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I encourage you to do a little deeper math on the syndicate dynamic. But first, other than the fun headlines, I want to focus my comments on the fact that this is NOT a competition, but rather a great potential source of capital for entrepreneurs at the seed stage.
Jason's syndicate - which I'm personally backing - is planning to do 7 investments a year. So while each investment has a syndicate of $762k, the total committed from the syndicate across all 7 deals is $5.3m. This doesn't include Jason's commitment (which I think is $100k / investment, or another $700k for a total of $6m.
In comparison, FG Angels is going to 50 investments between now and the end of 2014. Since the syndicate is $324k, this is a total of $16.2m from the syndicate. This doesn't include FG Angels investment of $50k / investment ($2.5m across all 50 investments) which brings the total to 18.4m.
I committed $2k to Jason's syndicate, so I end up having a $14k commitment to his deals. If someone commits $2k to FG Angels, they are committing $100k to the deals we do.
Regardless, we are capping the size of FG Angels at $450k for the syndicate. We don't want to overfund these seed investments, nor do we want to "hog them all" - we want to make sure there is room for other angels who want to participate.
Our approach comes from the experience we have an angel investors (separate from our VC investments). See http://www.feld.com/wp/archives/2010/06/suggestions-for-angel-investors.html for more background if interested.
1 month, 2 weeks ago on Calacanis plays God: How to go from zero to $1M in a weekend thanks to AngelList Syndicates
Trevor - you did a nice job of capturing things. I toss a reference up on http://startuprev.com/archives/2012/08/pros-and-cons-of-boulders-startup-ecosystem.html
Thanks for spending time in Boulder!
1 year, 3 months ago on Boulder’s Startup Ecosystem: Pros and Cons
You are missing the absolutely best CEO coach in the world from this list. It's Jerry Colonna - http://www.themonsterinyourhead.com/about-me/
1 year, 4 months ago on PandoList: CEO Coaches
Sarah - Fitbit is easy to get - http://www.fitbit.com, on Amazon (search for Fitbit) or your nearest Best Buy.
1 year, 7 months ago on Notch Launches to Make Healthy Living (and Data Nerds) Sexy
@sarahlacy I was told that just by @aschwab7 just after i declared mine. I'm so sick of waking up three times in the night and having to go to the bathroom 10 times a day, but I'm told that at least I'm hydrating well.
1 year, 7 months ago on PandoList: MIT All-Stars
@conch The history of IHTFP is up on http://www.mit.edu/people/mjbauer/ihtfp.html
Some of my favorite backcronyms include I'll Have Thesis Finished Pronto and I Hope To Fuckin' Pass.