Mar 2, 2022
The Promise of Angel-Scale Biotech: Learn More
SPVs (Special Purpose Vehicles) are democratizing startup investing. In this interview with Jeremy Neilson, founder of Assure.co, we discussed how founders and angels can benefit from these increasingly economical platforms and what they mean for the future.
Highlights:
- Sal Daher Introduces Jeremy Neilson Co-Founder of Assure.co
- Sal and Jeremy Met at an Event Held by Jason Calacanis in 2019
- “...the engine of a large number of groups that do angel investing.”
- Use Cases for SPVs (Special Purpose Vehicles)
- It Used to Be Very Pricey to Set Up and SPV – No Longer
- A Way for Angels to Increase the Diversity of their Portfolio
- co Is helping Democratize Investing in Private Assets
- co Focuses on Accredited Investors – Does Not Do Equity Crowdfunding
- The Founding Story of Assure.co
- “...AngelList called my co-founder, Katie, and I and said, "Can you guys figure out how to do funds in bulk?"”
- Sal Daher Advises People Not to Make the Mistake He Made in Creating His Own SPVs – A Lot of Work!
- “He's the pope of angel investing podcasts. I'm just a cardinal, or perhaps a bishop.”
- Biotech Too Is Being Democratized
- “...we're seeing in the ecosystem is a very large shift away from thinking strictly financial.”
- “No longer is it a very small niche of uberwealthy or venture funds, now it's the entire ecosystem of accredited investors now have the opportunity to participate.”
- io and Curesology
- “We have seen clients come and say, "I want to donate my carry to a good cause."”
- “Carta, AngelList, Assure.co were those three that got started all together back about eight, nine years ago.”
- Cheaper SPVs Are Helping to Give Access to More Diverse Founders by Broadening the Reach of Investors
- Sal Compares Two Robotic Glove Startups Three Decades Apart to Demonstrate How Much the Startup Ecosystem Has Developed
- “Her life is going to be so much easier in starting that company than it was for Chrissy Glover’s starting Imago Rehab [today] and way, way easier than Beth Marcus’ starting EXOS back in the early '90s.”
- “Assure.co is helping to lower the dead weight of a startup rocket that's trying to reach escape velocity.”
- Wisdom from Waseem Daher of Pilot.com on Angels & Cap Tables
- SPV Pricing at Assure.co
- co Powers Jason’s Syndicates, EquityZen and Forge Among Many
Sponsored by Purdue University entrepreneurship and Peter Fasse, patent attorney at Fish & Richardson
Topics: discovering entrepreneurship, fin tech, angel investing strategies