Venture capital · Angel Networks

Who is a Good Venture Capital Broker in Los Angeles?

Richard Kapustin CTO & Co-Founder at Giftagram

January 5th, 2015

I am planning a trip to Los Angeles to raise some capital from local investors. There are a lot of people who promise to get introductions, but I am looking for someone that is reliable.

Has anyone worked with anyone or an agency that they would recommend in the Los Angeles Area?
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Anonymous

January 5th, 2015

Richard - Not to try to shoot down your question, but I'd really suggest directly contacting VCs.  I've seen using a broker really taken badly by VCs and so you not only have less effective short-term results, but in the longer-term, you can hurt your reputation with an important group of people.  Last year, when I didn't yet have an investor network in VC, as Ryan above suggested I reached out to those on Angelist who had indicated an interest in our space.  With personalized emails and a specific set of dates (I did it about a month out), our response rate was actually pretty high.  Plus, if one responds, I often asked if there are others I should speak to while out there and got additional meetings with warm intros that way.  Just my two cents!

John Shiple

January 5th, 2015

I am going to say that this type of resource does not exist in LA. Your best bet (and it sounds like you have already done something similar) is to go to Represent.LA, get a list of everyone you want to talk to, look them up, and then dial for dollars.

Everybody and his dog wants funding in LA. it is a very very noisy scene here. I can't imagine any investor even respects an investment broker out here. It's the Wild West.

Your only real option is to contact investors directly and begin the mating dance.

Ryan Negri Co-Founder & CEO at Laicos, Inc

January 5th, 2015

I've tried that route with (so far) no success. I'd say make a list of the investors you want to speak to, check their angelist page for their portfolio, and contact founders (in which you know or have a relationship with) within those companies and ask if they will make an intro for you. Best of luck. 

Michael Brill Technology startup exec focused on AI-driven products

January 5th, 2015

+1 on Ryan's comment...  read Mark Suster's many comments on the topic of warm intros to investors. Grinding away on AL and LI and playing one red paperclip with relationships will likely yield much better results. Why LA?

Jessica Alter Entrepreneur & Advisor

January 6th, 2015

VCs want to meet you and know you can get to them (hustle).  You might find an advisor that knows fundraising and the LA area - can you look at FD:Advisors - Venture capital and Fundraising in Los Angeles...

Richard Kapustin CTO & Co-Founder at Giftagram

January 8th, 2015

A big thank you to everyone for the advice. We will put int he leg work on Angellist and reach out for some warm introductions.


Ben Littauer Angel Investor and Management Consultant

January 5th, 2015

Boston Angels don't like to see brokers involved with deals. I believe VCs are similar, though I'm not 100% sure. Try very hard to network in directly. Investors consider this an essential skill, and if you can't do it, what does it say?

Nick LaFond Investor | Entrepreneur | Startup Advisor

January 5th, 2015

I like all of the advice above.. not much to add. What type of venture(s) are you looking to get funded? What stage(s)?