Angel investing: How investors can back the next unicorn start-up by joining an investing club

A decade ago, much of Australia’s start-up investing scene revolved around regular Thursday night pub meet-ups in Sydney, including one at the Cricketers Arms Hotel in Surry Hills, where tech incubator Startmate was dreamed up over drinks.

“It’s hard, but fantastic when it works,” Jones says of angel investing. “The cheque size is down by a factor of 10, deals can get done in two weeks when it used to be three to six months, and you get an inspiring, motivating experience. He agrees angel investing is much more accessible than in the past. “People think you still need to write $50,000 cheques minimum or more, but the reality now is most write $10,000 to $15,000.

Typically, a start-up will raise between $200,000 to $600,000 from an angel investment syndicate of 20 to 30 investors for a stake between 10 per cent and 15 per cent on a valuation between $3 million to $4 million., says it supports about 20 to 50 angel investment groups and funds across 1500 unique investors who must meet the wholesale or sophisticated investor test.

“There’s nothing wrong with going to the Nasdaq or ASX and buying public tech companies,” he says. “But the uplift if you invest before initial public offers can be absolutely extraordinary and the way to find deals is through a network.”

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