Angel to Fund Manager (AFM) FAQs

What is the AFM program?

AFM is a virtual program, spanning approximately two months from September 21st - November 13th, 2020, with the goal of providing information and a fundraising network to first-time fund managers, equipping them with knowledge and a network of experienced managers, LPs, and other emerging managers.

Who is the program for?

This program is for angels, operators, and anyone raising outside capital to invest in early stage tech startups. Usually these new funds are targeting a fund size of $1M-$10M debut fund. They could be actively raising a fund or planning for it one day soon.

Do I have to raise a fund to join?

The program will be most helpful if you are actively raising or interested in raising a fund in the next 1-2 years.

How do I join?

Head to the "Sign up" link above by Sunday, September 6, 2020, 11:59pm PT for the first cohort.

How many members will be admitted to the program?

We will admit a select group who are able to commit to the full series and able to make the most of the programs. We'd like to support as many members as possible while preserving the quality of interactions.

What are you looking for in program participants?

We believe the program will be most helpful to angel investors who are actively investing today and want to increase their investing activities even more. Thus, we hope to admit anyone showing early signs of actively investing in or formally advising startups.

How long is the program?

The program will run for approximately two months, from September 21st - November 13th.

When and where will the program take place? Will events be recorded?

All events will be hosted virtually. The program will run for approximately two months from September 21st - November 13th. We will make an effort to record panels for those who cannot make it, though we encourage participants to join whenever possible to deepen their relationships with cohort members and speakers.

What is the time commitment?

Cohort members should budget one hour per week for panel events, plus a few hours of independent or group work on fundraising-related activities.

Who will be teaching the program?

The content for each module comes from a stellar line-up of speakers, almost all founding partners of their firms: Josh Kopelman (First Round Capital) Ann Miura-Ko (Floodgate), Jeff Clavier (Uncork Capital), Brian Singerman (Founders Fund), Alexia Bonatsos (Dream Machine), Ray Tonsing (Caffeinated Capital), Ryan Hoover (Weekend Fund), Harry Stebbings (Stride.VC & 20VC), Avlok Kohli (CEO, AngelList Venture), Julia Lipton (Awesome People Ventures), Lachy Groom (LGF), Hunter Walk & Satya Patel (Homebrew), Bobby Goodlatte (Form Capital), Minal Hasan (K2 Global Fund) and many more to be announced.

What topics will be covered?

The program will cover five modules:
1| Evaluating Options and Transitions: Transitioning to a fund manager and choosing from the many options
2| Differentiation & Branding: Standing out from the crowd to LPs and founders
3| Mechanics of Fundraising: The brass tacks of actually raising money and from whom
4| Portfolio Construction: Returning a fund is extremely hard, and the secret to success lies in portfolio construction
5| LP Week: Get feedback from real LPs who invest in nano funds

How much does it cost?

The program is free for participants.

What's the difference between Afore AFM and other programs like On Deck Angels, First Round Angel Track, Susa Venture Fellows, and VC Scouts?

AFM is designed to equip you with the know-how, mentorship, and network to raise your own first fund, be it from friends, high net-worth individuals, family offices, or institutional funds. Through the program, you'll learn what investment path might be right for you, how to craft a fund strategy, structure a portfolio, and identify, pitch and close LPs. AFM is not designed to teach how to angel or venture invest, nor ask you to scout for or make investments on behalf of Afore Capital. We are big fans and support the many great programs currently in existence around those activities.