On Deck angel fellowship (ODA)

Level up your angel investing while growing your network

The On Deck Angel Fellowship is an eight-week remote program for angel investors who want to build deal flow, develop their investing approach and build lasting relationships. We combine a curriculum, exclusive access to the On Deck network and an incredible community to help you discover and get into great deals.

In partnership with

Everything you need to become a prolific angel

Get access to exclusive deal flow and a navigate the overwhelming landscape of angel investing – surrounded by incredible peers.

Discover new deals by meeting founders early

As a part of the On Deck Community, you get unique access to meet with fellows in the Founder Fellowship before they formally begin their fundraise. On Deck Angels regularly share and discuss deals to gain conviction.

Expand your network with world-class fellows

Community is magic when people are everything-- we carefully curate each cohort to have a diversity of backgrounds, experiences and deep expertise. Tap experts in ODA to round out your diligence process.

Develop your investment acumen

How do you evaluate a deal? What questions matter most at what stages? Learn from established investors and your peers on how to put together your own diligence framework

ODA in numbers

150 fellows, 250+ introductions, 35+ investments into companies from ODA deal flow.
Over 150 world-class fellows participated in the first 2 cohorts.
300 introductions
Over 300 introductions have been made between On Deck Founders and On Deck Angels.
100 top deals shared
Over 100 deals shared in the Angels community, with opportunities to participate in competitive rounds.

Join a world-class community of angels

Community is the core of the Angel Fellowship. Here are just a few of the phenomenal Fellows who participated in our first and second cohort.
Michael Vaughan
Former COO, Venmo
Nick Caldwell
VP Engineering, Twitter
Soona Amhaz
Co-founder, Token Daily
Neeraj Berry
Cofounder, Sprig
Celine Halioua
Co-founder and CEO, Loyal
Jonathan Swanson
Co-founder, Thumbtack
Dan Romero
VP, Coinbase
Elizabeth Weil
Angel Investor
Sheel Mohnot
Angel Investor
Jesse Genet
Founder/CEO Lumi
Deon Nicholas
Founder/CEO, Forethought
Miles Lasater
Founding Partner, Purpose Built Ventures
In partnership with

Apply for the Angel Fellowship

The On Deck Angel Fellowship is an eight-week remote program for angel investors who want to build deal flow, develop their investing approach and build lasting relationships. We combine a curriculum, exclusive access to the On Deck network and an incredible community to help you discover and get into great deals.
Apply Now
Application deadline: September 27th, 2021
Kick-off: October 3rd, 2021

Testimonials

Our Fellows are the heartbeat of our community. Here's what they have to say.

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Aashni Shah

I'm in @beondeck #ODF4 for the last few weeks and it's easily the best decision I've ever made. It's a perfect combination of what I love about school - fun, engaging, incredible community and lots of valuable knowledge without the tests.

Plus the community is so so helpful!

Michael Houck

Pre @beondeck: Vague ideas + working alone + unclear paths forward

Post @beondeck: More defined ideas than I have time for + 2 cofounders who love to hustle + a growing, unique business

Meeta Sharma

Choosing to be a part of #ODW1 was easily the best decision of this year. I found a group of people who are invested in each other's growth and the growth of the creator ecosystem at large. Cannot recommend it enough.

Cameron Prouse

Only 1 week into's First 50 Fellowship program and I am soooo totally blown away.

Can't wait to get at it tomorrow for week 2!

Brett Goldstein

Since starting @beondeck, I've been happier and more creatively fulfilled than at any other point in my career (my mood tracking data shows it).

This community is magic. Momentum is a hell of a drug.

My DMs are open if you're thinking about applying!

Matt Restivo

I thought I knew talented people. Then I joined @beondeck.

Aditi Parekh

Searching the directory for any startup-related questions before searching on Google or Twitter 🤟

Dom Potter

For me @beondeck is so exciting because it is becoming a platform for bundling of the many strands of identity of ambitious people who want to change the world.

Wallace Torres

Needed some help making some connections, going over my deck. Sent out the bat signal and have had at least a dozen @beondeck fellows pitch in.

