Investing in the next generation of Stripe alumni

An angel syndicate composed of former Stripe employees helping early-stage founders build exceptional companies.

About Xtripe Syndicate

Why did we start this collective?

We believe in the future potential of the Stripe network and how it can benefit the next generation of startups. The Xtripe Syndicate is an opportunity to leverage our collective expertise to accelerate and increase the overall value of startups where we invest. It's also a chance for Stripe Alumni to get introduced to investing.

Who do we invest in?

We prioritize pre-seed & seed-stage companies led by exceptional founders, working in areas where the expertise of our alumni network can add value (fintech, developer products, B2B SaaS, risk management, etc.). We're also partial to Stripe Alumni starting companies.

Portfolio

Mosey

Easy state registration and compliance management for hiring anywhere

January 2021

Founded by Alex Kehayias

Wholesail

Accounts receivable automation system for businesses of all sizes

June 2021

Founded by Eli Chait and Corey Reese

Arc

Digitally-native investment bank for startups

July 2021

Founded by Don Muir and Nick Lombardo

Encuadrado

Software for Latin American businesses to schedule, pay, and invoice

September 2021

Founded by Thomas Maremaa

Vela

Multi-platform ecommerce optimization for sellers

January 2022

Founded by Justin Killian

Stainless

Platform for high-quality, easy-to-use APIs

July 2022

Founded by Alex Rattray

Elliptic (fka Griz)

Production-Grade Search and Retrieval

August 2022

Founded by Christian Griset

Versa (fka Bend)

Smart receipts for your business spend

September 2022

Founded by Ted Power

Userfront

Secure authentication and access control platform

January 2023

Founded by Tyler Warnock

Plenty

Simple multiplayer investment and planning for modern households

April 2023

Founded by Emily Luk and Channing Allen

Ash Wellness

Switch on health testing nationwide

April 2024

Founded by David Stein

Inversion Space

Making Space a Transportation Layer for Earth

July 2024

Founded by Justin Fiaschetti

Macro Oceans

Building a big kelp economy for a low-carbon future

January 2025

Founded by Matthew Perkins

Syndicate Leads

Anthony Kline

Partner - The General Partnership

Stripe: 2016-2019 (SF)

Talent + M&A

Danika Koenig

Head of Payment Operations - Stash

Stripe: 2015-2020 (SF)

Risk + Financial Partnerships

Milo Spirig

Member of Staff - Accrual

Stripe: 2015-2019 (SF)

Financial Partnerships

Frequently Asked Questions

What is the fund structure?

We are using the AngelList Syndicates platform. The main difference between a syndicate and a fund is that a fund collects money upfront and the general partners make the ultimate investment decisions. On the other hand, the syndicate invests on a deal by deal basis and capital is only called per investment. You ultimately get to decide which deals you want to invest in and which you want to pass on, so it's much more like angel investing.

How do I join the Syndicate?

You must be an accredited investor and sign up for an account on AngelList. Once you get approved from AngelList, join our private syndicate. In addition, join our channel #xtripe-angels in the Alumni Slack. This DOES NOT represent a legally binding commitment to capital.

Can I invite others to the syndicate?

You may invite other Stripe Alumni (Xtripes) and current employees.

Can only Stripe (Alumni) invest?

We prioritize internal capital from Stripe (Alumni). For certain deals we might co-syndicate or invite select individuals to fill up the allocation.

How much of an allocation do you ask for per deal?

We're seeking at least $100K allocation to start, more if there is strong interest and available allocation. AngelList charges a flat $8K fee per deal to spin up the legal entity structure (will be split pro rata among investors) so a deal will not go through unless we can raise $100K+.

What is the check size per deal per investor?

Historically people have invested an average of $5k to $10K per investment up to $100k.

Is there a management fee?

No, we do not charge a management fee. We want to create an active community where folks genuinely want to help out and long term interests are aligned.

What is the carry?

The syndicate gets a standard 20% of carry, which is the share of any profits realized from the investment.

Can I refer an investment opportunity to the syndicate?

Yes, absolutely! Many of our deals come through our alumni network, just send us a message. If the syndicate ends up investing into the deal, you will get a an equal 5% share of the carry.

How does the investment process work?

For every investment opportunity, we will meet with the founders and send out an investment memo. Afterward, we ask members to submit commitments through our form (give a 3-7 day deadline). If we see over $100k+ in commitments submitted, one of our leads will create the AngelList page and invite everyone who signed up to send their funds over AngelList (who then remits funds to the startup).

How many deals do we invest in per year?

Ultimately, you decide which deals you want to invest in. We expect to be very selective to start with a few deals per year, and we will see where the venture goes from there.

What if a deal is oversubscribed?

If the deal looks oversubscribed based on Slack soft commitments, we will enforce a limit on how much each person can contribute and accept funds on a first come first serve basis or honor prioritization requests from the founder.

What if I have competitive interests?

Please refrain from participating in deals where you have a competitive interest.

Do my Stripe shares count towards the accredited investor status?

Our non-legal answer is generally, yes (please consult with official legal counsel about your own specific situation before making important decisions). However, the accredited investor definition is known to be self-reported.

Mandatory disclaimer: Seed investing is a risky activity for sophisticated investors and there is no guarantee that you will see your money again. By participating, you certify that you know what you're doing.