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Super angel investor (or "super-angel") is a term sometimes used to describe a group of serial investors in early stage ventures who are perceived to be particularly sophisticated, insightful, or well-connected in the startup business community, particularly with respect to technology companies in Silicon Valley, California and other technology centers.[1] There is no universally recognized set of criteria for distinguishing among 'super angels', traditional angel investors, and venture capitalists.[1] Some common features that have been proposed include: Creating a professionally-managed investment fund[1] Serial investing (investing in numerous startup companies) Investing at a seed round in startup companies Funding rounds in the (rough) range of $50,000 to several million dollars, larger than typical "friends and family" rounds but smaller than most venture rounds Taking an active role in portfolio companies[2] Raising money from general partners and other principals, without passive investors in the fund Fund principals who are experienced entrepreneurs Partial list of investors who might be considered 'super angels' Name of fund Key people Portfolio companies Floodgate[3] Mike Maples Jr., Ann Miura-Ko Chegg, Digg, Smule, Twitter Felicis Ventures[4] Aydin Senkut Meraki, Mint.com 500 Startups[5] Dave McClure SlideShare, CrowdFlower, Recurly, Udemy Founders Collective[6] Bill Trenchard, Caterina Fake, Chris Dixon, David Frankel, Eric Paley, Mark Gerson, Micah Rosenbloom, Zach Klein Minyanville Media SofTech VC Jeff Clavier[7] Tapulous, RapLeaf, SV Angel[8] Ron Conway, David Lee, Mike Ghaffary, Brian Pokorny (former) google, Ze Frank, AppNexus, Ask Jeeves, Aster Data Systems, Attributor, Blippy, Bring Light, BuzzFeed, CastTV, Digg, Foursquare, Kaboodle, Knewton, MerchantCircle, Mint.com, PayPal, PBwiki, ScanScout, Seesmic, Square, Swipely, Twitter, Weebly, Zooomr Greylock Partners Reid Hoffman[9][10] LinkedIn, Friendster, Zynga, Flickr, Kongregate, Ping.fm, Tagged, Nanosolar, Knewton, Founders Co-op[11] Andy Sack, Chris DeVore Thrive Capital[12] Joshua Kushner co-founder of Vostu The Founders Fund[9] Peter Thiel, Sean Parker, Ken Howery, Robert May, Luke Nosek Gowalla, Causes, Collaborative Drug Discovery, Clickable, Facebook, Friendster, Geni.com, Ironport, Mint.com, OLX, Palantir Technologies, Pathway Genomics, Powerset, Quantcast, Rapleaf, Raptr, Slide.com, SmartDrive, SpaceX, Spotify, Yammer, YouNoodle Harrison Metal[13] Michael Dearing, Erik Rannala AdMob, Lumos Labs, Inc., Aardvark Keith Rabois[14] Xoom, Vendio, LinkedIn, yelp.com, YouTube, Alter-G, ThinkCash, Geni.com, Yammer, Slide.com, FanIQ, Handipoints, Decorati, TokBox, TownHog, Milo.com, eventbrite, Counsyl, Circle of Moms, AirBnB, Palantir Technologies, Apture, Sococo, SkyBox Technologies, SkyGrid, Scoopler, Fqix, Treehouse, Specialty's Café & Bakery, Crave (blog), Movity, Homeboodle, Swipely, Miso (online service), MusicLab, GoGoBot, Qwiki, Hitpost, TopGuest, ZimRide, Wavii, Udemy, The Fridge (social network), Indinero, FutureAdvisor, OhLife, Formative Labs, Votizen, Causes, Square (application) IA Ventures[15] Roger Ehrenberg, Brad Gillespie Recorded Future K9 Ventures[16] Manu Kumar CrowdFlower Lerer Media Ventures[17] Kenneth Lerer, Ben Lerer gdgt, Lowercase Capital[18] Chris Sacca twitter, bit.ly, Auctomatic Social Leverage[19] Howard Lindzon TweetDeck, bit.ly, References ^ a b c Saint, Nick (October 4, 2010). "Who Are The Super Angels? A Comprehensive Guide". Business Insider.  ^ Ingram, Mathew (October 7, 2010). "Fred Wilson on AngelGate and Where the Web Is Going". GigaOM. http://www.businessweek.com/technology/content/oct2010/tc2010107_140972.htm.  ^ Saint, Nick (October 4, 2010). "Floodgate". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#floodgate-3.  ^ Saint, Nick (October 4, 2010). "Felicis Ventures". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#felicis-ventures-2.  ^ Saint, Nick (October 4, 2010). "Dave McClure". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#500-startups-1.  ^ Saint, Nick (October 4, 2010). "Founder Collective". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#founder-collective-4.  ^ Destin, Fred (August 6, 2010). "Super Angels, Lean VCs, Proto-Incubators, Whatever.". Fast Company. http://www.fastcompany.com/1678528/super-angels-lean-vcs-proto-incubators-whatever-focus-on-social-contract.  ^ Tomio Geron (October 18, 2010). "Ron Conway’s Big Deals: How He Found Google And Facebook". Wall Street Journal. http://blogs.wsj.com/venturecapital/2010/10/18/ron-conways-big-deals-how-he-found-google-and-facebook/.  ^ a b Ricadela, Aaron (April 2, 2007). "VCs Aim to Out-Angel the Angels". Business Week. http://www.businessweek.com/technology/content/apr2007/tc20070402_747117.htm?dealbook.  ^ Weston, Julien (September 28, 2010). "Hoffman & Greylock launch $20m Greylock Discovery Fund". Wired. http://www.wiredvc.com/hoffman-4greylock-33launch-20m-greylock-discovery-fund/.  ^ Saint, Nick (October 4, 2010). "Founders Co-op". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#founders-co-op-5.  ^ Saint, Nick (October 4, 2010). "Thrive Capital". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#thrive-capital-14.  ^ Saint, Nick (October 4, 2010). "Harrison Metal". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#harrison-metal-6.  ^ Carlson, Nicholas (August 18, 2010). "Secret Silicon Valley Super Angel Keith Rabois Explains His Startup Portfolio". Business Insider. http://www.businessinsider.com/keith-rabois-portfolio-2010-8.  ^ Saint, Nick (October 4, 2010). "IA Ventures". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#ia-ventures-7.  ^ Saint, Nick (October 4, 2010). "K9 Ventures". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#k9-ventures-8.  ^ Saint, Nick (October 4, 2010). "Lerer Ventures". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#lerer-ventures-9.  ^ Saint, Nick (October 4, 2010). "Lowercase Capital". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#lowercase-capital-10.  ^ Saint, Nick (October 4, 2010). "Social Leverage". Business Insider. http://www.businessinsider.com/who-are-the-super-angels-a-comprehensive-guide-2010-10#social-leverage-11.  Businessinsider.com v · d · eTopics on private equity and venture capital Basic investment types Buyout • Venture • Mezzanine • Growth • Secondaries • Equity co-investment History History of private equity and venture capital • Early history of private equity • Private equity in the 1980s • Private equity in the 1990s • Private equity in the 2000s Terms and concepts Buyout Financial sponsor • Management buyout • Divisional buyout Venture Seed money • Startup company • Angel investor • Venture capital financing • Pre-money valuation • Post-money valuation • Venture round • Venture debt • Bootstrap funding Structure Private equity firms and funds • Limited partnership • Limited liability company • Carried interest  • Management fee • Publicly traded private equity (Business Development Company, Venture Capital Trust) • Private Investment in Public Equity (PIPE) • Pledge fund Investors Institutional investors • Pension funds • Insurance companies • Fund of funds • Endowments • Foundations • Investment banks • Merchant banks • Commercial banks • High net worth individuals • Family offices • Sovereign wealth funds Related financial terms Undercapitalization • Initial Public Offering (IPO) • M&A • Leverage • High-yield debt • Capital structure • Capital call • EBITDA • IRR • Envy ratio Private equity and venture capital investors • Private equity firms • Venture capital firms • Angel investors • Portfolio companies