INVESTOR NOTES / 001ANGEL INVESTOR / Redwood City, United States
Hiten Shah
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Redwood City, United States

Hiten Shah.

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
76%

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

First investment stage across 25 companies16 Seed, 3 Angel and 6 other-stage entries. Each dot represents one company.
Seed 16Angel 3Other 6

One dot = one company at first recorded investment.

25 companies · 28 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 23 Oct 2025
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

Hiten Shah has dated investments in 25 companies. 19 first entries were at Angel, Pre-Seed or Seed (76.0%). 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 1 in the preceding window. The latest recorded investment is 2025-10-23. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

9 of 23 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

Remote Work Tools is the largest displayed sector by company count, appearing in 4 portfolio companies; sector tags overlap. 5 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
$1.2M–$3.3M

The middle half of entry rounds

25th–75th percentile across 23 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 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
39%

Another equity round within 24 months

9 of 23 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
4%

This investor invested again within 24 months

1 of the same 23 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.

25matching companies
$2.0Mmedian first round (23 disclosed)
2first backed in last 24 months

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

Seed

FinalLayer ↗

Provider of AI platform for LinkedIn post creation and video clipping

Undisclosed total first round
Seed

Hamming ↗

Provider of artificial intelligence voice agents

$3.8M 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
Remote Work Tools4
FinTech3
Future of Work3
MarketingTech2
Social Media Marketing2
Artificial Intelligence2
Native AI in Software Development2
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
$1.4M$1.2M–$1.6M
Seed15 disclosed
$2.0M$1.0M–$2.8M
Series A4 disclosed
$8.0M$3.3M–$13M
$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.

23
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
39.1%
9 of 23 companies

Backed again by this investor

A subset of the companies above
4.3%
1 of 23 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
Angel31 / 30 / 3
Seed144 / 140 / 14
Series A42 / 41 / 4
Series B11 / 10 / 1
Unattributed11 / 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

500 Global

3 shared rounds · 3 companies

Latest shared round Apr 2015
05
ANGEL

Sunita Manish Shah

3 shared rounds · 2 companies

Latest shared round Aug 2023

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.

25 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
FinalLayer ↗San Francisco
Oct 2025SeedUndisclosedNo later round recorded
Hamming ↗San Francisco
Dec 2024Seed$3.8MNo later round recorded
Oct 2023Unattributed$1.8MNo later round recorded
CredRight ↗Hyderabad
Apr 2022Series A$1.4MYes · Aug 2023
Apr 2022Seed$1.0MNo later round recorded
Grain ↗San Francisco
Apr 2022Series A$16MNo later round recorded
Racket ↗San Francisco
Nov 2021Seed$3.0MNo later round recorded
Nov 2021Seed$1.0MNo later round recorded
MediaKits ↗Scottsdale
Oct 2021Angel$1.0MNo later round recorded
Jul 2021Seed$3.5MNo later round recorded
Mar 2021Series A$12MNo later round recorded
Mar 2021Series B$16MNo later round recorded
Detail ↗Amsterdam
Mar 2021Seed$2.0MNo later round recorded
Pesto ↗San Francisco
Oct 2020AngelUndisclosedNo later round recorded
Density ↗San Francisco
Jul 2016Series A$4.0MNo later round recorded
Meadow Care ↗San Francisco
Apr 2016Seed$2.1MNo later round recorded
Truebill ↗San Francisco
Mar 2016Seed$350KYes · Oct 2018
SnowShoe ↗San Francisco
Apr 2015Seed$2.5MNo later round recorded
Mar 2015Angel$1.8MYes · Jan 2020
Parklet ↗San Francisco
Feb 2015Seed$1.5MNo later round recorded
Merchbar ↗San Francisco
Dec 2014Seed$1.0MNo later round recorded
Front ↗San Francisco
Sep 2014Seed$3.1MNo later round recorded
Runnable ↗Palo Alto
Oct 2013Seed$2.0MNo later round recorded
MessageMe ↗San Francisco
Mar 2013Seed$1.9MNo later round recorded
Buffer ↗San Francisco
Dec 2011Seed$450KNo later round recorded
0 more companies have undated investments

Kept in the 25-company portfolio; excluded from entry-timing calculations.

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