In reality, big syndicates see only 5% of their LP base commits an average of at least $10,000 per syndicate, which translates to 314 LPs for commitments over $10,000, 131 for $20,000, 53 for $30,000, 46 for $40,000, 40 for $50,000, and just 15 for commitments exceeding $100,000.
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Angel Investing Unpacked
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In reality, big syndicates see only 5% of their LP base commits an average of at least $10,000 per syndicate, which translates to 314 LPs for commitments over $10,000, 131 for $20,000, 53 for $30,000, 46 for $40,000, 40 for $50,000, and just 15 for commitments exceeding $100,000.