Here's how to invest in a startup with DuckDuckGo's Gabe Weinberg - Technical.ly Philly

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Jul. 29, 2015 10:12 am

Here’s how to invest in a startup with DuckDuckGo’s Gabe Weinberg

One of Weinberg's most recent deals has a Philly tie — it's the new startup from Ticketleap founder Chris Stanchak and his wife, Jenny Stanchak.
Gabe Weinberg, DuckDuckGo founder, angel investor.

Gabe Weinberg, DuckDuckGo founder, angel investor.

(Courtesy photo)

Now’s your chance to get in on a deal with Gabe Weinberg.

The DuckDuckGo founder has been angel investing since 2009 and now, he’s launched a syndicate on AngelList — it’s a way that investors can co-invest with him on deals. Any accredited investor can co-invest with Weinberg for at least $1,000. He said he’d love to get more local angels involved.

See the syndicate

Investors can either choose on a deal-by-deal basis or choose to back every forthcoming deal. The 21 backers listed on Weinberg’s syndicate site — including Uber investors Scott Banister, who invested in DuckDuckGo, and Jason Calacanis — have not yet co-invested with Weinberg (at least to his knowledge), but their presence on the syndicate means they’re interested in doing so, Weinberg said.

Weinberg has only syndicated one deal so far, and there’s a Philly connection: it’s a new startup from Ticketleap founder Chris Stanchak and his wife, Jenny Stanchak.

The couple moved out to San Diego two years ago to be closer to family and to pursue Jenny’s startup idea. The startup is called Loveseat, an online vintage furniture platform. Chris Stanchak is CEO and Jenny Stanchak, who was an early developer at Venmo, is the company’s CTO.

Weinberg’s other most recent investments include the Cambridge, Mass.-based Radial Analytics, Philly stealth-mode startup Zoomer and NYC-based AlphaPoint, founded by former Philly entrepreneur Vadim Telyatnikov. Of those deals, he wrote:

My last few deals (Loveseat, Radial, Zoomer) are indicative of my intentions for future deals for this syndicate. For each, I’ve known the founders for years, two of which having invested in their previous companies. They are each taking much bigger swings this time around, in furniture, delivery, and healthcare, respectively, and their passion for attacking truly large problems drew me in. These types of deals are few and far between, and so I do not expect to syndicate that many deals.

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He describes himself as a location-agnostic investor. On the AngelList site, he writes: “much of my dealflow comes from my personal network, which is centered around Philadelphia, where I’ve lived for nine years, and Boston, where I lived for nine years before that, attending MIT and running my first two companies.”

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