Disclosure certainty 4/5 debate potential 1/5

SF Angels Group comprises 32 members focused on San Francisco startups

Manny Fernandez · 707: Government Gives Him Power to Let Non-Accredited Investors Invest · Jul 1, 2017 · at 2:58

Manny Fernandez explains the structure and geographic focus of his angel network, SF Angels Group, to Nathan Latka.

0:00 / 0:05exact quote · 5.7s
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“I'm a founder of SF Angels Group. We're 32 members. We focus on primarily companies in San Francisco”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Manny Fernandez

Assertion Contradicted
Dream Funded was first SF platform approved for non-accredited investors
“We're fortunate that we're the first platform in Silicon Valley in San Francisco to receive the approval to allow they call it non-accredited investors to invest.”
Manny Fernandez Jul 1, 2017 ▶ 9:35 707: Government Gives Him Power to Let Non-Accredited Investors Invest
Insight
New angel investors should cap startup allocation at 5% of portfolio
“I think a person should, if they get involved in angel investing, should probably have a small percentage of their portfolio and start as a diversify, maybe two to five percent if they even want to have that dollar amount involved.”
Manny Fernandez Jul 1, 2017 ▶ 8:42 707: Government Gives Him Power to Let Non-Accredited Investors Invest
Disclosure
Dream Funded users got TaskRabbit allocation via SF Angels syndicate
“An angel that's a member of SF Angels was a early investor in TaskRabbit. They were doing a next round, and I was invited to be a part of it. So I brought Dream Funded members to be an investor in the fund that we had set up specifically for it.”
Manny Fernandez Jul 1, 2017 ▶ 4:26 707: Government Gives Him Power to Let Non-Accredited Investors Invest
Assertion Partly supported
Dream Funded permits non-accredited investors to write $100 startup checks
“Dream Funded allows a everyday American to be able to invest as low as 100 dollars into a company they decide to invest in.”
Manny Fernandez Jul 1, 2017 ▶ 9:18 707: Government Gives Him Power to Let Non-Accredited Investors Invest
Assertion Partly supported
Fernandez is personally cited in SEC's final Title III JOBS Act rules
“If you look at the final rules of Title III of the JOBS Act on the SEC site, there's some, I'm mentioning there a couple of times.”
Manny Fernandez Jul 1, 2017 ▶ 10:37 707: Government Gives Him Power to Let Non-Accredited Investors Invest
Disclosure
Dream Funded charges 5% cash and 2% equity on successful fundraises
“No, it's five percent upon closing. So we get five percent of what the closing of the round and two percent of the shares that the company is offering.”
Manny Fernandez Jul 1, 2017 ▶ 13:22 707: Government Gives Him Power to Let Non-Accredited Investors Invest
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