Maiden Lane

“We're going to see three pretty basic models emerge for how decisions are made, all the way up from LPs down, down to small seed funds. And the three buckets are going to be consensus-based decision-making, and that's every fund that, you know, has pretty much…”

“And so we raised twenty-five million dollars. We named the fund Maiden Lane.”

“95% of the investments that we make are done through AngelList, and specifically through syndicates.”

“Maiden Lane is being built and AngelList is being built, you know, in the middle of a city center of a major city, and I think that's sort of the bigger trend of where venture is going. It is no longer going to be a skill set or knowledge of the very few. It's…”

“One of our first things that we did was we opened a live work loft so that people could do meetings and host dinners and just kind of a third space because most all the syndicate leads have a full-time job, right?”

“Initially, we didn't even think there would be enough deal flow on AngelList, and so we put it in our documents that we would do half the deals offline in a more traditional manner, and then half online, kind of waiting for the platform to scale.”

“The reason we asked for 30% carried interest is because we share 15 to 20% of that carried interest with syndicate leads.”