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Angel Investor (Individual)

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Investments

11

Portfolio Exits

5

About Avichal Garg

Avichal Garg is the CEO & Co-Founder of Spool, co-founder of PrepMe, and previously a product manager at Google.

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Latest Avichal Garg News

20VC: Why Crypto is Software Eating Money, Why Crypto Firms Will Outcompete Traditional Venture Firms, How To Price Tokens and When To Have Them, DAOs: How Are They Structured and What Makes One Successful with Avichal Garg, Co-Founder @ Electric Capital

Apr 11, 2022

20VC: Why Crypto is Software Eating Money, Why Crypto Firms Will Outcompete Traditional Venture Firms, How To Price Tokens and When To Have Them, DAOs: How Are They Structured and What Makes One Successful with Avichal Garg, Co-Founder @ Electric Capital Posted on 11th April 2022 by hstebbings1 Avichal Garg is Co-Founder & Partner @ Electric Capital , last month Electric announced they had raised $1BN for their new fund making them one of the largest independent and crypto-native VC firms in the world. As for Avichal, prior to Electric, he was an investor in crypto projects such as Anchorage, Bitwise, Lightning Labs, and OpenSea and unicorns such as Airtable, Cruise, Deel, Figma, Notion and many more. On the operating side, Avichal successfully sold his last company to Facebook where he became Director of Product Management for the Local product group, a team of 400 engineers responsible for billions in revenue. ) Origins into Venture: How did Avichal make the pivot from software to crypto investing? Was Avichal nervous when making the move to institutionalize what had been personal investing? What does Avichal know now that he wishes he had known at the start of Electric? 2. ) The Landscape: Crypto Investing How does Avichal assess the crypto fund landscape today? Will we continue to see a small number of firms (a16z, Katie Haun, Paradigm, Electric) dominate the market? What happens to all the small crypto funds that have been raised in the last year? Why does Avichal believe crypto investing is much more collaborative than venture investing? How can venture size returns be made if the ownership levels are so much smaller? 3. ) Crypto Firms vs Traditional VC Firms: Why does Avichal believe that crypto is software eating money? What does this mean for traditional venture? Who will survive? Who will die? Who will thrive? Why can generalist firms not compete with crypto native firms? How are the teams of crypto native firms structured so differently to those of traditional VCs? Do crypto projects and investments need the same level of service and help that generalist VCs provide with their platform services? 4. ) Tokens – Equity – Liquidity: When does it make sense to have a token vs not having a token? How are crypto tokens priced and valued? What do you need to know when buying tokens? How does the liquidity of crypto markets make it challenging for investor psychology? What is the biggest lesson Avichal has learned on when is the right time to sell? 5.) DAOs: 101 What makes one DAO successful and another not? What tooling and infrastructure are required to manage a DAO successfully? What does Avichal believe the vision of a DAO should be? How should they define success? Item’s Mentioned In Today’s Episode with Avichal Garg

Avichal Garg Investments

11 Investments

Avichal Garg has made 11 investments. Their latest investment was in On Deck as part of their Series A on March 3, 2021.

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Avichal Garg Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/25/2021

Series A

On Deck

$20M

Yes

2

10/21/2020

Series A

Pulley

$10M

Yes

22

2/5/2020

Series A

Lightning Labs

$10M

Yes

12

10/1/2019

Angel

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$99M

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10

6/3/2019

Seed VC

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$99M

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10

Date

3/25/2021

10/21/2020

2/5/2020

10/1/2019

6/3/2019

Round

Series A

Series A

Series A

Angel

Seed VC

Company

On Deck

Pulley

Lightning Labs

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Amount

$20M

$10M

$10M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

22

12

10

10

Avichal Garg Portfolio Exits

5 Portfolio Exits

Avichal Garg has 5 portfolio exits. Their latest portfolio exit was Setter on December 08, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/8/2020

Acquired

3

9/3/2020

Acquired

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10

8/18/2020

Merger

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10

4/6/2020

Acq - Talent

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10

8/6/2019

Acquired

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10

Date

12/8/2020

9/3/2020

8/18/2020

4/6/2020

8/6/2019

Exit

Acquired

Acquired

Merger

Acq - Talent

Acquired

Companies

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Valuation

Acquirer

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Sources

3

10

10

10

10

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