Paige Finn DohertyFounding Partner, Behind Genius · Founding Partner at Behind Genius Ventures

What Is Jenny Lefcourt's Advice For Angel Investors? #venturecapital #shorts

9 Aug 2022 · 1 min

Watch on YouTube

1:01

In this brief interview, Jenny Lefcourt (Speaker B) shares her perspective on angel investing, emphasizing a founder‑first, opportunistic approach that prioritizes teams and ideas that excite the investor. She offers targeted advice for new angel investors—particularly women—urging them to join cap tables where a reputable, professional lead investor is steering the deal, as this dramatically improves the odds of success. Lefcourt illustrates her point with two of her most lucrative past angel investments: Discord, which was led by Greylock, and Main Street Hub, led by Michael Deering. The conversation underscores the value of aligning with experienced lead investors and focusing on strong founding teams.

Chapters

And I think that from what I've understood about you and Freestyle, you are very much founder-first investors as you invest more opportunistically and just focus on the teams and ideas that excite you.
So I guess when I give advice to angel investors, especially women, but I am often speaking to women who are new at angel investing, the advice that I give on my port— based on my past is to— I think being on a cap table where you have someone who is leading that deal who has a good reputation and it's their day job to make that company successful, I think your odds of success will be way greater. I look at what iAngel invested in back in the day, the 2 greatest returns were— one was led by Greylock, and that's Discord, and that I, you know, that I— when I invested. And then the other one was a company called Main Street Hub, and that was led by Michael Deering.