I'm a Venture Partner for Asymmetry Ventures and also manage the affiliated Rob Ness Syndicate. I was formerly the co-chair of the Digital Entertainment and Media group at the Band of Angels, Founding Partner in the DVC syndicate, and advisor to Day One Syndicate.
I focus on large existing markets and long-term defensibility. Sectors of interest include biotech, energy, materials, space, fintech, proptech, supply chain, health care, and B2B SaaS, as well as horizontal technologies such as robotics and AI.
3 YEAR PERSONAL INVESTING TRACK RECORD (2018-2020) as of July 2024:
- Total invested: over $1.3M across 100+ companies
- 2018 net TVPI and IRR: 1.5, 8%
- 2019 net TVPI and IRR: 2.2, 18%
- 2020 net TVPI and IRR: 4.1, 44%
TOTALS: 2.6 net TVPI, 22% IRR
Note: This only includes returns on my own personal capital through direct angel investments or third party syndicates. Fiscal year is Q2 through Q1 of the following year. TVPI and IRR are net of fees and carry. Markups are measured from post-money of the initial round to pre-money of the last priced round, with fees, carry and dilution taken into account.
Key angel investments (*exit*): *Redfin* (IPO at 120X MOIC), *Accept* (acq. by Homelight), *Agreemint* (acq. by ISG), AvantStay (9X TVPI), Axiom Space (Series A --> Unicorn), *Billpocket* (acq. by Kushki Pagos), Carta, *Clearbit* (acq. by HubSpot), Chipper Cash (21X TVPI), Clicoh (15X TVPI), *Drop Party* (acq. by Flexa), Flexport, *Gabi Insurance* (acq. by Experian), *Grove Collaborative* (SPAC), *Hypoint* (acq. by ZeroAvia), *Interprime* (acq. by Rho), Jeeves (90X TVPI), Jumbotail, Kernal Bio, Kushki Pagos (9X TVPI), *Leagueside* (acq. by TeamSnap), One Finance* (acq. by Hazel), Parsable, *Properly* (acq. by Compass / Pine Financial), *Repeat.gg* (acq. by Sony PlayStation), Spenmo (18X TVPI), Volumetric* (acq. by 3D Systems) and *Yassir* (15X MOIC secondary).
AngelList SPVs: From 2021-2022, I ran SPVs that raised $15M for 75 companies on this syndicate and Rob Ness Syndicate. As of July 2024, they sit at the bottom of the J-curve at a 1.3 TVPI. Key deals on Rob Ness Syndicate include:
Kernal Bio (designer mRNA therapeutics), Volopay (corporate credit cards for Southeast Asia), Endiatx (telehealth pill-sized robot), Array Labs (3D satellite imagery), Pipedream Labs (underground delivery logistics), Wave Engine (a new jet engine with no moving parts), Priyoshop (B2B marketplace for Bangladesh SMB), Lal10 (Faire meets Shopify for India), Inhalon Biopharma (inhaled antibodies for acute respiratory infections), Genomelink (app store for your genome data), Cytoreason (cell-level models for drug discovery), Enlightra (lasers for data transfer), SFA Therapeutics (cures for autoimmune disorders), Quaise Energy (tapping geothermal energy), Earthgrid PBC (rebuilding infrastructure using plasma to dig tunnels), Posh Robotics (EV battery recycling with robots), Earth AI (machine learning to find rare earth deposits), Heimdal (trapping CO2 in concrete and glass),unspun (3D-printed jeans), iMicrobes (programmable microbes that eat methane), Quantum Designed Materials (room-temperature superconductors), Leia (glasses-free 3D), Yodo1 (mobile gaming ad and monetization platform), Slingshot Aerospace (satellite collision avoidance), Swan Bitcoin (Bitcoin savings), Clear Gene (PCR 2.0), Clicoh (fulfilled by Amazon for LATAM), QuSecure (post-quantum cryptography).
Career background: PM on first online radio subscription @MusicMatch, lead BD on first online live TV subscription @PlayStation, founded recording studio and record label (Wax Orchard), early consultant @Redfin. Also worked at Amazon, Microsoft, Intel, PlayStation, and Roku.
Most of my dealflow is hosted on the Rob Ness syndicate, and I will co-syndicate those deals from here. However, there will be pro rata deals on this syndicate, as well as some high conviction deals that cannot be run on the Rob Ness syndicate for various reasons.
