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

Angel investor · San Francisco, United States

Jeremy Stoppelman.

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
44%

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

First investment stage across 18 companies7 Seed, 1 Angel and 10 other-stage entries. Each dot represents one company.
Seed 7Angel 1Other 10

One dot = one company at first recorded investment.

18 companies · 19 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 13 Mar 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

Jeremy Stoppelman has dated investments in 18 companies. 8 first entries were at Angel, Pre-Seed or Seed (44.4%). 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

2 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2026-03-13. 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 16 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 4 portfolio companies; sector tags overlap. 1 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
$2.8M–$14M

The middle half of entry rounds

25th–75th percentile across 18 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
56%

Another equity round within 24 months

9 of 16 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 16 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.

18matching companies
$8.1Mmedian first round (18 disclosed)
2first backed in last 24 months

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

Seed

Enclave ↗

Provider of AI-powered code security platform that triages and catches vulnerabilities

$6.0M total first round
Seed

The Librarian ↗

Provider of a AI personal assistant

$2.0M total first round
Seed

Foraged ↗

Online retailer of specialty foods sourced from foragers and artisans

$2.7M 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
FinTech4
Cybersecurity2
CFO Stack2
Finance & Accounting Tech2
Payments2
DevOps2
HR SaaS2
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
Angel1 disclosed
$3.0M$3.0M–$3.0M
Seed7 disclosed
$2.3M$2.0M–$4.4M
Series A5 disclosed
$12M$10M–$14M
$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.

16
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
56.2%
9 of 16 companies

Backed again by this investor

A subset of the companies above
0%
0 of 16 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
Angel11 / 10 / 1
Seed53 / 50 / 5
Series A54 / 50 / 5
Series B41 / 40 / 4
Series D10 / 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
ANGEL

Aaron Levie ↗

5 shared rounds · 5 companies

Latest shared round Mar 2026
02
FIRM

Y Combinator

4 shared rounds · 4 companies

Latest shared round Jan 2021
04
FIRM

Khosla Ventures

3 shared rounds · 3 companies

Latest shared round Feb 2016
05
ANGEL

Marc Benioff ↗

3 shared rounds · 3 companies

Latest shared round Mar 2026
06
FIRM

SV Angel

3 shared rounds · 3 companies

Latest shared round Oct 2014

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.

18 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Enclave ↗Tel Aviv
Mar 2026Seed$6.0MNo later round recorded
Nov 2025Seed$2.0MNo later round recorded
Foraged ↗New York City
Jul 2023Seed$2.7MNo later round recorded
Causal ↗St Albans
Mar 2022Series A$20MNo later round recorded
Nov 2021Series A$14MNo later round recorded
X1 Card ↗United States
Jan 2021Series A$12MNo later round recorded
Oct 2020Seed$2.3MNo later round recorded
Netlify ↗San Francisco
Oct 2018Series B$30MNo later round recorded
8i ↗Los Angeles
Nov 2016Series B$27MNo later round recorded
Jan 2016Series B$17MNo later round recorded
Oct 2015Series B$13MNo later round recorded
Lever ↗San Francisco
Oct 2014Series A$10MNo later round recorded
Sep 2014Series A$10MNo later round recorded
Confide ↗New York City
Feb 2014Seed$1.9MNo later round recorded
Liftopia ↗San Francisco
Oct 2013Series D$5.0MNo later round recorded
IfOnly ↗San Francisco
Aug 2013Angel$3.0MYes · Feb 2016
Gusto ↗San Francisco
Dec 2012Seed$6.1MNo later round recorded
Udemy ↗San Francisco
Aug 2010Seed$1.0MNo later round recorded
0 more companies have undated investments

Kept in the 18-company portfolio; excluded from entry-timing calculations.

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