ACQ2 by Acquired AngelList CEO Avlok Kohli on the Transforming the Company — and Venture Itself
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Apr 20, 2023 Avlok Kohli, CEO of AngelList, drives a transformative shift in the venture capital landscape. He explains how AngelList evolved from merely an SPV provider to a comprehensive software platform supporting over $15B in assets. Kohli discusses the innovative use of software and AI in managing venture capital operations, enhancing accuracy and efficiency. He also reveals the impact of generative AI on the industry and how automation tools streamline complex workflows, reshaping investor experiences and enabling greater flexibility for founders.
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AngelList's Impact
- David Rosenthal shares how AngelList transformed his investing career.
- He raised $30M+, invested in ~100 companies, and became an AngelList investor.
Adverse Selection Challenge
- AngelList, initially an email list connecting startups with angels, faced adverse selection.
- High-quality startups were harder to find as more people sought funding.
Syndicates as a Solution
- Syndicates on AngelList emerged as a solution to adverse selection.
- GPs acted as quality filters, curating deals for their LPs.