Sublime

More typically, they are network-based, with the angel offering to connect the startup with resources, partners, investors, or acquirers that would otherwise fall outside the company's reach. In fact, the first thing that super angel Ron Conway does after making an investment is to give the new portfolio company a large binder containing the names

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).