AngelTalks and Partners is a venture capital syndicate fund that provides investments to late-stage American technology companies, typically 1-2 years prior to their initial public offering (IPO).

Nominee for the "Venture Investment Promoter" award from Forbes Club and Angels Deck venture club.

Encouraging investor participation in venture investments

We invest in pre-ipo deals

2.5 years

Deals

9

Invested in general

Investors in our fund

$15 mln

400

Investment focus

80%

15%

5%

US

AI, Fintech, Cryptocurrency/Blockchain, B2B Saas, Edutech, SpaceTech

Europe

Global

GEO

INDUSTRIES

from
$1 billion

Late Stage (C, D, E+, Pre-IPO)

VALUATION

STAGES

Current Deals

Discord is a platform for instant messaging, voice calls, streaming broadcasts, and other types of media file sharing

ARK Invest, Arcane Group, Flat Capital, Tencent, Sony, Dragoneer Investment Group,
Index Ventures, Franklin Templeton, Fidelity Investments, Accel

Investors:

США

Communications

Gaming

Communities

How do we operate?

AngelTalks and Partners is a venture capital syndicate fund that provides investments to late-stage American technology companies, usually 1-2 years prior to their initial public offering (IPO).

To comprehend the functioning of the fund, it is essential to grasp the concepts of venture investments, and syndicates, and gain an understanding of the stages of startup development and financing.

Venture investments —

Companies at early stages often go bankrupt within the first few years of their existence

Only 1 out of 250 companies goes bankrupt at later stages

95%+

1 of 250

This involves investing in fast-growing private companies (startups) at both early and late stages of development.

Venture investments often refer to investments in startups specifically during their early stages when the project is still seeking ways to establish itself. Such investments are highly risky, with over 95% of companies going bankrupt within their first few years.

Our fund’s strategy is to invest in late-stage companies (s+) with valuations above $1 billion.

Phases of startup growth

Venture capitalists associate the growth stages of a startup with different funding rounds.

Below you will also see at what stage we invest

The initial phase, is characterized by founders having just an idea and possibly a small team. Financial resources are required to develop the minimum viable product (MVP).

Having reached this stage, the startup has validated its Product Market Fit and now requires funding for scaling up.

At this stage, the startup has developed an MVP. It is possible that new individuals have joined the team. Funding is necessary to validate hypotheses.

At these stages, the company matures and requires funds to capture new markets and ventures, as well as for acquiring other startups to achieve synergistic effects.

The desired phase for founders and investors from previous rounds. It is the point where they can realize their gains.

FFF (Family, Friend, Fools)
Angel investors
Accelerators and incubators

Funds
Syndicates

Angel investors
Early-stage funds
Syndicates
Accelerators

Big funds
Syndicates

During an IPO:
Retail investors
Hedge funds
During M&A:
Large corporations

Maximum risk and enormous potential profit (0-1000+ times return)

Medium-high risk and slightly lower potential profit (0-300+ times return)

High risk and significant potential profit (0-1000+ times return)

Low risk and moderate potential return (2-10+ times profit).

Low risk and low profit (20%-100%).

Pre-SEED

Round A

SEED

Late Stage (Rounds B, C, D, E+)

(IPO/M&A)

Late Stage

Exit

Investors:

Investors:

Investors:

Investors:

Investors:

Risk/Reward

Risk/Reward

Risk/Reward

Risk/Reward

Risk/Reward

We invest here

$3 trillion/year

up to 3000%

The size of the secondary market for stocks of private companies.

The potential increase in value of shares in private companies.

From our perspective, the most suitable risk-reward combination lies in investing in companies at the late stages (Series C and beyond) with valuations surpassing $1 billion.

The difference between a traditional fund and a syndicate

What is “Syndicate”?

Мы подготовили серию писем, с помощью которой вы погрузитесь в мир венчурных инвестиций

Our fund operates using a syndicate model, wherein a collective of several private investors collaborates to acquire a specific asset (in our case, shares of private companies).

In a traditional fund, investors entrust their money to management and do not participate in deal selection. The investment horizon in such a format typically spans 6-8 years, and the minimum investment amounts range from a hundred thousand to several million dollars.

In a syndicate, however, investors make independent decisions on each fund deal and never commit funds in advance. The minimum investment amount for a deal starts from $5000, and the investment horizon ranges from 1 year to 3 years.

Подписаться на венчурную академию

The process of deal sourcing and execution

It all begins with our analysts compiling a shortlist of promising companies based on several criteria. We need to identify which companies are potentially ready to go public or raise a new round of investments within the next year or two.

There are three sources of information:

In the end, our analysts create a shortlist of companies whose stocks we will need to locate.

The most elusive source. Yet, the most accurate.

Certain company activities that can indirectly indicate their preparation for an IPO, M&A, or a new round of investments. For example: the company has hired a new CFO with a track record of guiding other companies through IPOs.

The least reliable source, but it shouldn't be disregarded. Various information about different companies circulates in the market one way or another. It can lead to further analysis.

At this stage, our objective is to find the sellers of stocks in the companies identified by our analysts. These sellers can include former or current employees, early-stage investors, and other individuals who have acquired these shares through various means.

