Everything Alex Patis said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Patis relies on lead VC funds to underwrite due diligence
“I am not built Like an institutional fund with management fees to work nine to five on this and do the diligence that a traditional institutional fund would do. So piggybacking or leaning on these funds that are set up to lead rounds, set terms, and sign off o…”
VCs ignore small-check angels until they source a funded deal
“Most VCs that I meet aren't going to give a shit about me, right? They, like, my check is small. I'm insignificant to them. But if you're able to share high quality deals or you actually source a deal that they end up doing, you'll see the relationship change …”
Patis deployed $60M across 275 startups as a side hustle
“So I was able to invest in 275 companies Deploy about sixty million in total capital, all as a side hustle while I was kind of operating as an early stage employee at a startup.”
Patis's first syndicate startup grew from a $6M to $500M valuation
“In this particular company, they were raising two million dollars at a six million dollar valuation. We had the opportunity to invest a 150,000 as the final trunch, and that company today has recently raised at a five hundred million dollar valuation.”
Patis's syndicate allows LPs to co-invest with tier-one VCs for $1,000
“Part of my role is gaining that access, getting the allocation to participate in that round alongside these tier one, these institutional venture capital funds for as little as a thousand dollars per deal.”
Patis sources venture syndicate deals through five primary channels
“Really there's Five different ways that we typically source deals and access founders. The first is co-syndicating with other syndicate leads like myself, right? A lot of times there will be other syndicates that maybe have a larger allocation than they can fi…”
Patis splits time 70% on full-time job and 30% on syndicate
“It's probably a 70, 30% split of 70 full-time job, 30% kind of the side hustle VC world.”
Patis shared 20 deals before VCs reciprocated with their own flow
“You know, I've got examples of VCs that I probably sent 10, 20 deals to, and it wasn't until the 20th or so that they actually ended up participating in that round. And now, like some of these folks who I spent, you know, a couple years sharing deals with, I'm…”
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