AngelList lays off a number of staff and cuts executive salaries by Natasha Mascarenhas

TL;DR - AngelList helps connect founders and investors, and it also connects startups with job-seekers. The coronavirus crisis and ensuing hiring freezes have led to a scaling back of the second function.

Helpfulness - 3

Tags - notable investors, angels, new types of vc

Questions addressed:

  • What is AngelList?
  • How is it structured?

Summary:

  • AngelList is a platform connecting founders and investors that has $1.8 billion AUM.
  • The platform laid off staff and cut executive salaries, mostly in its talent arm in response to hiring freezes by tech startups.
  • AngelList has three branches: One for angel investors, one for products seeking funding, and one for startup job-seekers.

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