My Startups

I am trying different investment vehicles / asset classes to find out where can i have the edge. Investing in startups was one of them 2014-2016. I have made 9 investments in startups via Angel List, Crowdcube, Seedrs (UK) and Wefunder. The idea was that i can beat the funds which make nonsense investments. (yes yes. i know ‘beat the market’)

yearstartupinvestedfollow on round
2014Wefunder1.5exited with 7% roi
2014BoxC1
2014Soothe1second skipped. third 0.6. current valuation 2.8
2014Enevo0.95skipped
2015Italist1.25
2015Molekule0.5
2015Skyfront0.5
2016Revolut0.6currently valued at 3.0 (received a cash offer)
2016Gone0.3
total invested6.1 (excluding Wefunder)
current valuation (Revolut + Soothe 2d) 5.8

2017 August. Revolut. Attracted 66M investment at 420M valuation. I got a cash offer to sell my shares at x5. Decided to keep, because i believe Revolut can be 4-40 billion company. With exit from Wefunder and current Revolut and Soothe valuations i am close to break-even.

2018 Summer. Revolut is a unicorn valued at 1.7B. I get 20x cash offer and refuse because i think this can go up 20x more. It can beat Paypal (90B) valuation. Although there is big competition – Cash app from Square is the first one that comes to mind and is run by great founder.

Technically all my first startup fund is covered only by Revolut. Also my other companies Molekule, Enevo, Italist and Soothe have great paper returns.

My mistake from Fund1 is that i put different amounts to different projects. Another mistake i did not continue on follow up rounds of Enevo and Soothe. (although i participated in 3d rounds). I knew in theoretically that I have to follow on, but I did not behave like this, because I was following the lead investors (super angels make mistakes as well 🙂 ).

Fund2 
2017 SeptemberBilliontoOne
2017 OctoberLocus Biosciences
2018 FebruaryOrphidia
2018 MarchMycroft AI
2018 OctoberWisp

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Startup investing math