Flight.vc

8 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Feb 8, 2016 by Gil Penchina · across every show →

Everything said about Flight.vc, oldest first

Feb 8, 2016
Assertion Not checkable as stated
Founders and executives make up 30% of Flight.vc syndicate investors
“Yeah, I'd say about 30% are in a entrepreneurial venture. They're either a founder or, Executive at an early stage company. Another 30 or 40% are more broadly working in technology, whether that's, you know, IBM and Accenture or Dell or, you know, bigger compa…”
Gil Penchina Feb 8, 2016 ▶ 6:50 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016
Disclosure
Flight.vc is launching a traditional follow-on venture expansion fund
“Eric is working on more of a, what I would call a traditional venture fund that will buy follow-on in various Angel investments.”
Gil Penchina Feb 8, 2016 ▶ 15:40 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016
Assertion Supported
Flight.vc operates 25 AngelList syndicates across verticals and regions
“Flight is just a umbrella name for the now 25 syndicates we run ranging from You know, the SaaS syndicate to the fintech syndicate to the IOT syndicate. We then branched out and launched syndicates in the UK and Germany and Israel and Canada”
Gil Penchina Feb 8, 2016 ▶ 5:07 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016 bullish
Disclosure
Flight.vc invested in AltSchool's seed and Series B rounds
“We were in the seed, and then we put, we're just wrapping up putting more money into the bee.”
Gil Penchina Feb 8, 2016 ▶ 17:51 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016 bullish
Prediction Didn’t hold up
Gil Penchina: Flight.vc aims to become a mainstream consumer retirement platform
“My dream is that we'd be buying a 32nd ad on your show talking about our family of funds, and, you know, we'd have, you know, ads in a magazine just like Fidelity and Vanguard do, and we would become one of those places where consumers invest to, help them, he…”
Gil Penchina Feb 8, 2016 ▶ 15:09 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016 positive
Disclosure
Flight.vc secures pro rata rights in 80% to 90% of deals
“So I would say we insist on it to a point, and probably 80 or 90% of our deals at Perrada would be my guess, but we're also not rule-driven, inflexible bureaucrats, so if there's a reason why it doesn't make sense, you know, we'll work through it with people.”
Gil Penchina Feb 8, 2016 ▶ 11:44 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016 neutral
Assertion Supported
Flight.vc caps deals at 99 investors and has 3,000 total backers
“Every investment has a cap of 99 people who can invest, and we have about 3000 backers across the portfolio.”
Gil Penchina Feb 8, 2016 ▶ 8:17 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
Feb 8, 2016 bullish
Disclosure
Flight.vc syndicated a portion of dating app Happn's funding round
“They just closed a nice round that we syndicated a small piece of, and they're off to the races.”
Gil Penchina Feb 8, 2016 ▶ 20:24 20VC: Gil Penchina on Building The World's Largest AngelList Syndicate with Flight.vc
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