New minimum investments for syndicate leads

We’ve increased the minimum investment for syndicate leads.

The minimum investment for leads who are investing their own money is now 2.5% of the amount raised from individuals in the syndicate. The minimum investment for leads who are investing out of a fund is 20%.

Syndicates can still raise an unlimited amount of capital from institutional investors like CSC Upshot — this minimum only applies to capital raised from individuals.

For example, if a lead puts $5K of her own money in a startup, she can raise an additional $195K from individual investors in her syndicate. She can also raise an unlimited amount of capital from a fund like CSC Upshot.

The minimum investment may be reduced if a notable investor is making a significant investment in the round. It may also be reduced in pro ratas.

This minimum will make it easier for individual investors to monitor the lead’s investment. As always, investors can also view the lead’s investment in any deal and opt out of the deal, for any reason.


Originally published at blog.angel.co on December 1, 2015.