Source - https://techcrunch.com/2020/04/06/angellist-lays-off-a-number-of-staff-and-cuts-executive-salaries/

TL;DR - AngelList helps connect founders and investors, and it also connects startups with job-seekers. The coronavirus crisis and ensuing hiring freezes have led to a scaling back of the second function.

Helpfulness - 3

Tags - notable investors, angels, new types of vc

Questions addressed:

• What is AngelList?
• How is it structured?

Summary:

• AngelList is a platform connecting founders and investors that has $1.8 billion AUM.
• The platform laid off staff and cut executive salaries, mostly in its talent arm in response to hiring freezes by tech startups.
• AngelList has three branches: One for angel investors, one for products seeking funding, and one for startup job-seekers.

Follow up links:

• AngelList, https://angel.co/