Alex Patis

7 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Nov 15, 2023 by Alex Patis · across every show →

On the record as a speaker too: Alex Patis's record, appearances and statements → this page counts the times other people say the name.

Everything said about Alex Patis, oldest first

Nov 15, 2023
Disclosure
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.”
Alex Patis Nov 15, 2023 ▶ 6:24 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023
Assertion Supported
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.”
Alex Patis Nov 15, 2023 ▶ 1:58 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023
Disclosure
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…”
Alex Patis Nov 15, 2023 ▶ 12:34 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023
Disclosure
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.”
Alex Patis Nov 15, 2023 ▶ 9:06 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023
Disclosure
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…”
Alex Patis Nov 15, 2023 ▶ 9:55 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023 positive
Assertion Supported
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.”
Alex Patis Nov 15, 2023 ▶ 8:17 I Became A Venture Capitalist With Only $1,000
Nov 15, 2023
Disclosure
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…”
Alex Patis Nov 15, 2023 ▶ 13:32 I Became A Venture Capitalist With Only $1,000
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