investors Are Quitting Due to Lack of Exit Liquidity
“I know a few angels have dropped out entirely because they just ran out of money to keep investing, and ultimately it removes the ability to really measure what's working.”
Elad Gil Jul 17, 2018 ▶ 25:37 20VC: Elad Gil's High Growth Handbook on The Commonalities of The Truly Great CEOs, How To Hire The Very Best Execs, Why Cash is A Defensible Moat Today & The Pros and Cons of M&A and IPOs
Nov 19, 2018 bullish
Insight
Jeff Morris Jr.: Angels cannot afford to be overly price sensitive
“I think for an angel looking at companies, you can't be too price sensitive because really the opportunities are fewer and harder to find. So when I see a dealer company that I love, I'm normally not as price sensitive just because I want to get in business wi…”
Jeff Morris Jr. Nov 19, 2018 ▶ 27:59 20VC: Investing Lessons From Observing Doug Leone and Bill Gurley, Why It Is Easier To Be Contrarian As A VC Than As An Angel & What It Takes To Run Tinder's Product and Revenue Alongside A Seed Fund with Jeff Morris Jr, Founder @ Chapter One
Sep 2, 2019 neutral
Disclosure
Messerschmidt: #Angels syndicate has invested in over 100 startups
“And now, nearly five years later, we've invested in more than a hundred companies as a group, and those companies include Bird, Cameo, Gusto, Carta, Airtable, Lambda School, Carrot Fertility, Modern Fertility, Vector Space, and countless more.”
Jana Messerschmidt Sep 2, 2019 ▶ 7:04 20VC: How Founders Can Gain Leverage in Fundraising Negotiations, The Metrics You Need To Raise Your Series A in Consumer & What We Have To Change About Cap Table Construction with Jana Messerschmidt, Partner @ Lightspeed Venture Partners
Dec 21, 2022
Insight
Stebbings: Give larger check allocations to fewer angels to maintain engagement
“A massive mistake I see often, is founders who try to cram down all their angels to their smallest allocation so they can fit in as many as possible. Do not do this. Give less people More allocation. It's really important that the check size that you give them…”
Harry Stebbings Dec 21, 2022 ▶ 22:34 20VC Special: How To Fundraise Like a Pro: How to Size and Price a Round, How to Create FOMO and Urgency in a Fundraise, How to Structure Angel Allocations, The 7 Deadly Sins of Fundraising Decks, The 3 Signs a Potential Investor is Bad News
Mar 17, 2023 negative
Insight
Brown: Founders prefer individual angel checks over pooled scout funds
“What founders wanted was a 10 K check from one angel and a 10 K check from another angel. They didn't want to group at two 50. So it just didn't work for the market.”
Ophelia Brown Mar 17, 2023 ▶ 24:02 Ophelia Brown: How We Raised $432M in a Pandemic; What's New in European Venture Capital | E990 · 20VC with Harry Stebbings
Aug 7, 2026 negative
Insight
Frankel: Angel networks can increasingly bypass traditional venture firms
“It may just be in, like, angels putting money all over the place, and some of those angels are going to know people that worked with them or for them, and they're going to, you know, I think you can bypass traditional venture to a great extent, and that's the …”
David Frankel Aug 7, 2026 ▶ 1:06:48 The AI Boom Will Create Enormous Roadkill: Who Wins & Loses? | David Frankel
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