Gil Penchina, “4x Entrepreneur, 100x Angel, 5x Unicorns,” shares unique insights on how savvy investors make money through exits at the H/F Liquidity Conference. Gil has invested in multiple billion-dollar companies like LinkedIn and PayPal, he and Jonathan had a long talk about how investors make money and ways investors can improve their financial outcomes.
Using Linkedin to find Angel Investors
Background: 80% of angel investors are local to investee.
Use Linkedin's Advanced Search function, using the expressions "Angel" as a Title and the Zipcode for the center of a 100mi radius search in the Within field.
Most angel investors use the term angel in their Title (Ie the top level description of their activities). So the output will be a starting point not just for individual investors, but by delving into theor profiles, often the names of Angel Investor Groups of which they are members.
When investors make a liquidation preference a condition for investing in a startup, they do it in order to claim their part of the profits first. But later-stage investors can demand liquidation preferences that ensure that they get paid before earlier investors, too. It’s kind of like a layer cake.