It has been a fantastic year so far for our firm Social Leverage. That comes on top of a fantastic 2018.
Next weekend is our 10th annual CEO and LP event, this year in Scottsdale.
My partner Gary put a yearly letter together for our network of friends, LP’s and CEO’s and I wanted to share it here.
In 2018, The amount of money raised for scaled companies we seeded was over $500 million. They included rounds for the following companies, all continuing to grow fast:
We had a few companies get acquired:
Our fund 3 made 4 investments in 2018:
Manscaped, and
First Republic used Preqin data to issue a report which showed both our Fund I and Fund II as top quartile funds. This report highlights Fund II as a top performing fund for both Micro VC and general VC funds for 2007-2015 vintages. The same Preqin data shows that as of the end of Q2 2018, our Fund II is the number one performing 2015 vintage fund in the country, based on its then current IRR of 59.3%.
Gary lives in Del Mar, San Diego and Tom and I live in Phoenix.
We do seem to live on a plane, but are also thrilled to prove that you don’t have to live in New York or San Francisco to thrive in the angel and venture business.