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

Angel investor · San Francisco, United States

Erik Blachford.

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 PATTERN2007–2026
39%

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

First investment stage across 13 companies5 Seed, 0 Angel and 8 other-stage entries. Each dot represents one company.
Seed 5Angel 0Other 8

One dot = one company at first recorded investment.

13 companies · 15 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 05 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

Erik Blachford has dated investments in 13 companies. 5 first entries were at Angel, Pre-Seed or Seed (38.5%). 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

2 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2026-02-05. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

4 of 11 companies with a full 24-month observation window raised another equity round. This investor backed 1 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

Online Travel is the largest displayed sector by company count, appearing in 7 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 5 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
$3.4M–$12M

The middle half of entry rounds

25th–75th percentile across 11 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
2companies

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
36%

Another equity round within 24 months

4 of 11 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
9%

This investor invested again within 24 months

1 of the same 11 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.

13matching companies
$5.4Mmedian first round (11 disclosed)
2first backed in last 24 months

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

Series A

Wheel the World ↗

Online platform for booking tours and activities

$3.5M total first round
Seed

Otto ↗

Provider of an AI-powered platform for managing and booking business travel

$6.0M total first round
Seed

CANOPY ↗

Provider of serviced offices

$2.0M 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
Online Travel7
B2C E-Commerce5
Online Travel Agencies4
Tours & Activities2
Assistive Tech1
HealthTech1
Artificial Intelligence1
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
Seed4 disclosed
$5.2M$4.3M–$5.6M
Series A3 disclosed
$3.3M$2.9M–$3.4M
Series B3 disclosed
$15M$13M–$25M
$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.

11
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
36.4%
4 of 11 companies

Backed again by this investor

A subset of the companies above
9.1%
1 of 11 companies
i

Includes first investments on or before 22 May 2024. 2 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
Seed41 / 40 / 4
Series A32 / 31 / 3
Series B31 / 30 / 3
Series C10 / 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.

01
FIRM

Madrona Venture Group

4 shared rounds · 4 companies

Latest shared round Jun 2024
04
FIRM

Crosscut Ventures

2 shared rounds · 2 companies

Latest shared round Sep 2018
05
ANGEL

Greg Schwartz

2 shared rounds · 2 companies

Latest shared round Sep 2018
06
FIRM

Narrative Fund

2 shared rounds · 2 companies

Latest shared round Jun 2013

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.

13 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Feb 2026Series A$3.5MNo later round recorded
Otto ↗Seattle
Jun 2024Seed$6.0MNo later round recorded
CANOPY ↗San Francisco
Jun 2019Seed$2.0MNo later round recorded
Sep 2018Seed$5.0MNo later round recorded
Sep 2018Seed$5.4MNo later round recorded
Busbud ↗Montreal
Jan 2018Series B$11MNo later round recorded
Uplift ↗Sunnyvale
Dec 2017Series B$15MNo later round recorded
Tripping ↗San Francisco
May 2014Series AUndisclosedYes · Jul 2015
Jun 2013SeedUndisclosedNo later round recorded
Bloomspot ↗San Francisco
Aug 2011Series B$35MNo later round recorded
HotelTonight ↗San Francisco
May 2011Series A$3.3MNo later round recorded
Feb 2007Series A$2.6MNo later round recorded
Jan 2007Series C$12MNo later round recorded
0 more companies have undated investments

Kept in the 13-company portfolio; excluded from entry-timing calculations.

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