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Investor since 2011 -

Top Track Record

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Previously: seeded more than 100 startups $7M initial capital is $100M+ (15x).

Deployed ~$40M since Aug 2020 via Rolling Funds and later-stage SPVs

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Breakout winners include 25 top YC startups with 15 unicorns Cruise ($30B), Rippling ($11+B), Zapier ($5B), FlutterWave ($3B+), Retool ($3B+), Algolia ($2B+), Go1($2B+), Boom, SendBird, Shipbob, People.ai, Teleport, Cart.com, Turing.com, Owner.com.

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1 of 5 startups from 2016 & 2017 vintages (~15x) has become a unicorn.

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Operator & Founder Background

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Operated a self-funded & remote-only enterprise software startup for almost a decade with 77 fortune 100 companies as long-time customers.

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Bootstrapped and sold a hardware company in 2009 with wholesale & retail distributions across the globe.

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Former software consultant @ Accenture; civil engineering PhD Dropout @ Georgia Tech.

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My Success Getting Into Deals

High conviction & high energy coupled with strategic thinking & critical optimism give me true edge as an empathetic coach and cheerleader for the team.

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Founders get inspired by my dedication to seek top talent, devotion to go to bat for their companies and determination to win - they love having me on their cap table!

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Winning deals I shared some fun facts on this medium post:from burger dinner, personalized messages, warm intros, matchmaking skill to help founders hire, lightning-fast wires, and sometimes write “love letters” for a very competitive round.

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Evaluation & Investment Process

Data Driven & Remote-First: I collect public data to do thorough research and due diligence to spot anything exceptional for signal of success. I’ve invested in many successful startups without first meeting founders in person since 2011 so my skill set is a perfect fit for this new era of investing and working.

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Cohort vs Competitor Analysis: My approach works extremely well for a generalist to pick top 10% startups from a cohort (like YC) that build for the future vs only to perform competitor analysis.

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Key Questions & Quick Decisions: I’m well prepared to quickly gauge founder-mission-startup-market fit: invest in the founders and bet on their business.

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Why Cindy @ CapitalX?

Combining an unconventional blend of consultant / founder / operator experience with a decade-long angel investor top track record, I’m well prepared to offer enhanced access and asymmetrical financial returns to LPs via CapitalX.

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Investing in startups and operating a self-funded enterprise software company while residing in Silicon Valley and remaining accessible online has honed my analytical insider insight & intuitive outsider mentality for a unique eye for future winners.

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There’s also massive opportunity to fuel the existing winners from my past portfolio with expanded LP network and bigger investment amount.

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Together, we’ll back more 1% multidisciplinary founders with “chip on shoulder & fire in belly” building hard startups to change the world and bring exponential impact.

Approach

• Generalist: enterprise focused, technology driven, mission aligned, invest in founders first.
• Early & Fast: early enough to be category definer or market leader, with fast execution.

Deal

Flow

• Founder Network: Past Portfolio Founders, YC and Other Incubators
• I’ve gained stellar reputation to make quick decisions with high hit rate doing thorough online research and “public data” analysis. Founders love working with me!

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• Investor Network & LP of VC Funds
• Many LPs in CapitalX are also active angel investors that love collaborating.
• I’m LP in funds by other emerging GPs like Andreas Klinger; Jeff Morris Jr.; Harry Stebbings; Lucy Guo; Sahil Lavingia, Austen Allred, Kyle Tibbitts, Harry Hurst, etc.

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• Twitter @CindyBiSV
• I’ve built a strong twitter presence since 2019 sharing insights. I often link my tweets in emails to portfolio founders to “write once and share 10x”. Founders appreciate my effort to authentically talk about their products and promote their communities online.

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Fund

Admin

• AngelList Rolling Venture Fund onboarding LPs and deploying capital on quarterly basis.

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Portfolio

Construction

• Initial Check: $100K - $250K usually, and aim for 1~2% ownership when possible.
• Sector Agnostic: SaaS, DeepTech, FinTech, Education, HealthCare, Marketplace, etc.
• Stage: pre-seed, seed, select series A/B for $100m valuation and below.
• Investments: to deploy $10M+ a year in 30 startups.

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Key Terms

• Management Fee: 2% per annum over each fund's 10-year life, payable quarterly over the first four years.
• Carry: 20%, increasing to 25% after a 3X return.
• AL Fee: 0.15% per annum over each fund’s 10-year life, payable quarterly over 10 years.
• GP Commit: Cindy will reinvest 20% management fees.

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Notable LPs

• GPs at other VC funds: Marc Andreessen & Chris Dixon, David Sacks, etc.
• VC Fund of Funds: Tiger Global, Foundation Capital
• Portfolio Unicorn Founders Nicolas@Algolia and John@SendBird
• Other startup founders (Dropbox Cofounder Arash etc.), angels, operators, family offices

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