Jaclyn Johnson
speaker
489 appearances
2 recordings
2 series
first heard Dec 2024
last heard 27 Apr
Jaclyn Johnson’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.
Appearances
writing my first checks into different female founded companies. And since I've grown my portfolio to 25 companies, so one of the companies that I invested in was a $10,000 check that, you know, early, early friends and family around and that company ended up becoming a unicorn, which again, not normal one in a billion chance.
So I want to say the valuation was $10 million, something around that. And so basically, the company actually didn't exit. I got a tender offer from investors. To buy your stock from you, even though there wasn't a sale of the business. Exactly.
So sometimes when companies are prepping for IPO, they'll do a tender offer where they'll be like, we're going to give you a good price for your shares because they think they're going to get... more, but it dilutes your risk, right? This was 2019 when that happened. And I ended up exiting for seven figures, which was amazing.
Super exciting. So that bought my second house in terms of the real estate. But I remember everyone being like, Creighton Cultivate must be doing so well. And I was like, no, I mean, yes, but this is actually from an angel investment. Yeah. So it was funny because I've had a few different exits now, not at that level. Thank goodness. Please bring it on. but not at that level.
But I, yeah, it's been really fun and really rewarding. And the way this sort of happened was I am like a well-known angel investor. So I get pitched all the time for investment, but I also do a lot of mentoring. I'm on intro and things like that. And all these founders are like,
need angel investors where are the angel investors and i like linkedin i don't know like i know people but it's this like insular world but the bet that we're taking at cherub is that there's actually a lot of angel investors out there that would invest they just aren't getting deal flow and so my co-founder angeline was that person she works at a yc back company that was acquired by a larger company and then went public three months later she had a great windfall did really well for herself and was like i would love to angel invest
But no one comes to me. So there was problems on both sides. So we're like, let's create something to solve this. So the way we're thinking about Cherub is the way I think Coinbase thought about crypto. Crypto, previous to Coinbase, really hard to find, really difficult to buy, hard to know what's right or what's good or what's bad.
And then Coinbase comes in and says, connect your PayPal and you can buy Bitcoin. Like even transaction mechanics. Exactly.
Exactly. It's complicated. There's a million different places you're storing stuff. You're on Doxzen, you're on Dropbox, you're on Carta. You're like, oh my God, this is crazy. So basically, that's how I see Cherub is really democratizing the angel investing process, making it really smooth, really easy, and also giving you the education for newer angels. So
One of our goals for the platform is to increase the TAM of first-time angel investors. So it's been really exciting. Of the $2 million, 40% was their first check, and these are accredited angel investors.
Yay!
Yeah.
Exactly.
It's super high risk. Yeah. Cherub is for everyone, men and women. Everyone always thinks it's just for women. But it is true. But actually, there's been a massive increase in women angel investing in the last five years, which is awesome. But yeah, it's inherently risky. But also buying crypto is inherently risky. Diversification is inherently risky. Yes, you can put money.
And I think diversification is the spice of life. You definitely want to be in the stock market. You definitely want to buy a house. You definitely want to do all the different things. You don't want to over index on anything, but you should diversify. And especially if you believe in a founder, you provide a specific expertise or value to that founder. They're more likely to be successful.
I love food and beverage. I do think there'll be a lot of like consolidation further down the line. My last investment I made was into intro, which is the platform where you can book people like us on the app. And really that was because I'm a user of the app. Like I'm on as an expert and I've had such a good experience with it. I've met so many amazing people. I truly believe in the product.
The founder's awesome. I just felt compelled to be an investor in their future.
AI, I think is like the big one. We have a lot of AI on the platform and they get a ton of investment. I think anything in terms of workflow, I think we're entering a new era of working from home, working remotely. Any tools that help with that side of the productivity, I think are doing extremely well.
You look at something like a Canva that just completely disrupted the graphic design space, the deck creation space. Unbelievable, right? So things like that, where you're taking something that actually can be made much better using tools like AI, I think that's a home run.
Yeah. Okay.
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