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

Angel investor · San Francisco, United States

Mark Pincus.

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 PATTERN2005–2026
61%

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

First investment stage across 43 companies23 Seed, 3 Angel and 17 other-stage entries. Each dot represents one company.
Seed 23Angel 3Other 17

One dot = one company at first recorded investment.

43 companies · 45 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Jan 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

Mark Pincus has dated investments in 43 companies. 26 first entries were at Angel, Pre-Seed or Seed (60.5%). 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

3 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2026-01-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

16 of 40 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

Gaming is the largest displayed sector by company count, appearing in 12 portfolio companies; sector tags overlap. 3 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
$2.4M–$12M

The middle half of entry rounds

25th–75th percentile across 41 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
3companies

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
40%

Another equity round within 24 months

16 of 40 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 40 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.

43matching companies
$5.0Mmedian first round (41 disclosed)
3first backed in last 24 months

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

Seed

Levellr ↗

Cloud based fan engagement solutions for brands and creators

$2.5M total first round
Seed

SalesPatriot ↗

Provider of an AI-powered procurement platform for companies in the defense and aerospace industries

$5.0M total first round
Seed

Echo Chunk ↗

Developer of an AI-based puzzle games

$1.4M 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
Gaming12
FinTech12
Web 3.09
PC & Console Gaming8
Blockchain in Financial Services6
Decentralized Finance6
Investment Tech6
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
$3.0M$3.0M–$3.0M
Seed23 disclosed
$2.5M$1.7M–$4.5M
Series A11 disclosed
$12M$11M–$22M
$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.

40
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
40%
16 of 40 companies

Backed again by this investor

A subset of the companies above
5%
2 of 40 companies
i

Includes first investments on or before 22 May 2024. 3 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
Angel32 / 30 / 3
Seed209 / 202 / 20
Series A114 / 110 / 11
Series B40 / 40 / 4
Series D21 / 20 / 2
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

a16z

6 shared rounds · 6 companies

Latest shared round Jul 2024
02
FIRM

ACE & Company

4 shared rounds · 4 companies

Latest shared round Jan 2017
03
FIRM

Animoca Brands

4 shared rounds · 4 companies

Latest shared round Apr 2022
04
FIRM

Founders Fund

3 shared rounds · 3 companies

Latest shared round Feb 2021
05
FIRM

Galaxy Interactive

3 shared rounds · 2 companies

Latest shared round Aug 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.

43 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jan 2026Seed$2.5MNo later round recorded
SalesPatriot ↗San Francisco
Oct 2025Seed$5.0MNo later round recorded
Echo Chunk ↗San Francisco
Jul 2024Seed$1.4MNo later round recorded
Bravado ↗San Francisco
May 2022Series B$26MNo later round recorded
Fractal ↗Solana Beach
Apr 2022Seed$35MNo later round recorded
Every Realm ↗New York City
Feb 2022Series A$60MNo later round recorded
Jan 2022Seed$9.0MNo later round recorded
Jan 2022Seed$5.8MYes · Dec 2022
Momento AI ↗New York City
Dec 2021Seed$4.0MNo later round recorded
Aug 2021Series DUndisclosedNo later round recorded
Cent ↗San Francisco
Aug 2021Seed$3.0MNo later round recorded
Versus Game ↗San Francisco
Aug 2021Seed$3.0MNo later round recorded
LoanSnap ↗San Francisco
May 2021Series B$30MNo later round recorded
Apr 2021Series B$28MNo later round recorded
Pragma ↗Culver City
Apr 2021Series A$12MNo later round recorded
Artie ↗San Francisco
Feb 2021Seed$10MNo later round recorded
Feb 2021Series D$150MNo later round recorded
Pahdo Labs ↗New York City
Jan 2021Seed$2.5MNo later round recorded
ForeVR ↗Los Angeles
Dec 2020Seed$1.5MYes · Jul 2021
Whatifi ↗Wellesley
Jun 2020Series A$10MNo later round recorded
FunCraft ↗San Francisco
Feb 2020Seed$1.8MNo later round recorded
Secfi ↗San Francisco
Jul 2019Series A$6.0MNo later round recorded
Cluster ↗Boulevard
Mar 2019Seed$1.9MNo later round recorded
Drive.fm ↗San Francisco
Nov 2018Seed$4.0MNo later round recorded
Spatial ↗New York City
Oct 2018Seed$8.0MNo later round recorded
Ara Labs ↗New York City
Sep 2018Series A$23MNo later round recorded
Nodle ↗San Francisco
Sep 2018Seed$1.5MNo later round recorded
Cointopia ↗San Francisco
Sep 2018Angel$3.0MNo later round recorded
OhmConnect ↗San Francisco
Apr 2018Series B$8.5MNo later round recorded
Mar 2018Series A$12MNo later round recorded
Feb 2018Series A$12MNo later round recorded
Sep 2017Seed$1.0MNo later round recorded
Samlino.dk ↗Copenhagen
Jan 2017Series A$21MNo later round recorded
Revlo ↗San Francisco
Oct 2016Seed$2.0MNo later round recorded
Sep 2016Series A$22MNo later round recorded
Mar 2016AngelUndisclosedNo later round recorded
Taplytics ↗Palo Alto
May 2015Seed$2.4MNo later round recorded
Apr 2015Series A$40MNo later round recorded
Overdog ↗Nashville
Nov 2014Seed$1.8MNo later round recorded
IfOnly ↗San Francisco
Aug 2013Angel$3.0MNo later round recorded
Nov 2012Seed$1.2MNo later round recorded
Mango Health ↗San Francisco
Jul 2012Seed$1.5MNo later round recorded
Feedster ↗San Francisco
Jun 2005Series A$2.6MNo later round recorded
0 more companies have undated investments

Kept in the 43-company portfolio; excluded from entry-timing calculations.

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