Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There’s risk in startup investing as most investments don’t pay a return to the investor.

In running an angel network one must take steps to mitigate liability.

It’s a best practice to have all members sign liability waivers stating they understand the risk of startup investing and take responsibility for it.

The waiver should indicate that each member makes their own investment decisions and the angel group is not recommending any startup for investment.

Members in the group should provide full disclosure. 

If the member has any relationship with a proposed startup such as advising, consulting, or otherwise, the member should disclose this to the other members.

Each member can decide for themselves how that impacts their investment decision.

In syndicating deals to other groups, an angel network should have those groups sign liability waivers indicating that each investor is responsible for their own due diligence.

Finally, most startups are raising capital from angel investors who are doing so under an SEC exemption.

The angel group should have written confirmation from the members indicating that they are accredited investors.

Take care to cover these areas of liability for your angel network.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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In this episode, Hall welcomes John McEvoy, Managing Partner at Tribeca Early Stage Partners (ESP).

Headquartered in New York, New York, and founded in 2014, Tribeca ESP is an early-stage venture group primarily focused on pre-A and A-stage companies in FinTech. They have brought together a network of entrepreneurs and business leaders with deep domain expertise in institutional finance and technology. With approximately 50 accredited investors, they have the collective experience and perspective that touches virtually every facet of the institutional finance landscape. While they enjoy socializing, they are not a social club. They are here to invest capital and leverage their strong network to assist the companies in which they invest.

John is a passionate, serial entrepreneur who, since 1999, has started three companies focused on using technology to alter the traditional rhythms of the institutional finance space.

His first venture, Creditex – a hybrid electronic and voice brokerage trading platform for the credit derivatives market – was acquired by IntercontinentalExchange (ICE) in 2008 for over $600 M. He was also a founder and operating partner of eBond Advisors, which brought financial technology to the product level of a corporate bond – creating a more liquid financial instrument for investors while lowering financing costs for issuers. Finally, John founded a Bermuda-based reinsurance company backed by Wachovia Corp.

Prior to his entrepreneurial pursuits, John spent 13 years on Wall Street at PaineWebber, Bankers Trust, and Deutsche Bank in derivative structuring and sales. He has been an active angel investor, board member, and advisor to many young companies. He loves the entrepreneurial environment and process and is always willing to lend a hand or give advice when asked.

John advises entrepreneurs and investors in the fintech industry and discusses his investment thesis and some of the startups that fit his thesis. 

You can visit Tribeca Early Stage Partners at www.tribecaesp.com, and via LinkedIn at www.linkedin.com/company/5384379/admin/. 

You can contact John via email at john@tribecaesp.com, and via LinkedIn at www.linkedin.com/in/john-mcevoy-6ab7425/. 

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please subscribe, share, and leave a review.

Music courtesy of Bensound.