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

Angel investor · San Francisco, United States

Max Mullen.

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 PATTERN2018–2026
62%

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

First investment stage across 34 companies21 Seed, 0 Angel and 13 other-stage entries. Each dot represents one company.
Seed 21Angel 0Other 13

One dot = one company at first recorded investment.

34 companies · 35 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 18 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

Max Mullen has dated investments in 34 companies. 21 first entries were at Angel, Pre-Seed or Seed (61.8%). 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

10 first company relationships appear in the latest 24 months, compared with 7 in the preceding window. The latest recorded investment is 2026-03-18. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

11 of 24 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.

Explore the evidence ↗
04

Use a specific point of relevance

FinTech is the largest displayed sector by company count, appearing in 6 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
$3.6M–$9.9M

The middle half of entry rounds

25th–75th percentile across 34 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
10companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 7 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
46%

Another equity round within 24 months

11 of 24 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 24 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.

34matching companies
$5.5Mmedian first round (34 disclosed)
10first backed in last 24 months

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

Seed

Multiply ↗

Offering human-strategy and AI-execution for paid media services, primarily serving B2B companies

$9.5M total first round
Series A

Unusual ↗

AI powered website personalization platform

$3.6M total first round
Seed

Willow Voice ↗

Provider of AI-powered voice dictation software for all applications

$4.5M 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
FinTech6
Artificial Intelligence4
HealthTech4
Future of Work4
MarketingTech3
AI as a Service3
CFO Stack3
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
Seed21 disclosed
$4.3M$3.2M–$5.5M
Series A11 disclosed
$10M$7.6M–$16M
Series B1 disclosed
$30M$30M–$30M
$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.

24
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
45.8%
11 of 24 companies

Backed again by this investor

A subset of the companies above
0%
0 of 24 companies
i

Includes first investments on or before 22 May 2024. 10 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
Seed147 / 140 / 14
Series A83 / 80 / 8
Series B10 / 10 / 1
Series D11 / 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

Y Combinator

11 shared rounds · 10 companies

Latest shared round Jan 2026
02
FIRM

First Round Capital

6 shared rounds · 5 companies

Latest shared round Jan 2025
03
FIRM

BoxGroup

5 shared rounds · 5 companies

Latest shared round Jan 2026
04
ANGEL

Jack Altman ↗

4 shared rounds · 4 companies

Latest shared round May 2023
06
FIRM

Abstract Ventures

3 shared rounds · 3 companies

Latest shared round Feb 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.

34 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Multiply ↗San Francisco
Mar 2026Seed$9.5MNo later round recorded
Unusual ↗San Francisco
Jan 2026Series A$3.6MNo later round recorded
Willow Voice ↗San Francisco
Nov 2025Seed$4.5MNo later round recorded
Aug 2025Seed$8.4MNo later round recorded
May 2025Series A$17MNo later round recorded
Nuvo ↗San Francisco
Apr 2025Series A$45MNo later round recorded
Highstock ↗New York City
Feb 2025Seed$5.5MNo later round recorded
Hero ↗San Francisco
Feb 2025Seed$4.0MNo later round recorded
Tempest ↗San Francisco
Nov 2024Seed$3.2MNo later round recorded
Gumloop ↗San Francisco
Jul 2024Seed$3.1MYes · Jan 2025
Monocle ↗New York City
May 2024Seed$7.5MNo later round recorded
Float Health ↗San Francisco
Apr 2024Series A$10MNo later round recorded
JustPaid.ai ↗Mountain View
Jun 2023Seed$3.5MNo later round recorded
PostgresML ↗San Francisco
May 2023Seed$4.7MNo later round recorded
Openlayer ↗San Francisco
May 2023Seed$4.8MNo later round recorded
meez ↗New York City
Nov 2022Series A$12MNo later round recorded
Positive ↗Los Angeles
Aug 2022Series A$7.0MNo later round recorded
SudShare ↗Baltimore
Mar 2022Seed$10MNo later round recorded
Highlight ↗New York City
Mar 2022Series A$8.2MNo later round recorded
Owner ↗Palo Alto
Mar 2022Series A$15MNo later round recorded
Canvas ↗San Francisco
Jan 2022Series A$4.2MNo later round recorded
Jan 2022Series A$9.1MNo later round recorded
Evergrow ↗San Francisco
Nov 2021Seed$7.0MNo later round recorded
June Care ↗Los Altos
Nov 2021Seed$3.6MNo later round recorded
Oct 2021Series A$39MNo later round recorded
Ascend ↗Palo Alto
Sep 2021Seed$5.5MNo later round recorded
Stord ↗Atlanta
Sep 2021Series D$95MNo later round recorded
Rootly ↗San Francisco
Jul 2021Seed$3.2MNo later round recorded
Routable ↗San Francisco
Apr 2021Series B$30MNo later round recorded
Oct 2020Seed$3.0MNo later round recorded
PopSQL ↗San Francisco
Sep 2020Seed$3.4MNo later round recorded
Census ↗San Francisco
May 2020Seed$4.3MNo later round recorded
Caper ↗Brooklyn
Jan 2019Seed$2.2MNo later round recorded
Pelago ↗New York City
May 2018Seed$1.1MNo later round recorded
0 more companies have undated investments

Kept in the 34-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 ↗