College Scout Investment Framework
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A strategy for breaking into startup investing by becoming a scout for established investors, leveraging AngelList's new tools that make deal splitting easier.
The Scout Strategy
- Contact 4 favorite investors weekly
- Send structured emails highlighting interesting startups
- No need to ask for a job directly
- Focus on providing value first
Email Framework
- Introduce yourself with clear expertise/angle
- Example: "I'm a developer watching the tech scene"
- Example: "I'm into music watching that space"
- Commit to sending 3 interesting startups weekly
- Ask only for optional one-line feedback
- Can be about why it's stupid or awesome
- Don't require lengthy responses
Follow-up Process
- Send consistently for 3 weeks
- If no response after 3 weeks:
- Move on to different investors
- Find new targets to pitch to
Expected Outcomes Within 1 Year
- Build a portfolio of startup equity
- Gain experience in:
- Sourcing deals
- Due diligence
- Pitch preparation
- Working with professional investors
Why This Works
- Fun way to learn startup investing
- Play "fantasy investor" while building real relationships
- No capital required to start
- Leverages AngelList's new tools for deal splitting
- Creates win-win for both scout and investor
24:13 - 26:39
Full video: 53:08SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.