INVESTOR NOTES / 001ANGEL INVESTOR / Palo Alto, United States
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Palo Alto, United States

Adam D’Angelo.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2013–2026
57%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 21 companies12 Seed, 0 Angel and 9 other-stage entries. Each dot represents one company.
Seed 12Angel 0Other 9

One dot = one company at first recorded investment.

21 companies · 23 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 12 Feb 2026
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Adam D’Angelo has dated investments in 21 companies. 12 first entries were at Angel, Pre-Seed or Seed (57.1%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

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02

Separate activity from reputation

3 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2026-02-12. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

10 of 18 companies with a full 24-month observation window raised another equity round. This investor backed 2 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

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04

Use a specific point of relevance

Artificial Intelligence is the largest displayed sector by company count, appearing in 7 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 8 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

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01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$4.4M–$20M

The middle half of entry rounds

25th–75th percentile across 21 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
3companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
56%

Another equity round within 24 months

10 of 18 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
11%

This investor invested again within 24 months

2 of the same 18 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

21matching companies
$13Mmedian first round (21 disclosed)
3first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Series A

Simile ↗

Provider of an AI-driven simulation platform for understanding human behavior

$100M total first round
Series A

Console ↗

Developer of an AI platform for autonomous IT request resolution

$23M total first round
Seed

Lovable ↗

Developer of an AI platform for building applications and websites

$20M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorSeedSeries ASeries BAll stages
Artificial Intelligence7
AI as a Service3
Native AI in Software Development3
HRTech3
Agentic AI2
Agentic AI in Software Development2
Application Development Tools2
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Seed12 disclosed
$4.7M$2.9M–$13M
Series A5 disclosed
$16M$7.3M–$23M
Series B3 disclosed
$44M$32M–$44M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

18
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
55.6%
10 of 18 companies

Backed again by this investor

A subset of the companies above
11.1%
2 of 18 companies
i

Includes first investments on or before 22 May 2024. 3 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Seed115 / 111 / 11
Series A31 / 31 / 3
Series B33 / 30 / 3
Series D11 / 10 / 1
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

02
FIRM

Index Ventures

4 shared rounds · 4 companies

Latest shared round Feb 2026
03
FIRM

Felicis Ventures

3 shared rounds · 2 companies

Latest shared round May 2018
04
ANGEL

Mike Krieger ↗

3 shared rounds · 3 companies

Latest shared round Jul 2023
05
FIRM

SV Angel

3 shared rounds · 3 companies

Latest shared round Sep 2025
06
FIRM

Thrive Capital

3 shared rounds · 3 companies

Latest shared round Sep 2025

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

21 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Simile ↗Palo Alto
Feb 2026Series A$100MNo later round recorded
Console ↗San Francisco
Sep 2025Series A$23MNo later round recorded
Lovable ↗Stockholm
Jan 2025Seed$20MNo later round recorded
Codegen ↗San Francisco
Jul 2023Seed$16MNo later round recorded
Mar 2023Series B$44MNo later round recorded
Mar 2023Series B$44MNo later round recorded
GitStart ↗San Francisco
May 2022Seed$5.0MNo later round recorded
Locket Labs ↗Los Angeles
Apr 2022Seed$10MNo later round recorded
Scale AI ↗San Francisco
Dec 2020Series D$155MNo later round recorded
Turing ↗Palo Alto
Aug 2020Seed$14MYes · Nov 2020
Helm ↗Redwood City
Mar 2020Seed$13MNo later round recorded
Cue ↗San Francisco
Oct 2019Series A$7.3MNo later round recorded
BLADE ↗San Francisco
Aug 2019Seed$4.3MNo later round recorded
PlanetScale ↗Mountain View
Dec 2018Seed$3.0MNo later round recorded
RankScience ↗Spanish Fork
Oct 2018Seed$1.8MNo later round recorded
Apr 2017Series A$16MNo later round recorded
Jan 2017Seed$4.4MNo later round recorded
Sep 2016Series A$4.5MYes · May 2018
CodeSignal ↗San Francisco
Apr 2015Seed$2.4MNo later round recorded
Tapas ↗San Francisco
Aug 2013Seed$650KNo later round recorded
Mar 2013Series B$20MNo later round recorded
0 more companies have undated investments

Kept in the 21-company portfolio; excluded from entry-timing calculations.

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