I'm a Venture Partner for Asymmetry Ventures, and the co-chair of the Digital Entertainment and Media group at the Band of Angels. I was earlier a Founding Partner in the DVC syndicate, and advisor to Day One Syndicate.
I'm agnostic to stage, sector and location, and I diversify across those dimensions. I prefer execution risk to market risk, and sectors with massive TAM such as real estate, supply chain, health care, B2B SaaS, biotech, energy and fintech.
3 YEAR PERSONAL INVESTING TRACK RECORD (2018-2020) as of July 2023:
- Total invested: over $1M across 100+ companies
- 2018 net TVPI and IRR: 2.1, 16%
- 2019 net TVPI and IRR: 2.4, 25%
- 2020 net TVPI and IRR: 4.9, 73%
TOTALS: 3.1 net TVPI, 34% IRR
Note: This only includes returns on my own personal capital through direct angel investments or third party syndicates. Fiscal year is Q2 through Q1 of the following year. TVPI and IRR are net of fees and carry. Markups are measured from post-money of the last round to pre-money of the current round, with fees, carry and dilution taken into account.
Key investments (*exit): Redfin* (IPO at 120X DPI), Accept* (acq. by Homelight), Agreemint* (acq. by ISG), AvantStay, Axiom Space, Billpocket* (acq. by Kushki Pagos), Blokable, Bolt Financial, Carta, Clearbit, Chipper Cash (12X TVPI), Clicoh (15X TVPI), Drop Party* (acq. by Flexa), Farmstead, Flexport, Gabi Insurance* (acq. by Experian), Grove Collaborative* (SPAC), Hypoint* (acq. by ZeroAvia), Interprime* (acq. by Rho), Jeeves (90X TVPI), Jumbotail, Kernal Bio, Kushki Pagos* (secondary), Leagueside* (acq. by TeamSnap), 99 Minutos, NorthOne, One Finance* (acq. by Hazel), Parsable, Repeat.gg* (acq. by Sony PlayStation), Spenmo, Umbra Labs, Volumetric* (acq. by 3D Systems) and Yassir* (15X DPI secondary). See my AngelList profile for more: https://angel.co/daniel-gould-1
Syndications with Rob Ness / Asymmetry Ventures: In 2021 and 2022, I ran 59 deals for 54 companies for Asymmetry Ventures, which raised $11.7M:
Kernal Bio (designer mRNA therapeutics), Volopay (corporate credit cards for Southeast Asia), Stownest (Indian self-storage network), Fonbnk (converts mobile airtime to crypto in Africa), Flux Auto (self driving trucks and forklifts for businesses), Rescan (ultrafast 3D scanning of commercial spaces), Nectar (Pipe for real estate), Rent SmallSmall (African rental marketplace), Endiatx (telehealth pill-sized robot), Caire Health (ML-powered brain bleed diagnostics), Array Labs (3D satellite imagery), Pipedream Labs (underground delivery logistics), Wave Engine (a new jet engine with no moving parts), Veeve (retail smart carts and store OS), HQV (hydrogen production with carbon byproducts), Priyoshop (B2B marketplace for Bangladesh SMB), Sigma Genetics (magnetic fields to deliver genetic therapies), Lal10 (Faire meets Shopify for India), WeLoveNoCode (B2B hiring marketplace for no-code devs), Boitas (SYSCO for LATAM), Ligandal (synthetic peptides for gene therapy vectors), Inhalon Biopharma (inhaled antibodies for acute respiratory infections), Genomelink (app store for your genome data), Swiftshift (managed marketplace for nursing teams), Cytoreason (cell-level models for drug discovery), Enlightra (lasers for data transfer), Enter.health (Stripe for healthcare payment system), Promakhos (curing inflammatory diseases using the innate immune system), SFA Therapeutics (cures for autoimmune disorders), Pirouette Medical (reinventing the needle), Quaise Energy (tapping geothermal energy), Earthgrid PBC (rebuilding infrastructure using plasma to dig tunnels), Posh Robotics (EV battery recycling with robots), Earth AI (machine learning to find rare earth deposits), Volato (fractional jet ownership with P2P rental), Boundary Layer Technologies (hydrogen-powered hydroplanes), BERKM (new bottles with less plastic), Heimdal (trapping CO2 in concrete and glass), HILOS (B2B - recyclable shoes), unspun (3D-printed jeans), iMicrobes (programmable microbes that eat methane), Rito (robotic hot food vending machines), Quantum Designed Materials (room-temperature superconductors), Lootlocker (Shopify for indie game developers), ODWEN (marketplace for Indian warehouses), Obtainly (formerly Suplias - Nigerian B2B e-commerce sales/financing), Leia (glasses-free 3D), Yodo1 (mobile gaming ad and monetization platform), Oncoxome (exosomes for cancer therapeutics), Slingshot Aerospace (satellite collision avoidance), Swan Bitcoin (Bitcoin savings), Clear Gene (PCR 2.0), Clicoh (fulfilled by Amazon for LATAM), QuSecure (post-quantum cryptography).
Career background: PM on first online radio subscription @MusicMatch, lead BD on first online live TV subscription @PlayStation, founded recording studio and record label (Wax Orchard), early consultant @Redfin. Also worked at Amazon, Microsoft, Intel, PlayStation, and Roku.
Most of my dealflow is hosted on the Rob Ness syndicate, and I will co-syndicate those deals from here. However, there will be pro rata deals on this syndicate, as well as some high conviction deals that cannot be run on the Rob Ness syndicate for various reasons.