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A Guide to Super Angel Investors – Who are They and What Do They Invest In (aka Micro Venture Capital Funds)




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If you’re looking for funding, sign up for our invite-only Funding Recommendation Engine.  It’s free and algorithmically recommends upto 20 VCs, angels, super angels, etc who fit with your business based on their past investment history.  Get an invite here.

After the “What is a super angel?” question we get from founders going through the Funding Recommendation Engine, the next question is, “Who are the super angels?”

Ask and you shall receive.  Below is the best list out there of super angel investors in alphabetical order along with some analysis of their investment industries and geographies of focus.

Note:  Since a clear definition of super angel has not surfaced yet, we’ve used what seems to be the more popular definition which is that Super Angels are those that who were angel investors and who have have subsequently raised small funds with which to invest in emerging, young companies.  To those that feel strongly that calling these folks Super Angels is a misnomer and that they are actually micro venture capital funds, our headline attempts to assuage your concerns.  Rich Aberman of WePay has a good post explaining why these types of issues probably don’t matter to founders and entrepreneurs anyways.

500 Startups

  • Key People: Dave McClure
  • Fund Size: $30M
  • Average Investment Size: $25k – $250
  • Number of Portfolio Companies / Investments: 31 (This doesn’t include angel investment Dave McClure had previously made on his own)
  • What does 500 Hats invest in? Over 80% of 500 Startups’ portfolio is internet companies.  A bit more than 10% is in mobile & telecom companies. (note: this is based on actual investment portfolio company data)
  • Geographies that 500 Hats invests in? All but one of 500 Startups’ companies are based in the US.  The vast majority are in California. (note: this is based on actual investment portfolio company data)
  • Related links: 500 Startups portfolio500 Startups team
  • Related entities: Dave McClure (his individual angel investor profile)

Felicis Ventures

  • Key People: Aydin Senkut
  • Fund Size: $40M
  • Average Investment Size: $25k – $150k
  • Number of Portfolio Companies / Investments: 68
  • What does Felicis Ventures invest in? Over 80% of Felicis Ventures’ portfolio is in internet companies.  A little less than 9% is in mobile & telecom companies. (note: this is based on actual investment portfolio company data)
  • Geographies that Felicis Ventures invests in? All but two of Felicis Ventures’ companies are based in the US.  Over 75% are based in California. (note: this is based on actual investment portfolio company data)
  • Related links: Felicis Ventures portfolio, Felicis Ventures team
  • Related entities: Aydin Senkut

Floodgate

  • Key People:  Mike Maples Jr., Ann Miura-Ko
  • Fund Size:  $70M+
  • Average Investment Size: $150,000 to $1 million
  • Number of Portfolio Companies / Investments: 56
  • What industries does Floodgate invest in? Almost 3/4 of Floodgate’s portfolio is internet companies.  The remaining 25% is a mix of mobile, software, computer hardware & services and business products & services companies. (note: this is based on actual investment portfolio company data)
  • What geographies does Floodgate invest in? With the exception of a single China-based investment, Floodgate invests in the US only.  The vast majority of their portfolio is California-based companies followed by Texas.  They have also invested occasionally in Massachusetts, Illinois and Pennsylvania but these are in the small minority of their investments.  (note: this is based on actual investment portfolio company data)
  • Related links: Floodgate portfolio, Floodgate team
  • Related entities: Floodgate was formerly known as Maples Investments

Founder Collective

  • Key People:  Bill Trenchard, Caterina Fake, Chris Dixon, David Frankel, Eric Paley, Mark Gerson, Micah Rosenbloom, Zach Klein
  • Fund Size: ~$40 million
  • Number of Portfolio Companies / Investments: 25
  • What does Founder Collective invest in? Almost 80% of Founder Collective’s portfolio is in internet companies.  A bit less than 9% is in mobile & telecom companies.    (note: this is based on actual investment portfolio company data)
  • What geographies does Founder Collective invest in? 100% of Founder Collective’s companies are based in the US.  The vast majority are in California or New York although they have invested in Massachusetts-based companies as well.  (note: this is based on actual investment portfolio company data)
  • Related links: Founder Collective portfolio, Founder Collective team
  • Related entities: Many of the investors and founders of Founder Collective formerly made and continue to make angel investments outside of the fund.  Here are links to their individual angel investor profiles: Caterina FakeChris DixonZach KleinBill TrenchardEric Paley

