My friend Meb Faber just put out a must-read document about online angel investing.
It’s long — but it’s well worth the read. Meb reveals his biggest wins, his favorite AngelList syndicates and lessons he’s learned since he started.
Here’s an excerpt. (Note that the Grove Collective company is actually called Grove Collaborative.)
We had the founder of Grove Collective on the podcast recently. Grove was a 2016 investment via Phil Nadel (another podcast alum — he mentions Grove in the episode in 2018). They focus on eco-friendly home essentials and have executed with laser focus, blowing by unicorn status well on their way to greater heights. I think there is real decacorn potential for Grove (that’s a $10B valuation).
There’s also ShipBob, a global logistics platform that fulfills e-commerce orders for direct-to-consumer brands, which was a 2016 seed investment. They’ve raised hundreds of millions in funding with a unicorn valuation, and are continuing to grow like a weed. (Had to update this today due to new funding announcement.)
It’s a great read. I highly recommend it. If you don’t know Meb, you should follow him on Twitter and listen to his podcast. He’s a very smart guy with a lot of original ideas about investing.
He also runs an ETF firm called Cambria Funds. Cambria has some very unique ETFs in its lineup. I personally like EYLD, the Emerging Shareholder Yield ETF. It algorithmically picks emerging market stocks that have substantial, growing yields and net buybacks.
Have a great week, everyone.