Ramtin Naimi

If AngelList sources the capital, which in my case they did in every single deal, they get 5%, I get 15.

Still a great deal.

It's a fantastic deal.

Zero and 15 on every single one of those deals.

And then I got so excited and so jacked up by this, I got so active that I ended up for a brief period of time, I think for a six-month window, I was one-third of all the volume on AngelList.

Ha ha!

And it was fantastic.

But the cool thing about it was when I had stopped doing deals on AngelList and decided to raise my fund, a bunch of the syndicate investors who were actively supporting my, like, what happened?

Your deals are under the platform.

I'm starting a fund.

And those guys all became LPs as well.

It even helped establish the platform for me to raise a fund with.

But then also not every single founder in the world wanted LPs.

SPVs.

There's a public nature to that.

I didn't want to be limited by the ability to invest in companies.

So at one point, Lightspeed invited me to be a scout for them.

I put half my scout fund into the seed round of Rippling.

So that worked out well.

I was working a job at Core Innovation Capital.