Angel University

Presented & hosted by:

san francisco

A one-day, six-hour course for individuals interested in becoming professional angel investors.
The curriculum is designed for angels who have done 0 to 100 angel investments and focuses on
five key topics: sourcing deals, evaluating startups, negotiating deals, portfolio and bankroll management,
and post-deal efforts.

Hosted by Jason Calacanis & the LAUNCH Partners.


Please note: this event is not designed for founders to raise money. Anyone pitching other attendees at the event will be asked to leave and will not have their tuition refunded.


July 16th, 2018

San Francisco, CA

Ticket Price: $700


FEBRUARY 5, 2018

8:30: Arrival

  • Registration, light breakfast, and meet classmates

9:00-9:45 Session 1: What kind of angel are you?

  • Hosts Jason Calacanis and Mike Savino: welcome, overview, agenda

  • "Are You Cut Out for This?" All the things to consider.

9:45-10:30 Session 2: Deal flow  

  • Where to Look? The Syndicate Hack, preliminary researchfounder characteristics, first meeting topics & red flags, early investment pitfalls

10:30-10:45 Break

10:45-11:30 Ed Roman, syndicate Q&A

  • How he built his brand deal flowdue diligence, questions to ask startupstracking companies, referring deals to other investors, portfolio construction theory

11:30-11:50 Working Exercise: founder/angel role play   

11:50-12:45 Lunch and networking

12:45-1:30 Session 3: Saying yes

  • Early stage diligence. How to do it, what to look for, and how much is too much. Deal memos, different types of investments, syndicates, important things to ask for, legal representation, tax implications, evaluating deals

1:30-2:15 Session 3b: Term Sheet Mechanics Carrie Kilber, WSGR

  • What to look for, avoiding mistakeshow to read a cap table, conversion scenarios

2:15-2:30 Break 2

2:30-3:15 Session 4: Adding value

  • Monitoring investments, incubators/accelerators, board seats, optimizing portfolio relationships, follow-on investments, pro-rata and exits, role of early angel investor in post-institutional capitalhelping founders negotiate M&A, IPOs, ICO, handling failures, raising funds

3:15-4:00 Ben Narassin, NEA Q&A

  • How he gets to a yes/due diligence process, what he sees his role post-investing

4:00-4:45 Q&A

4:45-5:00 Closing

5:00-5:30 cocktails

6:00 dinner