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

Angel investor · San Francisco, United States

Kevin Hartz.

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 PATTERN2019–2026
23%

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

First investment stage across 13 companies3 Seed, 0 Angel and 10 other-stage entries. Each dot represents one company.
Seed 3Angel 0Other 10

One dot = one company at first recorded investment.

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

Kevin Hartz has dated investments in 13 companies. 3 first entries were at Angel, Pre-Seed or Seed (23.1%). 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

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2021-11-22. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

9 of 13 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.

Explore the evidence ↗
04

Use a specific point of relevance

FinTech is the largest displayed sector by company count, appearing in 4 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 9 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$7.0M–$26M

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
69%

Another equity round within 24 months

9 of 13 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
15%

This investor invested again within 24 months

2 of the same 13 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
$15Mmedian first round (13 disclosed)
0first backed in last 24 months

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

Series A

Fonoa ↗

Tax management and tax recovery solution for businesses

$21M total first round
Seed

Fig ↗

Platform offering cloud based command line tool for developers

$2.2M total first round
Series A

MakersPlace ↗

Online marketplace for digital art products

$30M 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
FinTech4
Cybersecurity3
B2C E-Commerce2
Blockchain in Financial Services2
Decentralized Finance2
Investment Tech2
Non Fungible Tokens2
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
Seed3 disclosed
$3.5M$2.9M–$3.6M
Series A9 disclosed
$21M$14M–$26M
Series B1 disclosed
$100M$100M–$100M
$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.

13
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
69.2%
9 of 13 companies

Backed again by this investor

A subset of the companies above
15.4%
2 of 13 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
Seed31 / 30 / 3
Series A97 / 92 / 9
Series B11 / 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

Julia Hartz ↗

4 shared rounds · 4 companies

Latest shared round Aug 2021
02
ANGEL

Dylan Field ↗

3 shared rounds · 2 companies

Latest shared round Jul 2021
03
FIRM

Index Ventures

3 shared rounds · 3 companies

Latest shared round Nov 2021
04
FIRM

Sequoia Capital

3 shared rounds · 3 companies

Latest shared round May 2021
05
FIRM

8VC

2 shared rounds · 1 companies

Latest shared round Aug 2021
06
FIRM

Abstract Ventures

2 shared rounds · 2 companies

Latest shared round Mar 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.

13 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Fonoa ↗Zagreb
Nov 2021Series A$21MNo later round recorded
Fig ↗San Francisco
Aug 2021Seed$2.2MNo later round recorded
MakersPlace ↗San Francisco
Aug 2021Series A$30MNo later round recorded
Jun 2021Series A$30MNo later round recorded
Skiff ↗San Francisco
May 2021Seed$3.7MNo later round recorded
May 2021Series B$100MNo later round recorded
OpenSea ↗New York City
Mar 2021Series A$23MYes · Jul 2021
Gather ↗San Francisco
Mar 2021Series A$26MNo later round recorded
WorkOS ↗San Francisco
Mar 2021Series A$15MNo later round recorded
NEWNESS ↗San Francisco
Feb 2021Seed$3.5MNo later round recorded
Feb 2021Series A$14MNo later round recorded
Kojo ↗San Francisco
Oct 2020Series A$7.0MYes · Aug 2021
Literati ↗Del Valle
Oct 2019Series A$12MNo later round recorded
0 more companies have undated investments

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

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search San Francisco, United States investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