If you're wondering what the program is like, it's this tweet over and over and over again.

CS Freeland

Wish I was a part of every @beondeck cohort lol. What a badass concept, and they are really changing the game. Can’t wait to see the outcomes next year.

Nicaia

Mannnnn @beondeck's just scooping everybody the heck up.

If @beondeck were to create a physical product, it'd be where some of the top talent of the world hangs out.

Concentratedly.

Luba Yudasina

One of the best decisions of the last 2 years was joining @beondeck. So grateful to witness their growth first hand ❤️

Thank you @eriktorenberg and @david__booth for building something this special!

Joey DeBruin

Not only is community the new scarcity, it's absolutely a cold-start problem. Before @beondeck, I hated "networking." After, I have the opposite problem: too many genuinely energy-adding connections which keep branching out into more.

Ellie Howard

Just had the nth conversation with a fellow ODFer who feels, like me, that @beondeck has meant they've finally found 'their people'. @david__booth @eriktorenberg @julianweisser and the team are alchemists ✨#ODF7

Kai Faust

I’m **very** impressed with @beondeck’s Founder Fellowship. It’s super well run. The entire experience has been smooth, valuable, and fun. Clearly a lot of work goes into running this operation.

On Deck Sessions

Learn from renowned investors and your peers through frequent knowledge-sharing sessions.
Syndicates 101
Community Session
Syndicates 101

Paige Doherty (ODA3)

,

Founder and General Partner at Behind Genius Ventures

Fireside chat

Syndicates 101

Paige Doherty (ODA3)
,
Founder and General Partner at Behind Genius Ventures

About this session

In this session Paige Doherty, Founder and General Partner at Behind Genius Ventures and On Deck Angel fellow, discusses all things Syndicates & SPVs, including tactical tips about organizing SPVs.

Paige has organized syndicate deals with co-investors like Kleiner Perkins Scout Fund, Village Global, Backstage Capital, Accel Scout Fund, and Bessemer Venture Partners. In this session, she talks through the how and why of investing in & leading syndicates.

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PMF and Building Great Products
Community Session
PMF and Building Great Products

Anand Chandrasekaran

,

EVP of Product at Five9

Fireside chat

PMF and Building Great Products

Anand Chandrasekaran
,
EVP of Product at Five9

About this session

In this session, Anand joins us to share key insights and actionable takeaways to help angels support founders in reaching the elusive goal of achieving product-market fit, drawing upon his years of experience both as a product leader and as an active seed investor.

About the speaker:

Anand is currently the Executive VP of Product Management at Five9. Previously, Anand co-founded Aeroprise Inc. and was Director of Messenger Platform at Facebook, CPO at India e-commerce leader Snapdeal/Freecharge, CPO at Bharti Airtel,  and Sr. Director for Search and Mobile at Yahoo! Anand is also a part-time seed investor in 60+ startups.

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Speakers & Curriculum

Some of these world-class speakers joined us for our previous cohorts:
Reid Hoffman

Reid Hoffman

Partner, Greylock
Sarah Tavel

Sarah Tavel

Partner, Benchmark
Anne Dwane

Anne Dwane

Partner, Village Global
Keith Rabois

Keith Rabois

Partner, Founders Fund
Mike Maples

Mike Maples

Cofounding Partner, Floodgate
Ann Miura-Ko

Ann Miura-Ko

Cofounding Partner, Floodgate
Elad Gil

Elad Gil

Entrepreneur, Investor
Scott Belsky

Scott Belsky

CPO, Adobe; Investor
Avlok Kohli

Avlok Kohli

CEO, AngelList
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Getting Started

Get to know your cohort

Curated introductions and icebreaker-style sessions so you can determine with whom you want to go deeper.

Get plugged into the On Deck Universe

From community-wide events to ODF deal flow and our First Look pitch feedback program, get acquainted with all ODA has to offer
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Foundations

Developing your Angel brand

How you position yourself as an investor to entrepreneur can be the difference in winning or losing allocation in a competitive deal

Developing exclusive deal flow

Who should you choose to share deals with, and how do you become an ideal co-investor?