Founders Co-op

  • Key People: Andy Sack, Chris DeVore
  • Fund Size: $2.5M (raised in 2008)
  • Average Investment Size: $50k – $250
  • Number of Portfolio Companies / Investments: 12
  • What does Founders Co-op invest in? Over 80% of Founders Co-op’s portfolio is in internet companies.   (note: this is based on actual investment portfolio company data)
  • Geographies that Founders Co-op invests in? 100% of Founders Co-op’s companies are based in the US.  The vast majority of companies are Washington State. (note: this is based on actual investment portfolio company data)
  • Related links: Founders Co-op portfolio, Founders Co-op team

Harrison Metal

  • Key People:  Michael DearingErik Rannala
  • Number of Portfolio Companies / Investments:  29
  • What does Harrison Metal invest in?  Over 80% of Harrison Metal’s portfolio is comprised of Internet companies and 10% is Mobile.  (note: this is based on actual investment portfolio company data)
  • Geographies that Harrison Metal invests in?  Harrison Metal’s investments are currently based exclusively in the United States, with the vast majority in California.  The firm also has limited investment in New York, Massachusetts and Pennsylvania-based companies.  (note: this is based on actual investment portfolio company data)
  • Related links: Harrison Metal’s portfolio, Harrison Metals’ team

IA Ventures

  • Key People:  Roger Ehrenberg, Brad Gillespie
  • Fund Size: ~$25 million
  • Average Investment Size: $150,000 to $1 million
  • Number of Portfolio Companies / Investments: 12
  • What does IA Ventures invest in? Over 80% of IA Ventures portfolio is in internet companies.  A bit less than 9% is in both mobile & telecom and software companies.  (note: this is based on actual investment portfolio company data)
  • What geographies does IA Ventures invest in? The majority of IA Ventures’ portfolio are in California or New York although they have invested in Massachusetts-based companies as well.  (note: this is based on actual investment portfolio company data)
  • Related linksIA Ventures’ portfolio, IA Ventures team
  • Related entities: Roger Ehrenberg formerly made angel investments via his own angel investment entity, IA Capital.  Here are links to these profiles:  Roger EhrenbergIA Capital Partners

K9 Ventures

  • Key People:  Manu Kumar
  • Average Investment Size:  $100,000 to $1M
  • Number of Portfolio Companies / Investments:  7
  • What does K9 Ventures invest in?  Over 80% of K9 Ventures’ portfolio is in internet companies with the remainder being focused on mobile software & telecom.  (note: this is based on actual investment portfolio company data)
  • Geographies that K9 Ventures invests in?  100% of K9 Ventures’ portfolio companies are based in the United States, and more specifically within the San Francisco / Bay area.  (note: this is based on actual investment portfolio company data)
  • Related links:  K9 Ventures portfolio

Lerer Media Ventures

  • Key People:  Kenneth Lerer, Ben Lerer
  • Fund Size: ~$7 million
  • Number of Portfolio Companies / Investments: 15
  • Average Investment Size: $150,000 to $1 million
  • What does Lerer Media Ventures invest in? Over 90% of Lerer Media Ventures’ portfolio is in internet companies.  (note: this is based on actual investment portfolio company data)
  • What geographies does Lerer Media Ventures invest in? The vast majority of Lerer Media’s investments are NYC-based companies.  They have a few investments outside of New York in California and Texas.  (note: this is based on actual investment portfolio company data)
  • Related links: Lerer Media Ventures’ portfolio, Lerer Media Ventures’ people

