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Jayme Hoffman
@jayme
Has anyone raised on or invested through RUVs? What's good/bad about them? Would you recommend AngelList or something else?
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Dan Romero
@dwr.eth
We used a RUV for all of the angel investors in Merkle. 100+ people into a single line item. Would highly recommend.
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Joe Blau 🎩
@joeblau
I raised using an RUV and it was great. - we used angel list - $305k from friends and family - low fees (maybe cost us $1500 to process the transaction and manage all users AML/KYC/accreditation) - money in bank quick
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rish
@rish
- have raised and invested - do recommend, makes things simpler and cheaper when raising if you have 10+ angels - used Angellist Growth tier
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tldr (tim reilly)
@tldr
You should also talk to @nonlinear.eth
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will
@w
yes both sides. On the raising side it absolutely great. Used AL but I think they changed their pricing more recently to bundle it w some other offerings that I don't know anything about
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Colin
@colin
I didn’t use an RUV and I regretted it. Harder to wrangle everyone and get term sheets signed, was more time consuming, and now got individuals on cap table. Will use one going forward
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ace
@ace
we did too. i highly rec it
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flenguyen.eth
@flenguyen
Raised part of our round on an RUV primarily for family and friends writing $1-10k cheques highly recommend, helps keep the Carta/Pulley subscription as low as possible as well lol.
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Matt Galligan
@mg
We used an RUV for the XMTP Labs Series A and it was so smooth. Highly recommend. We used AngelList for it.
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Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
It’s all a question of how many angels you are doing. AngelList has all the compliance and logistics figured out. Fear of new companies is if they will be around in 5-7 years.
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