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Paige Craig on syndicate investing, “We could put together $1m in a day or two.”

Paige Craig on syndicate investing, “We could put together $1m in a day or two.”

FromYour First Million


Paige Craig on syndicate investing, “We could put together $1m in a day or two.”

FromYour First Million

ratings:
Length:
42 minutes
Released:
Jun 28, 2020
Format:
Podcast episode

Description

Paige Craig is one of the most well-respected angel investors in the game, but he didn’t start his career in the finance world. After serving in the U.S. Marine Corps, he started his own military intelligence company and sold it in 2009. Since then, he’s been at the top of the leader boards on AngelList, pulling together funds for a variety of startups like Lyft, Twitter, and Postmates.
Paige shares some great insights on how syndicate investing works. We talk about his experience with investing, how he built his network, and the risks you should anticipate when investing with Backstage Crowd (or any other syndicate).
If you want to get involved, visit backstagecrowd.com.

Highlights

5:46 Paige tells his story about growing up homeless, and then joining the U.S. Marine Corps

10:02 I ask him about the early investments he made in some of today’s notable tech giants

12:39 He tells me how AngelList came to be and what early syndicates looked like

14:55 He talks about why he loves investing in tech

18:08 I ask Paige to explain how his syndicate worked and what people need to know about the investment process

24:07 We talk about some of the biggest syndicates he organized

28:20 I ask how his syndicate members react to investment losses

31:07 What is the right percentage of someone’s net worth that they should be putting into investments?

34:00 We talk about what we enjoy about contributing to a fund and being part of a syndicate

37:06 Paige believes diversity makes competition better


Links
Twitter: @paigecraig
For founders in the South: Outlanderlabs.com

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Send in a voice message: https://anchor.fm/yfm/message
Released:
Jun 28, 2020
Format:
Podcast episode

Titles in the series (100)

A podcast by Arlan Hamilton that goes behind-the-scenes and teaches you how to make your first million dollars, get your first million downloads, or find your first million customers. Arlan is the Founder and Managing Partner of Backstage Capital, has raised more than $10M, and has invested in over 100 companies led by people of color, women, and/or LGBTQ.