Lowercase Capital

  • Key People:  Chris Sacca
  • Fund Size:  $28M+
  • Number of Portfolio Companies / Investments:  40
  • What does Lowercase Capital invest in?  75% of Lowercase Capital’s investments have been in Internet companies, followed by roughly 20% in Mobile, 5% in Software.   (note: this is based on actual investment portfolio company data)
  • Geographies that Lowercase Capital invests in?  92% of Lowercase Capital’s investments have been in the United States, followed by 5% in the UK and 3% in Canada.  (note: this is based on actual investment portfolio company data)
  • Related links:  Lowercase Capital’s portfolio
  • Related entities:  Chris Sacca’s angel investment portfolio

Social Leverage

  • Key People:  Howard Lindzon
  • Average Investment Size: $100,000 to $500,000
  • Number of Portfolio Companies / Investments: 13
  • What does Social Leverage invest in? Over 75% of Social Leverage’s portfolio is in internet companies with the remainder being invested in software firms.  (note: this is based on actual investment portfolio company data)
  • What geographies does Social Leverage invest in? A majority of Social Leverage’s investments are based in the US but they do invest overseas.  Within the US, the fund invests primarily in New York and California but based on investment history is open to other US states as well.
  • Related links: Social Leverage portfolio, Social Leverage people
  • Related entities:  Howard Lindzon has invested as an angel investor on his own before as well as via other investment vehicles.  Here are links to these profiles:  Howard Lindzon, Knight’s Bridge Capital Partners

SofttechVC

  • Key People: Jean-Francois “Jeff” Clavier
  • Fund Size: $15M
  • Average Investment Size: $100k – $500
  • Number of Portfolio Companies / Investments: 42
  • What does SofttechVC invest in? Over 90% of SofttechVC’s portfolio is in internet companies.   (note: this is based on actual investment portfolio company data)
  • Geographies that SofttechVC invests in? All but two of SofttechVC’s companies are based in the US.  The vast majority of companies are based in California and almost 12% of the portfolio is based in New York. (note: this is based on actual investment portfolio company data)
  • Related links: SofttechVC portfolio, SofttechVC team
  • Related entities: Jean-Francois “Jeff” Clavier

SV Angel

  • Key People: Ron Conway, David Lee, Mike Ghaffary, Kevin Carter and Topher Conway
  • Fund Size: $20M+
  • Number of Portfolio Companies / Investments: 33 (many of Ron Conway’s historical investments were made by him personally or through Baseline Ventures.  Links to those are below)
  • What does SV Angel invest in? 86.5% of SV Angel’s investments have been in Internet companies, followed by 13.5% in Mobile. (note: this is based on actual investment portfolio company data)
  • Geographies that SV Angel invests in? 100% of SV Angel’s portfolio companies are based in the United States, predominantly in California but also including New York, Massachusetts, Washington and Rhode Island.   (note: this is based on actual investment portfolio company data)
  • Related links: SV Angel portfolio, SV Angel team
  • Related entities: SV Angel’s founding partners include Ron Conway and David Lee who also maintain individual portfolios as angel investors.  Conway also invested through Baseline Ventures in the past.

Thrive Capital

  • Key People: Joshua Kushner
  • Fund Size: $10M (launched summer 2010)
  • Average Investment Size: $100k – $150k
  • Number of Portfolio Companies / Investments: 15
  • What does Thrive Capital invest in? 100% of Thrive Capital’s portfolio is in internet companies.   (note: this is based on actual investment portfolio company data)
  • Geographies that Thrive Capital invests in? All Thrive Capital’s companies are based in the US.  The vast majority of companies are based in New York. (note: this is based on actual investment portfolio company data)
  • Related links: Thrive Capital portfolio
  • Related entities: Joshua Kushner

