MONTHLY METRICS 

Accredited members: 2078 (+8%)
Unique investors: 695 (+4%)
Total Investments: 1643 (+7%)
Total Dollars Invested: $6.2M (+6%) 
New Dollars Invested this month: $375K

% of investors with > 1 Investment: 31% 

Growth in repeat investors: 10% (our target is 15%) 

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If you are new and don't understand this chart and why I am still obsessed with it, the backstory is in April's update. 

It's so cute that a month ago, I thought the biggest change our team was going through was the 1 to 10 transition. 

When I wrote last month's update, I was coming off a weekend AI-bender. I didn't think it was worth mentioning. Boy, was I wrong.

If you are working at a startup, the last 45 days in AI has turned the world upside down. I tried to explain it to my (draws buildings) Architect husband, and the only way to capture it was to show him this picture. 

The second-to-last dot was January. The last dot is February. The axis doesn't even matter. 

The new AI models that shipped at the start of February, followed by a series of near-daily big new releases from OpenClaw, Anthropic, and Perplexity, have put both Wasim and me on a 24x7 tear of superpowers and possibilities.

We made a handful of new/different decisions in February because of it all.

Read on!

FEBRUARY WRAP UP

What we said and what we did

✅ K1s - crushed it!  The work to migrate to our new fintech backend and our automated XML IRS efile engine was nothing short of epic. All hail Malika!!

✅ SeriesSeed: Process underway. PlayMoney SAFEs will become real QSBS equity!

I don't want to share too many details yet because I know there will be questions, but the goal is to have the process communicated & completed by end-of-month.

✅ IRL Product Roadmap planning in LA. 2 days with 2 humans I adore.

If our offsite had been 2 weeks early, we would have walked away with a different plan. 

A combination of both AI accelerating us and finally being able to articulate the vision we've been building towards since Day 1 in our new whitepaper made all the difference.

Take a read. Props to Paul, Roni, Andrew & Jess for all the help along the way.

So here is what really happened in February.

• Wasim expanded "replace our fintech stack" to a ledger-based rearchitecture of the SPV lifecycle based on two years of in-market learning. 
  
  
• We added a GTM engineer who is fast-tracking the team's vibe-coded tools to boost efficiency and impact on all our front-of-the-house jobs. 
  
  
• We elevated our deals ops hire to a full-fledged former growth marketer who runs a fantastic founder podcast in Central America.
  
  

Not only does this give us a radically powerful set of new content to work with, but it frees Tina up to develop our pipeline of extraordinary deal leads.

Both hires are bets on doubling down on what is brilliantly human in our business by applying automation and insights to what doesn't need to be. We were able to add both folks to the team while staying default-alive, which feels pretty great.

Plus,

• We launched an Angel 201 Podcast: Angels Decoded
  
  
• Dennis crossed the first big hurdle in turning our years of content into a trackable marketing funnel. Step 1: All our newsletters are online.
  
  
• (This is a big one) We signed a contract with the University of Alabama to be the angel platform for their campus startup center and tech spinouts.
  
  They want alumni, parent, and donor money to flow to startups like it does to football. 🏈  Roll Tide! (!! more about this next month)

Do Less, Better? Ha, that was cute. 

MARCH UP NEXT

• Launch our new fintech backend and a pile of fun user-facing features backlogged behind it.
• Convert all SAFEs to SeriesSAFE & Kick off a Seed Raise
  (!! more about this next month)
• Launch Alabama
  
• Onboard new team members; AI supercharge everyone.

-- C2K

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💎 C2K PS:

I started my career when the web browser was new. 

I created one of the very first viral blogs (called ezines back in the day).

We hosted the site on the eBay server that Pierre (Omidiyar) ran out of his guest bedroom (all chronicled in the history of eBay book). I paid off my MIT grad school loans using the royalty check we got from AOL when then-summer-intern John Callahan from across the street at HBS (later founding partner of True Ventures) bought our site. 

I never thought I'd get to go through something as crazy again.

But here we are. I have so many thoughts.

I also have four 20-somethings navigating early careers and new relationships in a world that's wildly out of whack. I don't trust any of the late-stage capitalists who control the technology. No one in charge seems to have the courage and the humanity to direct any of it at the abundance it could provide.

But I am going to embrace the pace and thrill of building at the edge, knowing that our business is helping fund innovation that is more humane and more inclusive, and that our collective bets will come to fruition just when we need them most. 

Here's a totally unnecessary picture of those four 20-somethings.

Read in Browser 

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