Angel investing in people inventing the future.
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Ramen Ventures is an angel fund in Toronto, Canada. We're run by:
Adam is a founder (3x), angel investor (50+), and first VP Product at Shopify (NYSE: SHOP, $100B+).
Josh is a founder (3x), angel investor, and first Head of Engineering at Shopify (NYSE: SHOP, $100B+)
Ali founded Vanhawks, a Y Combinator-backed startup that made the world's first smart carbon fibre bike.
“Technology not only moves the human race forward, it’s the only thing that ever has. Without technology, we’re just monkeys playing in the dirt.” - Naval Ravikant
We believe that everyone should have the opportunity to be happy, healthy, wealthy, and wise, and that we should all live sustainably on Spaceship Earth.
Our mission is improve the lives of billions and the long-term future of humanity. We invest in mission-driven founders using emerging science and technology to solve important problems.
We'll back world-changing, crazy-sounding ideas across all markets: AI, aerospace, biotech, cleantech, fintech, health, SaaS, AR/VR, and more.
We help founders in a few unique ways.
We're friends first and investors second.
Our number one priority is that you're healthy and happy. We know how hard being a founder is - we're founders, too. That's why we're friends first and investors second. You can always be honest with us because, no matter what happens, you come first.
We're independent.
Unlike VCs, we invest our own money. We'll always act in your long term best interest because our interests are 100% aligned with yours, and no one else.
We help you grow into World-class founders.
We know first-hand what it takes to build a World-changing startup. We can help you build one, too.
We help you create a World-class company.
We've hired and lead hundreds of developers, product managers, and UX researchers. We can help you create a great culture that attracts and grows great people.
We help you create World-class products.
We've built products that have scaled to billions of dollars in revenue. We can help you create massively successful products.
We watch your investor updates for opportunities to help. But, the best founders call, text, and email us asking us with specific asks.
First, we look for a "Mission That Matters", like fixing important problems in Food, Health, Climate, Space, Transportation, etc.
Next, we look for a moonshot solution that's first, best, or unique. We call this having a "Bold Vision."
Finally, we look for founders with the passion, guts, and ability to actually create it. We call this having the "Right Team".
Our first cheque is $100,000-$250,000 and more later.
The process of getting an investment from us is fast, honest, and transparent.
Step 1 is to quickly understand if what you're working on fits our mission and investment thesis.
We ask ourselves our Screening Questions.
- Your deck (if you have one)
- A link to your MVP
If it's a fit, continue to Meeting.
If not, we share why it's not a fit.
Step 2 is to meet you and learn about your team, mission, and vision.
When we meet, we'll ask you our Meeting Questions.
- To meet you :)
If we're excited, we start our Learning.
If not, we share our feedback.
Step 3 is to learn about you and your market from others.
We'll reach out to your users and people you know and ask them our Learning Questions.
- Three (3) most recent monthly update emails
If things look good, we start Analysis.
If not, we share our learnings and feedback.
Step 4 is where we write an Investment Memo to decide whether to invest or not.
Nothing :)
If we think we should be supporters, we start Investment Diligence.
If not, we share our analysis.
Step 5 is our investment due diligence. It's just a quick check for red flags.
We ask ourselves our Diligence Questions.
The big things we need are:
- Cap Table (on a fully diluted basis including all option, note, and warrant holders)
- All past and current financing documents
- Subscription/Share Purchase Agreements
- SAFEs, Kisses, and Convertible Notes
- Right of First Refusal and Co-Sale Agreements
- Side Letters
- Important contracts (with suppliers, major customers, partners, etc)
- Your core patents
If there are no red flags, we invest and start helping.
If we can't, we tell you why.