Understand the Changing Angel/Venture Landscape

Go deep on the key trends influencing the angel/venture landscape including rolling funds, syndicates, solo capitalists, rising valuations, and more.
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Deal Making

Deal reviews and benchmarking

In small groups, evaluate early stage deals and benchmark against potential competitors.

Develop Your Diligence Framework

Drawing from best practices, develop your own framework for evaluating deals and tapping your network.

Competitive rounds

How do you secure allocation in a competitive round? How do you punch above your check-size?
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After the Deal

Providing Value

How should you think about allocating your time amongst your portfolio, supporting with strategy, hiring, and any unique value that earned your place on their cap table.
INCLUDING...
Exclusive deal flow
Get early access to pre-seed deals coming out of the On Deck Founder Fellowship
Group deal review
Discuss pitches and active deals with other Angel Fellows to gain from their perspective
Social events
Social events with other Angel Fellows, and topic-driven social events with Founders, Writers and VCs
Programming
Learn from experienced investors and industry leaders through deep dives, fireside chats, tactical sessions, workshops, and more.
Masterminds
Meet weekly in a small group of 6-8 people that acts for accountability and support throughout the ODA program.
Pitch sessions
Turn the On Deck Angel’s Community into a component of your value add by bringing founders from your network to pitch other ODA investors.

The On Deck Method

We're building a modern educational institution that redefines how community and learning come together. Being part of any On Deck program means you’ll have access to a community of world-class professionals. With every new program we launch and cohort we start, your network gets stronger.

Here are the cornerstones of the On Deck experience:

Deep Friendships

Our virtual fellowship programs provide members with community, education, and support. This is a place for cohort-style learning, but also deep personal connections.

Unparalleled Knowledge

There are limitless opportunities for learning and sharing here. You’ll get access to expert speakers, office hours, build weekends, and our session library full of curated content. Dig in!

Community Diversity

We’re proud to have a community diverse in culture, thought, and life experiences. This enables revolutionary ideas, inclusive solutions, and boundless growth opportunities.

Scaled With Software

We’re building in-house tools to improve how we share community knowledge, aligned opportunities, and helpful connections.

Engineered Serendipity

When everyone is going through a shared experience and seeking similar goals, incredible things happen.

Spirit of Service

One of the things we love most about our community is how willing and excited members are to support one another. This spirit is the strong heartbeat of the On Deck community.

Apply for the Angel Fellowship

The On Deck Angel Fellowship is an eight-week remote program for angel investors who want to build deal flow, develop their investing approach and build lasting relationships. We combine a curriculum, exclusive access to the On Deck network and an incredible community to help you discover and get into great deals.
Apply Now
Application deadline: September 27th, 2021
Kick-off: October 3rd, 2021

FAQ

What’s the goal of the On Deck Angel Fellowship?

On Deck is on a mission to 10x the number of founders building world changing companies.

To accomplish this goal, we also want to help increase the number of experienced operators-turned-investors backing these founders and companies.

When startups raise capital, who they choose to raise from can have a critical impact on their trajectory.

World-class founders love raising from other established founders and experienced operators who have been there before, can provide relevant advice, and open up their networks to find new customers, potential hires, and more.

But just like starting a company, getting started as an angel investor is fraught with risk and uncertainty.

* How much capital should I allocate?”
* “What is the right valuation, and do the terms make sense?”
* "How do I evaluate opportunities in this industry, or find experts to help me evaluate?"
* “How should I reference this founder, or understand if this team’s experience fits the problem they’re trying to solve?”
* “How much do I weigh traction against other positive signals?”

The goal of ODA is to build an amazing community and peer learning environment around cohorts of established founders and experienced operators; helping them accelerate their journeys to becoming world-class angel investors.

What does it cost? What do I get as a participant?

In lieu of a program fee, for all investor fellowships we ask you to contribute to the On Deck Access Fund. For the Angel Fellowship, we ask for a $5,000 donation that enables two fellows to partake in the On Deck Founder Fellowship.

As a participant in On Deck Angels, you get: 
1) An 8-week program & curriculum, including hundreds of hours of live programming, breakout sessions and masterclasses across the On Deck Angel and Founder Fellowships.

