About a third of the deals I’ve seen on AngelList recently share a disappointing trait — the syndicate lead has only invested $1,000-to-$2,000. This is almost always a red flag, because it’s a sign that the lead has a low amount of conviction in the deal. And that small investment amount doesn’t affect the carry percentage the lead will receive on any upside. If the overall syndicate raises $300,000, the lead gets 15% of the upside…