Dia01 02 keynote_Joshua_Slayton_angellist_The Angelist Way
AngelList is a platform for startups.
We help startups fundraise, recruit, network and
$500M invested oﬄine (estimate)
$83M invested online (launched 2013)
600K applications to incubators
290K intros between talent and startups
127K registered startups
11M API requests a day
AngelList is a single platform supporting multiple
What is AngelList?
Syndicates, Talent, Incubators
User Proﬁles Company Proﬁles
Private Messaging Search
Funding Data Press Data Tag
Taxonomies “Signal” Rankings
References Q&A Updates Follow
Graph Connection Graph Intros
Sweat the Plumbing
Start with community and customers
Build a platform to serve their needs
Build plumbing early, while you’re young
Exponentially harder to build plumbing later on
Good plumbing means massive leverage
–Babak Nivi, AngelList cofounder*
“Specialization is for insects.”
*actually, a Robert Heinlein quote
Inbound deal processing
Deal closing operations
With great power comes great responsibility.
People who are not self-aware or have no humility
must be let go.
People who do not want to take on so much
responsibility must also be let go.
Wear Many Hats
Top talent loves the “founder”-like responsibility
Let people choose their own path
Let them fail, at least once
Don’t get “too many cooks in the kitchen”
Enforce self-awareness and humility
Attempt to replace lawyers. Too
complex. Boondoggle project.
Market didn’t want it. Lawyers
didn’t want it.
Not well thought out. Damaged
our brand. Internal issues
establishing a strategy. Axed after
AngelList is a high-stress environment
You’re completely responsible for your decisions
Move fast, be bold, expect failure
Failure is okay, repeated failure is not
Resiliency is the sign of a great team
Salaries and Equity
AngelList pays above the
market rate for talent, in
both salary and equity.
We care about how
productive each member
is, not how many
members we have.
oﬃce space, health insurance,
catered meals, commute
reimbursement, in-oﬃce massage
quarterly nearby oﬀsites, annual
overseas oﬀsite, lax scheduling
requirements, remote okay
Playa del Carmen
Cabo San Lucas
Above-market salaries and equity grants
All the standard perks and then some
Regular oﬀsites build camaraderie and memories
Best perk is working with top quality people
And having an awesome mission
Top talent wants culture more than anything
The most diﬃcult work of a company is establishing
a culture, and building a team.
AngelList’s greatest accomplishment is that we’ve
herded so many intelligent people, and big egos,
into one unit.
A great team is deﬁned by how it overcomes
adversity, not how it celebrates success.