To locate these individuals, we engage the assistance of scouts. These individuals, primarily based in Silicon Valley, specialize in scouting and aggregating potential sellers. Scouts receive a percentage of the successful transactions as compensation.

Once the sellers are identified, the negotiation process commences. The aim is to convince the sellers to sell their shares, preferably at a favorable price for our purposes.

Upon successful negotiation with a selle, we proceed to formalize the agreement through the signing of a contract.

Right of first refusal.

Once the seller agrees to sell us the shares, they are required to inform the company whose shares they are selling. Subsequently, the board of directors must make a decision regarding whether to approve the sale or exercise their option to repurchase the shares from the seller.

ROFR is exercised in 20-30% of cases.

After completing the ROFR process, we begin preparing the investment memorandum and document package for investors.

In the investment memorandum, we provide a description of the company and explain why we have chosen it for investment.

Once we have collected the required amount, we transfer the funds to the seller and receive a certificate stating that the company's shares are now held within our SPV.

In turn, we distribute a certificate to each investor confirming their ownership of a share in the SPV.

According to the law, we are required to hold the shares on the SPV's balance sheet for a minimum of one year. Afterward, we begin searching for an opportune moment to sell. This could be an IPO, M&A, or a new investment round.

Our fund's strategy is to sell the shares on the secondary market at the peak of the hype. Following the sale, we distribute the profits among the investors.

Seller search

Syndicate formation

ROFR process completion

Deal structuring

Stock acquisition

Exit

Insiders

Signals

Rumors

ROFR

Search for investment ideas

Commissions

Entrance fee. It covers administrative expenses, including lawyer fees and SPV maintenance costs.

Commission on exit from the net profit. Fund's profit.

5% Setup Fee

20% Carry

Fund's legal structure

We have established our fund in the state of Delaware, USA, under the organizational structure of a Series LLC (Series Limited Liability Company).

The main management company

The company responsible for creating SPVs - specialized entities.

Special purpose entities are created specifically for a transaction. They function as fully independent legal entities while being subordinate to the parent management company.

Angel Talks & Partners Management LLC

SPV 1

Angel Talks & Partners Master LLC

SPV 2

SPV 3

Documents signed by the investor

Transaction Risk Document

Contract for acquiring a share in an SPV

PRIVATE PLACEMENT MEMORANDUM

SUBSCRIPTION BOOKLET

SPV Bylaws. Describes how the company operates, what it can and cannot do

Invoice for the investment amount

OPERATING AGREEMENT

CAPITAL CALL

Certificate

Once the company's stocks are included in the SPV's balance sheet, every investor is issued a certificate confirming their ownership of "units" (shares) in the said SPV.

Team

Founder & Managing partner

Chief Operating Officer

Sergey Belyaev

Nikita Tseyvald

Venture partner

Ivan Lomakin

Venture partner

Roman Isaev

Legal Adviser

Ruslan Usmanov

Chief Marketing Officer

Avdeeva Angelina

Angel Talks Experts

Founder and Managing Partner of the venture company Mindrock Capital.

Angel Talks Episodes:

Former Venture Partner at Andreessen Horowitz (a16z). CEO and Founder of Vault12.

Max Skibinsky

Vladimir Smerkis is the Ex-Regional director at Binance, co-founder of the crypto fund platform Tokenbox, and the blockchain developer community Definition.

Vladimir Smerkis

IT entrepreneur with 10 years of experience, co-founder of the algorithmic solutions service for managing crypto assets on cryptocurrency exchanges, MarketMaking.pro, whose software is used on more than 20+ cryptocurrency exchanges.

Mikhail Fillipov

Entrepreneur, investor, financial and investment expert, founder of Weezi io, Berezka DAO, CryptoBazar fund, CB Capital.

Oleg Ivanov

Venture investor and serial tech entrepreneur. As a startup manager and producer, he has built a range of businesses, including "Netology," "Foxford," "Edmarket," "Digital Dolina," and "Jump bio."

Maxim Spiridonov

Founder and CEO of the international investment company IMPACT Capital with a capitalization of over $30 million, shares his life journey and reveals the secrets of effective investment strategies.

Valeriy Zolotukhin

Founder of the legal firm Buzko Krasnov, providing services in Russian and American law. Since 2016, the firm has been actively working with Russian and international clients in the field of cryptocurrencies. Among the firm's clients are global cryptocurrency exchanges from the top 5, DAOs, and NFT studios.

Roman Buzko

German Kaplun is the Director of Strategy and a shareholder of the British company TMT Investments; Co-founder of RBK.

German Kaplun

Entrepreneur, venture investor, and co-founder of the artificial intelligence startup Cherry Labs, which raised over $15 million in three investment rounds, and also aided over 50 entrepreneurs in securing funding rounds.

Nick Davidov

Former CEO of Intel Software, and currently the founder of the venture investor club Angelsdeck and a partner at the venture boutique SmarthubVC.

Igor Kaloshin

One of the most active business angels in Russia, entrepreneur, and also one of the founding fathers of the Angelsdeck club.

Sergey Dashkov

Angel Talks & Partners Management LLC