This is the story of how we made our first angel investment into the Y-Combinator startup Motion (YC W20), all without having any YC access or traditional VC experience. You'll hear snippets of two recorded calls from 2021 with Motion's Co-Founder & CEO Harry Qi, and Victor Wang (Partner at HOF Capital), both of whom helped show us the ropes to the world of angel investing and VC.
This initial angel investment kicked into Motion 😉 our journey into the VC space—leading to 18 subsequent startup investments (in just the first year alone), 26 to-date. If you're curious how one breaks into the VC and angel investing world (just as we were), we think you'll leave this episode knowing exactly what it takes, and also take from it tips of how you too can get access to the best deals (yes, even YC companies). We've done our best to document our unconventional and non-traditional journey along the way to share it with you in vivid detail. This how A-Team started Efficient VC.
0:00 - Intro
1:19 - Angel investing dream
9:48 - Product feedback & geeking out
12:29 - "I want to angel invest, but how?"
14:58 - How do you invest in a YC startup?
18:47 - Superhuman (Sponsor)
20:14 - Getting Andra (wife) onboard
22:12 - If this goes to 0, will you regret it?
23:19 - Advice from Victor Wang (HOF)
24:41 - Harry’s story (Motion CEO)
30:38 - Angel investing strategy
32:16 - Call w/ Motion CEO (Harry)
38:23 - What is a SAFE agreement?
46:14 - Wiring funds
49:32 - 18 investments in first year
50:25 - A nontraditional engagement
53:36 - Sneak peeks