TCT Exclusive: Cindy Bi, General Partner @ CapitalX We're thrilled to announce this week's exclusive with Cindy Bi, General Partner at CapitalX! Coined a "Super Angel"…thecaptable.substack.com How did you start out with regards to your career? I was quite fortunate to receive a full scholarship at Georgia Tech to study Civil Engineering but quickly fell in love with spatial data analysis and GIS (Geographic Information System) at a summer internship job so I quit the PhD…

Cindy Bi uses social media and gut instinct to raise from LPs across the globe — Seif Salama / Marketing, AngelList Venture — Notable LPs include Marc Andreessen & Chris Dixon, David Sacks, Super Angels with multiple unicorns (Michael Liou, Kal Vepuri), GPs at multi-billion funds, breakout winner portfolio founders, founding/executive members at Square, Stripe, Twitter and other tech companies etc.

I did a quick scenario analysis of my past angel portfolio in 2016 and 2017 as if it were a rolling fund setup with annual vintages. The conclusion looks obvious to me — Micro LPs can expect to see higher returns from rolling funds with smaller capital that’s focused on…

By design — I tie my upside with GP carry. I will reinvest 80% of my management fees back into the fund with $200,000/year minimum GP commit — this is my skin in the game. I aim to make my LPs rich(er) who are in return encouraged to (reinvest the profit or) invest even more capital back into more startups — this makes my job a lot more meaningful. Track record: 1 in 10 seeded startups has high potential to become a future unicorn including 3 unicorns from 2012, 2014 and 2017 seeds.

Linked is my AngelList Fund Page for capitalx.vc #fundraising Fund Terms ← click to find out more about my “skin in the game”. Top Track Record I’ve seeded more than 100 startups that have raised $7B+ follow-on VC funding with combined valuations of $30B+. …

Four unicorns later Zapier — 2012 Seed. Profitable. Remote-only. Cruise — 2014 Seed. Unicorn Exit in 2016. Valued $30B in 2021. Rippling — 2017 Seed (SPV). $1.35B valuation. Boom Supersonic — 2016 Seed. Unicorn with $50M Series C. High Hit Rate 4 x $1B+; 5 x $500M+ (Retool nears $1B valuation). 10 x $250M+; etc. Notable…

I got inspired by Gumroad founder Sahil’s notes on his success getting into deals, so below I list some fun facts to demonstrate how I’ve won over founders to invest in their startups: from burger dinner, BBQ party, personalized & persistent messages, warm intros, matchmaking stories, “don’t get me fired”…

I published a preliminary analysis of my startup investments via a tweet storm back in December 2019, and here is a quick summary by popular demand. I’ve invested in more than 100 startups and 8 VC Funds since 2011, mostly via my previous fund and recently with my personal capital. …

Note: please check out “Startup Portfolio Highlights” via the medium post here What’s the X, Y, Z here? X is @CindyBiSV‘s name initial, @Ycombinator was her main deal flow when Cindy invested part time as Founding Partner at Z fund since 2011. In the mean time, Cindy was also a full-time operator at a file API…