2) Access to the online community and On Deck Directory (sneak peek here). You’ll have visibility into the various projects and ideas fellows are working on, opportunity to engage in online forums, and host discussion groups/workshops with our founders.

3) The opportunity to participate in official On Deck investor programming, including office hours, our “first look” investor program, founder pitch days, and to request introductions directly to 1,000+ ODF founders at the most formative stages of company building.
4) And ultimately: the life-changing opportunity to build relationships with a group of high potential co-investors, talented founders and operators: a network and talent “asset” that will follow you deep into your investing career.

Who should apply?

To join ODA, you are likely:

* A current or past founder of a technology company with deep knowledge of your market;
* A technology executive or otherwise experienced “operator” with experience building/scaling startups, and/or leading teams at notable tech companies, looking to pay it forward and share your experience.
* Someone with a unique background or lived experience, knowledge of an industry or technology that gives you access to and/or ability to help founders working on problems with which you are familar.
* Passionate about learning the craft of angel investing and helping founders succeed.

What is the time commitment?

We regularly describe the On Deck Fellowship as a “buffet”, and ODA is no different.

Both programs are very much a “you get out what you put in” community: often the biggest contributors are also the biggest beneficiaries.

Depending on your schedule and interests, you could choose to:

* attend everything and “gorge” yourself on knowledge until you explode;
* tune in at your leisure to attend sessions that interest you; or
* just search the directory and connect with interesting people 1:1.

There’s no pressure to invest in any companies or founders you meet: you can invest at your own pace and remain focused on your company. Most participants invest in companies they’re already helping. To make the most of the active 8 week cohort, we recommend you try to commit to 2 hours per week of engagement with the program.

Do I have to be an accredited investor to join?

Yes, the On Deck Angel Fellowship is for accredited investors only.

We want the ODA community to be a safe space to share information about active fundraises, deals you’re seeing and considering participating in. Unfortunately, this means we have to restrict access to accredited investors only.

Accredited investors are individuals or entities that meet standards defined by U.S. securities regulators which allow them to invest in certain private securities offerings. Most startups raising money do so from accredited investors only.

You should read the full definition here, but in brief this includes:

1) Individuals with annual income over $200K individually (or $300K with spouse) in each of the last 2 years and an expectation of the same this year.

2) Individuals with net assets over $1 million, excluding their primary residence (priced common stock or vested shares in a startup can count).

3) An institution with over $5 million in assets, such as a venture fund or a trust.

4) An entity made up entirely of accredited investors.

While this regulation itself is problematic for a number of reasons, the consequences of not playing by SEC rules are high and mostly fall on founders, so we have to be strict here.

Is this a virtual only program?

Yes: just like ODF, the On Deck Angel Fellowship will be run entirely virtually/remotely. This enables participation from all corners of the world. With the On Deck Founders Fellowship, we've demonstrated our knack for mastering the playbook in building remote communities and relationship building online, and apply the same approach here.

Our community is strong in several hubs around the world mostly notably in the San Francisco Bay Area. As soon as the coast is clear post-COVID, we’ll be back to organizing frequent offline programming including dinners/small gatherings and retreat.

Is this just for people who want to be VCs?

No, we expect that most participants will be founders and operators who plan to continue operating and building companies as their “day job” while scaling up their investing on the side. If you are a VC, we suggest you check out the On Deck VC Fellowship.

We see entrepreneurship as a career that goes from founding and building startups to investing in them. You’ll learn how to be a better operator from the other investor/operators in your program. You may start one or two companies over your career—but you can invest for a lifetime.

Can I join ODA as well as the On Deck Founder Fellowship?

Yes! Many ODF Fellows are excited founders and experienced operators who are investing in addition to building their own companies. We’d love to have you involved in both, or take one after the other depending on the optimal timing for your founder journey.

What are the Guiding Values of On Deck?

You can view our values here, but to summarize: Service, Sacredness, Respect, and Gratitude.

How long will I have access to the community?

After the fellowship ends, you’ll maintain access to your cohort and community.

Did we miss your question? Drop us a line and we will get back to you asap.
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