Somebody is going to eventually do the math on how much money is sloshing around the tech industry in regular employees’ pockets and build something absolutely mammoth on top of it. My bet is that it will be weird and boring at the same time.
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The magic here isn’t just the money, it will be that the customer (investor? But very consumer-like behavior) network is hyperdense, online functionally 100% of the time, and routinely introduced to other people in similar circumstances by the day to day operations of employer.
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Work Slacks are going to be like “Oh geez take it off this channel; it’s like Bitcoin all over again.”
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I think that is somewhat what
@Jason is trying to do with the angel syndicates -- in your view, are you think it'll be geared towards rank and file tech employees looking for alt investments vs focusing on people that actively want to be angels? -
I think it will tap into the thing people want to get out of being angel investing, but probably be pretty orthogonal to it. Many people who’d never do angel investing will write checks.
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Like a large Angellist syndicate?
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If I guessed it would owe heavily to the AngelList DNA (either by them or alums or slavishly inspired folks) but probably not a syndicate per se. The product people will want is the cachet of angel investing without the work, and even syndicates are work.
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Are there special legal structures required for having 10k LPs?
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Reg A, Reg D I believe
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A VC fund of tech employees that funded companies with a push to treat employees better wrt their equity would be interesting. "They've invented a union" but being external and trying to move things on the funding end would be an interesting dynamic. Like YC pushed for founders.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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isn’t this just a hedge fund, for which one must be an accredited investor?
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private equity fund*, i mean
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