Quest Venture Partners

  • Key People:  Andrew Ogawa, Hiro Ogawa, Marcus Ogawa
  • Fund Size: $20M
  • Average Investment Size: $100k – $1.5M (typical $500k)
  • Number of Portfolio Companies / Investments: 13
  • What does Quest Venture Partners invest in? Over 70% of Quest Venture Partners’ portfolio is in internet companies with another nearly 25% in mobile companies.   (note: this is based on actual investment portfolio company data)
  • Geographies that Quest Venture Partners invests in? Quest Venture Partners’ companies are based in the US.  The vast majority of companies Quest invests in are based in California. (note: this is based on actual investment portfolio company data)
  • Related links:  Quest Venture Partners portfolio
  • Related entities: Marcus Ogawa

If we’ve missed your Super Angel Fund, leave a comment or email us at feedback(at)chubbybrain.com.  It seems new Super Angel funds are emerging every day so we’ll try to keep this updated over time as well.

If you’re an entrepreneur whose read this far, you definitely should try out our Funding Recommendation Engine to get a list of investors that match with your business.

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14 Responses to “A Guide to Super Angel Investors – Who are They and What Do They Invest In (aka Micro Venture Capital Funds)”


  1. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] the investment market. ChubbyBrain, a group of "data geeks" focused on helping entrepreneurs, has put together a handy list breaking down everything you need to know about the super [...]


  2. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] the investment market. ChubbyBrain, a group of "data geeks" focused on helping entrepreneurs, has put together a handy list breaking down everything you need to know about the super [...]


  3. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] Guide to Super-Angels Posted on October 1, 2010 by sgeye A Guide to Super Angel Investors – Who are They and What Do They Invest In (aka Micro Venture Capi… This entry was posted in Uncategorized. Bookmark the permalink. ← An online training [...]

  4. Eric Chan says:

    Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    Perhaps the definition above are those who seem to be more vocal?

    There seem to be a few firms that might be added to the list…

    XGVentures (http://www.xg-ventures.com)
    Launch Capital (http://www.launch-capital.com)


  5. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    Eric – Thanks for reading, for the comment and for highlighting these two firms. Here is the XG Ventures’ and LaunchCapital’s profile on ChubbyBrain.

    We’ll continue to update the list with suggestions so do appreciate it.


  6. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] investisseurs en amorçage prendre des participations dans des startups à plus d’une heure de leur base (train, voiture ou avion). Mais ça arrive : il y a peu, le gagnant de SeedCamp, Brainient, a [...]


  7. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    A Guide to Super Angel Investors – Who are They and What Do They Invest In…

    Since a clear definition of super angel has not surfaced yet, we’ve used what seems to be the more popular definition which is that Super Angels are those that who were angel investors and who have have subsequently raised small funds with which to inv…


  8. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] angel fund” led by Marcus and his brothers Andrew and Hiro.  We’ve added Quest to our Guide to Super Angel Investors as well where we’ve detailed their geographic and industry investment [...]


  9. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] we’d asked What is a Super Angel? and then profiled 14 “super angels” (aka micro venture capital firms) and what industries and geographies they invest in.  One of the super angels we’d chronicled [...]


  10. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] Reverse Due Diligence Info: Lerer Media Ventures portfolio | Lerer Media Ventures team | A Guide to Super Angels [...]


  11. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] So here is list #1 which includes 10 San Francisco area based angel investors that you may want to follow especially if you are a consumer internet startup.  Happy stalking!  You may also want to check out our Guide to Super Angel Investors. [...]


  12. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] Also Check Out:  Guide to Super Angel Investors and What They Invest In [...]


  13. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] investment activity and their existence at all preferring to keep a lower profile in contrast to super angels, venture capitalists or angel investors.  They often do not have websites and are not out and [...]


  14. Warning: Illegal string offset 'keywords_time' in /home/chubbybrain/public_html/blog/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    [...] which focuses on First Round Capital, along with WSJ’s review article last year, and a slightly more comprehensive survey by ChubbyBrain. They’re a bit dated, but they get you [...]

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