AngelList Has Transformed Seed Investing - Are Recruiters and Job Boards Next?
People have wanted to dismiss the potential of AngelList ever since it launched. At first, people said only loser companies would want to share data and telegraph fundraising plans so publicly. Then VCs said they’d never invest in something that didn’t come through traditional channels. Other VCs said they’d never do something as banal as leaving “comments” on a company’s profile. They’d have those conversations privately or not at all.
But the AngelList juggernaut has steamrolled right through those objections. And now, it’s not even just about seed deals. The author recently wrote about the first large Series A completed on the site, when Rally raised a remarkable $7.9 million round.