What terms should be offered to an 'anchor investor'?


January 3rd, 2017

My early stage venture recently entered a partnership with a major Fortune 500 company that has gotten our foot in the door with several angel investors. We have a few folks in mind with extensive industry experience that we'd like to approach to become our anchor investor. Questions:

1. How much of the round ($800k~) should an anchor put up?

2. Should the anchor invest at terms that others in the round are expected to follow, or should he receive more equity for being the first one in? If it's the former, should we offer the anchor an advisor role that gives him additional equity that is separate from equity from his investment?

3. Do other angels in the round expect to talk with the anchor?