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Ep201 – Cheryl Mack (Co-founder & CEO – Aussie Angels) on how to get started as an angel investor
The Startup Playbook Podcast
Navigating Angel Investing in B2C
This chapter explores the significance of understanding industry trends and focusing on specific sectors for angel investors, particularly within the B2C landscape in Australia. It highlights the evolution of investment strategies, emphasizing relationship-building with founders and the rigorous evaluation process of potential investments. Additionally, the discussion underscores the importance of product-market fit and the adaptability of entrepreneurs in solving customer problems.

Ep201 – Cheryl Mack (Co-founder & CEO – Aussie Angels) on how to get started as an angel investor
- December 13, 2024
- rohitbhargava
- Podcast
My guest for Ep201 of The Startup Playbook Podcast was Cheryl Mack.
Cheryl started her journey launching and growing Startcon, which was Australia’s largest startup conference at the time.
She’s now involved with a number of different projects including The Pillars, 361 Angel Club and the First Cheque Podcast but she is best known as the Co-founder & CEO of Aussie Angels.
Aussie Angels is a platform that manages the backend infrastructure of investments, allowing angel investors to invest in startups via syndicates. To date, over 1,700 angels have invested $23M through their platform.
In this interview we covered a range of topics including:
- The importance of brand, marketing and storytelling
- How to get started with angel investing
- What founders should look for when adding angel investors to their cap table
- What investors really mean when they say they look for “good” founders, markets and investment opportunities
- & much more!
Timestamps:
- 1:43 Cheryl’s background
- 3:54 Growing up in Canada and moving to Australia
- 8:25 Building StartCon, Australia’s biggest startup conference in Australia at the time
- 14:31 Choosing themes/sectors as an Angel Investor
- 20:49 What Cheryl looks for when personally investing in companies
- 29:26 Learnings from early mistakes as a new Angel Investor
- 35:41 Advice for new Angel Investors
- 38:00 Benefits of joining a syndicate
- 47:43 How founders should think about taking money from angel investors
- 54:06 Signals investors should look for when deciding whether to invest
- 1:00:44 Challenges and benefits of working with your partner, balancing family life
- 1:10:13 Redistributing wasted toys
Our partners:
A big thank you to Tom Worden and Alexandra Lewis for their help with this interview!
Also a big shout out to our partners for the show:
Scendar
Scendar is the OG startup accounting firm in Australia catering to all stages of your business’ life. If you’re busy running your startup, you don’t have time to do your own books and forecast. Instead, fully outsource your finance function, giving you time and resources back to focus on what you do best in growing your business. Find out more at Scendar.com
Vanta
Vanta helps businesses get — and stay — compliant by automating up to 90% of the work for the most in-demand compliance frameworks. And with over 300 integrations, you can easily monitor and secure the tools your business relies on.
Join over six thousand fast-growing companies that use Vanta to manage risk and prove security in real time.
Startup Playbook Podcast listeners get access to an exclusive offer of USD$1000 off their plans. Head over to vanta.com/playbook to get access to this exclusive discount.
Links mentioned:
Cheryl’s links:
People mentioned:
- Mike Cannon-Brookes
- Matt Barrie
- Rod Drury
- James Harrisson
- Thomas Worden
- Adrian Osman
- Cliff Obrecht
- Melanie Perkins
- Alexandra Lewis
Companies mentioned:
- StartCon
- The Startup Network (formally Startup Victoria)
- Freelancer
- Xero
- Airtree
- Blackbird
- Playbook Ventures
- AWS
- Cut Through Venture
- me&u (formally Mr Yum)
Feedback/connect/say hello:
Rohit@startupplaybook.co
@RohitBhargava7 (Twitter)
/rohbhargava (LinkedIn)
@rohit_bhargava (Instagram)
My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Find all of the links for the podcast on Linktree here
Podcast: Play in new window | Download | Embed
Subscribe: RSS
The post Ep201 – Cheryl Mack (Co-founder & CEO – Aussie Angels) on how to get started as an angel investor appeared first on Startup Playbook.
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