Big news: AngelList alumni have raised over $1.1 billion from angels and VC’s on AngelList and beyond. Sarah Lacy has a detailed analysis.
Most of the $1.1 billion happens in the big rounds after AngelList. For example, Uber raised $1.25M in their AngelList round and went on to raise $43M after “graduating” from AngelList.
Big surprise, the distribution is a power law.
Interesting markets (there is overlap between markets)
silicon valley: $572M
san francisco: $458M
new york: $136M (NY beats LA by 2x and MA by 3x)
los angeles: $67M
To $10 billion and beyond.
Khang collected all the hackathon entries at http://angel.co/hacks. Just go there already.
(Read about the Hackathon here.)
This one is by Kyan Pardiwalla and it’s called Tools. It’s a set of 2 widgets for startup founders. The Launching Soon widget allows companies that haven’t launched yet to gather users. It also provides a page on AngelList to check out companies that are coming soon and sign up with 1-click. The Investor Actions widget allows startups to get followers directly from their own site.
It isn’t live yet—here are some screenshots.
(Read about the Hackathon here.)
This one is by Milos Tatervic. And it’s called the Startup Finder of Doom. It is the ultimate tool for searching through startups. Search by market, location, team, college, et cetera. It’s particularly useful for searching through startups that are recruiting.
Last week, we did a week-long hackathon at AngelList. Everybody got to build what they want. Which is pretty much how we operate every day. But there was less meddling from Nivi and Naval during the hackathon.
And today is Judgement Day. We’re getting expert judges to evaluate the hackathon entries. I’ll publish the list of judges later today.
But first let’s see what you think. If you like a hackathon entry, tweet about it. We’ll add up the tweets and give the “People’s Choice” award to the winner. Vote as much as you want.
Let’s start with entry #1: The Startup Finder of Doom.
Entrepreneurs can once again ask people they know to endorse their startup. Here’s how endorsements work.
Startup team members open the endorsements popup from their todo list or from the comments tab.
They request endorsements from people they know. Name and email address required.
When endorsers accept the request, their comments are added to the startup profile and distributed to their followers.
The new endorsements system is still in test mode, so be sure to give us feedback.
We love Twitter. It’s our main channel for communicating with fans of Venture Hacks and AngelList. But the downside of Twitter is that it’s yet another inbox to process. PowerInbox changes that. With a few simple features, PowerInbox transforms your email client in to the one place to power through all of your communications – Twitter, Facebook and old-fashioned email. It allows you to follow back, tweet replies or DM directly from Gmail. No more jumping from Gmail to Twitter and back. We love it. Check it out.
Today, PowerInbox announced the launch of their product along with a $1.1 million round. As you might expect, most startups use AngelList to connect with angel investors, but Matt Thazhmon and the PowerInbox team used AngelList to connect with all of their VCs:
Here’s what Matt said on Quora:
Experience on AngelList was awesome. Only regret is that I wish we had put our profile up in Sept 2010 when Naval Ravikant told us to.
Here’s how it went down: We met Robert Scoble on Sat Feb 26 and he referred us to AngelList. We posted our profile on AngelList that day and had investors request intros that very day! It was surreal and a great momentum boost. We had our first commitment within a week ($100K)
A big thanks to irrepressible Robert Scoble for bringing PowerInbox to the AngelList community. Congrats PowerInbox!
Why buy a tux that you’ll only use once? Instead, use Rentcycle to find and compare stores that rent them. Rentcycle connects people looking to rent just about anything – toys, tools, and yep tuxedos – with trusted and rated businesses. Check it out.
The team at Rentcycle just closed a $1.4 million round with the help of some phenomenal investors they met through AngelList:
Here’s what Rentcycle Founder and CEO Tim Hyer had to say about his AngelList experience:
We were confident that we’d find strong investors through AngelList. But we didn’t expect to meet — let alone get commitments from — the likes of Max Levchin and Farhad Mohit. An absolute must for fundraising. Thanks AngelList.
BTW, they’re hiring.
TribeHR has done the impossible. They’ve taken what is one of the more irritating chores for small and medium businesses–human resources management–and made it a beautiful, pleasurable experience. Their app is designed to automate many tedious HR-related tasks and integrates with Salesforce, AppDirect, and FreshBooks. Check it out.
Today Joseph Fung and the TribeHR team closed a $1mm seed round and managed to connect with a few stellar investors via AngelList:
A huge thanks to connector Dan Martell for bringing TribeHR to AngelList.