The document discusses trends in angel investing in Colorado, including data on funding amounts, company stages, and number of deals. It provides a review of FG Angels, a Colorado-based angel investment group, including details on the number of investments, average deal size, total money raised, and characteristics of portfolio companies. The document concludes with observations from the author that Colorado's angel investing ecosystem could improve by being more transparent, visible, authentic, and focused on putting entrepreneurs first rather than gatekeepers.
9. @sether
602 Total CO deals since 2000
173 Seed X Angel
Average Size of Angel + Seed + Deals: $748,145
What stage(s): Angel + seed + convertible
Historical Investing in CO
13. @sether
FG Angels Review
★ Number of investments: 66
★ Average syndicate investment: $289K
★ Largest syndicate investment: $785k
★ Total number of syndicate investors: 582
★ Total number syndicate investments: 3,744
Source: FG Angel Data
14. @sether
FG Angels Review
★ Average # of deals participated in: 16
★ Most common # of deals participated in: 59
★ # of investors who have participated in at least
half of FG Angels deals: 25
★ Most active syndicate member investment total:
$1,097,112 in 63 deals
Source: FG Angel Data
15. @sether
FG Angels Review
★ Total $’s raised through FG Angels: $16.49M
★ Avg debt cap: $4.96M
★ Avg valuation $4.7M
★ % of investments with a female co-founder: ~25%
Source: FG Angel Data
16. @sether
FG Angels Goals:
✓ Understand AngelList and Syndicates
✓ Experiment with seed investments outside of
FG themes
✓ Extend our network
✓ Generate economic returns
17. @sether
✓ Reinforced that Angel investing is a lot about gut (more
than analysis)
✓ Ability to move quickly was critical
✓ Most Angels are unorganized and followers
✓ Many deals fail -> diversification is important
✓ Typical angels approach the market completely wrong
FG Angels
Outcome | Observations
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