First Principle Venture Angels

Together we can help build a better future

First Principle Ventures was founded with the mission to build a long lived organization that drives the creation of impactful businesses that harness the extraordinary potential of exponentially growing technology innovation. FPV is dedicated to improving how people live their lives while ensuring exceptional returns on investment.

In addition to raising a “Digital Fund One” we are also forming a ‘coalition of angels’ - the First Principle Angels coalition. The investment areas are the same as the venture fund - opportunities in digital consumer services across sectors such as finance, health & wellness, education and entertainment. FPV expects these sectors to experience rapid disruption and new opportunities through emerging innovations such as AI and new platforms like Apple Vision Pro.

Please consider partnering with FPV and joining First Principle Angels and apply your experience and skills to help build a better future. Read more to learn how…

First Principle Angels coalition

Angel investing is a widely used means for experienced professionals to participate in the exciting world of startups without needing a tremendous amount of capital. However, angel investing can face challenges like sourcing opportunities, participating in later stage investments (i.e. series A) that require bigger ‘checks’ and finding the time needed for due diligence across a large number of startups. 

One approach in the world of angels to address this is a syndicate, where investment opportunities are broadcast to a set of angels for their consideration. This “deal flow” can be useful but does not address other challenges. 

First Principle Ventures recognizes these additional challenges and offers an expanded approach beyond mere syndication - a coalition of angels. This coalition is a good fit for those wanting to participate in angel investing but do not have the time or inclination to source and perform due diligence themselves. The coalition is essentially a micro-fund with a clear thesis, target sectors, founder criteria and nimble decision making. 

Funding, Commitments and Investment Decisions

First Principle Angels is actively seeking angel investors to bring a total of $1M - $2M in funding to support 10-15 startups over the next year. Since a coalition of angels is a fairly lightweight endeavor there are no management fees.

As a member of First Principle Angels your participation comes in two forms. First, choose your level of engagement with the fund on two aspects

• Evaluating opportunities High level involvement may include joining the ‘investment advisory council’. Low level of involvement would be more like a ‘fire and forget’ approach. All members receive all information about opportunities, whether an investment occurs or not.

• Supporting portfolio companies The goal is to help startups succeed. Your involvement with portfolio companies can range from active advising and mentorship through to being a champion and promoting the company or simply being a cheerleader.

Second, commit to either of these forms of funding

• Up front commitment, for example $50K-$250K over a year, with or without participation in per-deal evaluation support.

• Per deal evaluation, with an annual commitment of $50K-$250K. 

Investment decisions will be made by the investment committee of First Principle Angels . Funding for each investment will come from the pool of pre-committed funds. In addition, those members that chose per-deal evaluation will be able to opt-in to contribute additional funds for that opportunity. Opportunities that First Principle Angels chooses not to participate in are still available to members for their individual consideration and possible investment.

Where Opportunities Come From

Firsts Principle Angels will evaluate opportunities vetted by First Principle Ventures as well as opportunities sourced separately, such as through a “McKinsey Founder Network”, “Amazon Founder Network” and the Seattle CTO & startup community. While the Coalition will be an autonomous funding group, over time it will be partnered with First Principle Ventures as a traditional Limited Partner and a portion of the Coalition fund will be committed to FPV portfolio investments. In addition, select members of the Coalition will be members of the investment committee of FPV.  

How this works

Firsts Principle Angels uses AngelList to administer this fund, deal flow and communications. The coalition will be structured like a ‘syndicate’ and once you join new opportunities will be sent along with a summary prospectus. 

How to get involved

Simply send us an email at angels@fpv-group.com or if you already are an angel investor on AngelList visit our syndicate page https://venture.angellist.com/fpv-angels/syndicate and apply.

Let’s all work together to do good, while doing well.

One more thing…

We are finalizing our second investment this month and would love to have you participate in some way. This health tech startup helps women reduce the impact of PCOS (which affects 10%-20% of women) through glucose monitoring, diet, sleep monitoring and proprietary AI models and wellness protocols. With a solid team, working product, happy customers and strong peer referral rates we are very excited about this opportunity.