Sublime

The average individual angel puts in about $25,000 per company, typically with 5 or 10 angels joining together to make up the investment round. (Many angels participate in angel groups or syndicates of various kinds. It's a very effective way to pool insights, ideas, connections, and other resources, and it enables angels to invest more powerfully

Returning to the math lesson, let's assume that we as angels want to target a 20 percent annualized return from our investments into 10 companies, and we know that statistically only 1 out of those 10 is going to be our portfolio-maker home run. This means that every individual company in our portfolio needs to be at least theoretically able to

With angel syndicates, you simply pay the carry. There are no fees other than some minor legal and filing fees (typically less than $10,000 per deal, spread out across the dozens of investors in a deal).