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Ep. 299 How I Raised It with Jed Ng of AngelSchool.vc

·44 min·2 clips

Jed says a syndicate has three parts: investors, a deal pipeline, and administration.

1. How I Raised It interviews Jed Ng of AngelSchool.vc about angel investing, syndicates, and startup fundraising. 2. Jed Ng is the founder of AngelSchool.vc, and Nathan Beckert hosts the show from How I Raised It. 3. The episode asks how an individual can learn angel investing, build a thesis, and run a syndicate without guessing. 4. Jed says he moved from oil and gas in a “former life” to grad school, tech, and a startup that made no money. 5. He describes a West Coast API marketplace that received seed funding from Andreessen Horowitz and later became the world’s largest API marketplace. 6. Jed says AngelSchool.vc is “an accelerator for angel investors” because venture as an individual is “capital intensive and high risk.” 7. He splits angel growth into “zero to one” learning fundamentals and “one to ten” building an angel network and syndicate. 8. Jed says investors come for “skills acquisition, not knowledge,” so he invites graduates into his investment committee to work on real deals. 9. He recommends that new angels see “lots and lots of deal flow” through demo days, AngelList, and other syndicates. 10. He says individual angels should be “more stingy about pulling the trigger” because every deal has “100 percent risk exposure.” 11. Jed says posting on LinkedIn that you are an angel investor can bring inbound deal flow and investor connections. 12. He calls joining other syndicates a learning tool because it gives pre-vetted deals and shared diligence. 13. Jed says sector is the main real choice for an angel, while check size comes from wealth and risk appetite. 14. He warns against confusing signaling with diligence, even when a company has Y Combinator or Sequoia-style references. 15. Jed’s diligence checklist includes value proposition, business model, unit economics, market size, defensibility, team, and valuation. 16. He says founders’ behavior matters, including whether they respect investor time and communicate before and after the raise. 17. Jed describes syndicates as angel networks that aggregate capital, share deal flow, and let investors choose their own investments. 18. He says the lead usually takes management fees and 20% carried interest, while SPV administration can be handled by providers like Sidecar, Vauban, Canopy, and Allocations. 19. The conversation is direct, tactical, and heavily example-driven, with repeated back-and-forth on check sizes, deal flow, and investor updates. 20. Listeners who want angel-investing mechanics, syndicate structure, and early-stage diligence will get the most from this episode.

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