I was fortunate to interact with a few of the below alumni angel syndicates over the past few weeks. All of these companies have been leading their respective fields. I feel that the crew from TEAM come from a high-performance environment as well, and could set up something similar.
It was interesting to see how these top-tier company alumni groups have set their syndicates up. Some have exclusivity to alumni, some are completely open, whilst others may open deals up publicly once alumni have completed their investments.
Only the crew from AirBnB's AirAngels invest in alumni founders only.
The sheer scale of the Google Alumni community - Xoogler - is incredible with Demo Days being hosted around the world.
All groups seem to take a 20% carry. There can be deal spotting carry assigned to people who bring the syndicate an opportunity.
Company & Syndicate | # GP's | # LP's | LTM Deals | Investors Alumni only? | Founders Alumni only? |
AirBnB: AirAngels | 2 | 389 | 89 | Yes | No |
Google: Xoogler | 7 | 562 | Unknown | No | Yes |
Lyft: Uplyft | 4 | 1091 | 25 | No | No |
Meta: Backed by Blue | 3 | 188 | 5 | No | No |
Pinterest: PinAngels | 5 | 205 | 3 | Yes | No |
Uber: Alumni Investment Club | 2 | Unknown | 89 | No | No |
Thoughts on the above and how they relate to Atlumni?
None have a philanthropic skew. Whilst many people were contributing pro-bono work to new companies, there was no direct impact to communities in need.
I am of the current belief that we would need to have a carry. I have looked into perhaps assigning a carry being donated to a charity but this can also impact fund fees (it can be cheaper with no carry at all).
I need to recruit like-minded Limited and General Partners. Interested in joining me set this up? Get in touch