Angel List · Startups

How has AngelList's shift from a deal to a lead-centric approach impacted Startups?


February 13th, 2016

In a Sept 15 interview, David Booth - who oversees syndicate operations at AngelList - said:

"The AngelList platform has shifted over the past year from being deal-centric to lead-centric; the experience - and increasingly the product features - is about trusting the judgement of lead investors (by way of syndicates) rather than screening and picking companies to invest in entirely on your own. You’ll see that trend continue."

How has AngelList's shift  from a deal to a lead-centric approach changed how Startups present - or should present - themselves on the site? Does it make sense for a startup to provide a lot of information on AngelList since syndicate leads use their personal deal flow? 

AngelList indicates that in 2015:

- 170 syndicates invested $163M in 441 startups,

- Private deals represented 40% of all deals and invested  $89M in 170 startups.

How do you analyse the "deal to lead-centric" shift? Do you see it as necessary? positive for whom?