How many investment deals does Angel/VC typically do in a 5 year span 10-30 deals, and are you on the board for each investment?

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JASON LEMKIN

Everyone has different models. I’ll share mine in case it is helpful.

My goal is to do 10+5 investments over 30 months (per fund). 10 “major” investments that can “return the fund” (i hate this phrase, but it does matter) and 5 “minor” investments that I believe in but likely due to smaller ownership, cannot “return the fund”

I prefer the least number of board seats possible. If I am the largest investor, I take a board seat for fiduciary purposes.

If someone else follows my investment and is a larger investment, I am happy to step off the board if the founders want. Ideally, I leave boards as each startup passes $10m in ARR, but sometimes the companies do not raise more capital or for other reasons I need to stay on past that point.

So over 5 years, you can almost double that to 20+10 investments.

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Published on January 17, 2018
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