In addition to being angel investors, Jose and I also sometimes invest in later stage startups. These investments are more opportunistic and include a combination of primary investments during venture and private equity rounds, and secondary investments when the opportunity presents itself. The investments are either made directly or through funds like Founders Fund and Lead Edge where we are LPs.
Our strategy here is fundamentally different than our angel strategy. We invest almost exclusively in rocket ships and expect most of the companies to be unicorns. In fact in many of them we invested at multi-billion dollar valuations.
We can’t take too much credit. We did not invest early and are tiny shareholders given the valuations at which we entered and the amounts we invested, but the list of companies is very impressive so we felt it made sense to share.