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

Angel investor · Big Sky, United States

Chris Sacca.

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 PATTERN2009–2026
36%

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

First investment stage across 14 companies3 Seed, 2 Angel and 9 other-stage entries. Each dot represents one company.
Seed 3Angel 2Other 9

One dot = one company at first recorded investment.

14 companies · 14 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Oct 2021
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

Chris Sacca has dated investments in 14 companies. 5 first entries were at Angel, Pre-Seed or Seed (35.7%). 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

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2021-10-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

8 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

Food Tech is the largest displayed sector by company count, appearing in 3 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 7 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
$1.2M–$8.4M

The middle half of entry rounds

25th–75th percentile across 13 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
0companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
57%

Another equity round within 24 months

8 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.

14matching companies
$6.0Mmedian first round (13 disclosed)
0first backed in last 24 months

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

Series B

Cover Technologies ↗

Custom backyard home installation and designing company

$60M total first round
Series B

SIMULATE ↗

Brand of chicken nugget

$50M total first round
Series A

Testcode ↗

Provider of IT services

$7.5M 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
Food Tech3
Commerce Enablers2
E-Commerce Enablers2
E-Commerce SaaS2
Retail SaaS2
Social Platforms2
Construction Tech1
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
$1.0M$900K–$1.1M
Seed2 disclosed
$1.9M$1.5M–$2.4M
Series A6 disclosed
$6.8M$5.6M–$7.5M
$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
57.1%
8 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. 0 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
Angel22 / 20 / 2
Seed33 / 30 / 3
Series A63 / 60 / 6
Series B30 / 30 / 3
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

Ron Conway ↗

4 shared rounds · 4 companies

Latest shared round Jan 2014
02
FIRM

Greylock

3 shared rounds · 3 companies

Latest shared round Jan 2014
03
FIRM

500 Global

2 shared rounds · 2 companies

Latest shared round Apr 2013
04
ANGEL

Crystal Sacca

2 shared rounds · 2 companies

Latest shared round Jun 2021
05
FIRM

First Round Capital

2 shared rounds · 2 companies

Latest shared round Jul 2012
06
FIRM

Founders Fund

2 shared rounds · 2 companies

Latest shared round Oct 2021

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.

14 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Oct 2021Series B$60MNo later round recorded
SIMULATE ↗New York City
Jun 2021Series B$50MNo later round recorded
Testcode ↗Brooklyn
May 2021Series A$7.5MNo later round recorded
Oct 2020Series A$6.0MNo later round recorded
Reserve ↗New York City
Jul 2014SeedUndisclosedNo later round recorded
Medium ↗San Francisco
Jan 2014Series A$25MNo later round recorded
Chewse ↗San Francisco
Apr 2013Seed$1.0MNo later round recorded
9GAG ↗Hong Kong
Jul 2012Seed$2.8MNo later round recorded
RecordSetter
Sep 2011Series A$1.0MNo later round recorded
Docker ↗Palo Alto
Feb 2011Angel$800KNo later round recorded
Optimizely ↗San Francisco
Nov 2010Angel$1.2MNo later round recorded
Upserve ↗Providence
May 2010Series A$7.5MNo later round recorded
Lookout ↗San Francisco
Dec 2009Series A$5.5MNo later round recorded
Dec 2009Series B$8.4MNo later round recorded
0 more companies have undated investments

Kept in the 14-company portfolio; excluded from entry-timing calculations.

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