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

Angel investor · Stanford, United States

Avichal Garg.

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 PATTERN2010–2026
53%

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

First investment stage across 15 companies6 Seed, 2 Angel and 7 other-stage entries. Each dot represents one company.
Seed 6Angel 2Other 7

One dot = one company at first recorded investment.

15 companies · 15 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 20 Dec 2024
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

Avichal Garg has dated investments in 15 companies. 8 first entries were at Angel, Pre-Seed or Seed (53.3%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

1 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2024-12-20. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

6 of 14 companies with a full 24-month observation window raised another equity round. This investor backed 0 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

FinTech is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 11 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
$2.5M–$10M

The middle half of entry rounds

25th–75th percentile across 15 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
1companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
43%

Another equity round within 24 months

6 of 14 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
0%

This investor invested again within 24 months

0 of the same 14 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.

15matching companies
$4.3Mmedian first round (15 disclosed)
1first backed in last 24 months

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

Series A

Bluenote AI ↗

Platform offering job listings within the fashion industry

$10M total first round
Series A

Key ↗

AI powered community and events app for purpose management

$4.3M total first round
Series A

OpenSea ↗

Blockchain-based web3 marketplace

$23M 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.
SectorAngelSeedSeries AAll stages
FinTech6
Blockchain in Financial Services4
Web 3.04
Investment Tech3
Commerce Enablers3
Cryptocurrencies3
HealthTech2
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
Angel2 disclosed
$1.1M$1.1M–$1.2M
Seed6 disclosed
$3.0M$2.3M–$3.8M
Series A7 disclosed
$10M$8.0M–$11M
$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.

14
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
42.9%
6 of 14 companies

Backed again by this investor

A subset of the companies above
0%
0 of 14 companies
i

Includes first investments on or before 22 May 2024. 1 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
Angel21 / 20 / 2
Seed62 / 60 / 6
Series A63 / 60 / 6
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.

01
ANGEL

Elad Gil ↗

6 shared rounds · 6 companies

Latest shared round Dec 2024
03
FIRM

General Catalyst

3 shared rounds · 3 companies

Latest shared round Oct 2020
04
FIRM

Hustle Fund

3 shared rounds · 3 companies

Latest shared round Oct 2020
05
FIRM

Blockchain Capital

2 shared rounds · 2 companies

Latest shared round Mar 2021
06
FIRM

Caffeinated Capital

2 shared rounds · 2 companies

Latest shared round Oct 2020

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.

15 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Bluenote AI ↗San Francisco
Dec 2024Series A$10MNo later round recorded
Key ↗Palo Alto
Mar 2024Series A$4.3MNo later round recorded
OpenSea ↗New York City
Mar 2021Series A$23MNo later round recorded
Pulley ↗Mountain View
Oct 2020Series A$10MNo later round recorded
Lightning Labs ↗San Francisco
Feb 2020Series A$10MNo later round recorded
Cloosiv ↗Charlotte
Oct 2019Angel$1.0MNo later round recorded
Distru ↗Oakland
Jun 2019Seed$3.0MNo later round recorded
Matic ↗Mountain View
Jun 2019Seed$5.6MNo later round recorded
DIRT Protocol ↗Mountain View
Jul 2018Seed$3.0MNo later round recorded
Rare Bits ↗San Francisco
Apr 2018Series A$6.0MNo later round recorded
Feb 2018Series A$12MNo later round recorded
Bitwise ↗San Francisco
Oct 2017Seed$4.0MNo later round recorded
Setter ↗Toronto
Jun 2017Seed$2.0MNo later round recorded
Pachyderm ↗San Francisco
Jun 2015Seed$2.0MNo later round recorded
Optimizely ↗San Francisco
Nov 2010Angel$1.2MNo later round recorded
0 more companies have undated investments

Kept in the 15-company portfolio; excluded from entry-timing calculations.

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