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

Angel investor · San Francisco, United States

Garry Tan.

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 PATTERN2011–2026
58%

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

First investment stage across 55 companies29 Seed, 3 Angel and 23 other-stage entries. Each dot represents one company.
Seed 29Angel 3Other 23

One dot = one company at first recorded investment.

55 companies · 58 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 07 Apr 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

Garry Tan has dated investments in 55 companies. 32 first entries were at Angel, Pre-Seed or Seed (58.2%). 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

13 first company relationships appear in the latest 24 months, compared with 12 in the preceding window. The latest recorded investment is 2026-04-07. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

24 of 42 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 8 portfolio companies; sector tags overlap. 4 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
$2.8M–$20M

The middle half of entry rounds

25th–75th percentile across 52 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
13companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 12 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
57%

Another equity round within 24 months

24 of 42 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
5%

This investor invested again within 24 months

2 of the same 42 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.

55matching companies
$5.3Mmedian first round (52 disclosed)
13first backed in last 24 months

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

Seed

Modus ↗

Provider of capital, technology, and growth initiatives for accounting firms

Undisclosed total first round
Series A

Monaco ↗

Provider of an AI platform for revenue generation and pipeline management

$25M total first round
Seed

Entire ↗

Developer of a tool for capturing AI agent sessions alongside code commits

$60M 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
Artificial Intelligence8
FinTech7
MarketingTech4
Application Development Tools4
AI as a Service4
Generative AI4
HealthTech4
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
$1.6M$1.3M–$1.8M
Seed27 disclosed
$3.5M$2.3M–$6.2M
Series A18 disclosed
$8.5M$5.1M–$16M
$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.

42
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
57.1%
24 of 42 companies

Backed again by this investor

A subset of the companies above
4.8%
2 of 42 companies
i

Includes first investments on or before 22 May 2024. 13 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
Angel31 / 30 / 3
Seed2110 / 211 / 21
Series A149 / 141 / 14
Series B33 / 30 / 3
Series C11 / 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

Y Combinator

12 shared rounds · 12 companies

Latest shared round Nov 2025
03
FIRM

Initialized Capital

9 shared rounds · 9 companies

Latest shared round Apr 2024
05
FIRM

SV Angel

7 shared rounds · 7 companies

Latest shared round Apr 2024
06
FIRM

a16z

7 shared rounds · 7 companies

Latest shared round Dec 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.

55 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Modus ↗New York City
Apr 2026SeedUndisclosedNo later round recorded
Monaco ↗San Francisco
Feb 2026Series A$25MNo later round recorded
Entire ↗Seattle
Feb 2026Seed$60MNo later round recorded
Oboe ↗New York City
Dec 2025Series A$16MNo later round recorded
Fifth Door ↗San Francisco
Nov 2025Seed$20MNo later round recorded
Wabi ↗San Francisco
Nov 2025Seed$20MNo later round recorded
Sep 2025Series A$13MNo later round recorded
Double ↗San Francisco
Dec 2024Seed$3.9MNo later round recorded
Yuma ↗Singapore
Sep 2024Series A$5.0MNo later round recorded
Aug 2024Seed$31MNo later round recorded
Aug 2024Seed$31MNo later round recorded
Mytra ↗Brisbane
Jul 2024Series B$50MNo later round recorded
bem ↗San Francisco
Jun 2024Seed$3.7MNo later round recorded
Rainmaker ↗El Segundo
May 2024Seed$6.3MYes · May 2025
Perplexity ↗San Francisco
Apr 2024Series C$63MNo later round recorded
Ellipsis ↗New York City
Apr 2024Seed$2.0MNo later round recorded
Beeper ↗Palo Alto
Apr 2024Series A$8.0MNo later round recorded
Mar 2024Seed$6.0MNo later round recorded
Aug 2023Seed$5.0MNo later round recorded
Aug 2023Seed$3.6MNo later round recorded
Giga AI ↗San Francisco
Aug 2023Seed$3.6MNo later round recorded
ResearchHub ↗Washington, Dc
Jun 2023Series A$5.0MNo later round recorded
NewLimit ↗San Francisco
May 2023Series A$60MYes · May 2025
Mar 2023Series B$44MNo later round recorded
Mar 2023Series B$44MNo later round recorded
Apr 2022Seed$3.0MNo later round recorded
CoinTracker ↗San Francisco
Jan 2022Series A$100MNo later round recorded
Jul 2021Series A$9.0MNo later round recorded
Cron ↗San Francisco
Mar 2020Seed$3.5MNo later round recorded
Silo ↗San Francisco
May 2019Seed$3.0MNo later round recorded
Jan 2019Angel$1.1MNo later round recorded
Origin Protocol ↗San Francisco
Apr 2018Series A$29MNo later round recorded
Esper ↗Redwood City
Dec 2015Angel$2.0MNo later round recorded
Upwave ↗United States
Jul 2015Series A$6.0MNo later round recorded
Taplytics ↗Palo Alto
May 2015Seed$2.4MNo later round recorded
Pushbullet ↗San Francisco
Jan 2015Seed$1.5MNo later round recorded
VaycayHero ↗San Francisco
Dec 2014Seed$2.8MNo later round recorded
VacayHero ↗San Francisco
Dec 2014Seed$2.8MNo later round recorded
Bellhops ↗Chattanooga
Nov 2014Series A$6.0MNo later round recorded
Sep 2014Series A$10MNo later round recorded
Vicarious ↗San Francisco
Mar 2014Series B$40MNo later round recorded
SendHub ↗Pleasanton
Sep 2013Series A$3.0MNo later round recorded
Aug 2013Series A$2.7MNo later round recorded
Swiftype ↗San Francisco
Aug 2013Seed$1.7MNo later round recorded
Jul 2013Seed$2.1MNo later round recorded
North ↗Kitchener
Jun 2013Series A$15MNo later round recorded
Apr 2013Series A$5.5MNo later round recorded
Virool ↗San Francisco
Feb 2013Seed$6.6MNo later round recorded
Jan 2013SeedUndisclosedNo later round recorded
Arrive ↗Chicago
Dec 2012Series A$2.0MNo later round recorded
Clever ↗San Francisco
Oct 2012Seed$3.0MNo later round recorded
May 2012Seed$2.1MNo later round recorded
SocialCam ↗Santa Clara
Apr 2012AngelUndisclosedNo later round recorded
Nov 2011Seed$1.2MNo later round recorded
Parse ↗Menlo Park
Aug 2011Seed$1.5MNo later round recorded
0 more companies have undated investments

Kept in the 55-company portfolio; excluded from entry-timing calculations.

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