Can a Small Angel Investment Be Used to Warehouse a Deal and Later Match Fund Investment Thesis?
Question around investment sizes when warehousing a deal: The angel checks I write are much smaller than what I would be writing out of the fund. I want to invest in a great founder which closes by EOY. We have discussed me coming in on a smaller angel check to warehouse the deal and then assuming I can first close basically follow-on with capital that would bring the investment size to match fund investment thesis (FWIW if I were to fail closing the founder is ok with just having me as an angel). Is that a viable path? Can a small investment be used as a warehoused deal?