EVALUATING AN INVESTMENT

Cybersecurity Angel Investors

Below is a list of eight individuals primarily based out of New York, New Jersey, California, and Washington DC. While most of these invest in pre-seed and seed-stage cybersecurity companies, some have participated in series A funding. The list is derived from a review of investors listed on platforms such as AngelList, Crunchbase and Signal. For each investor, we have provided the location, link to their profiles, email address, last investment, and an overview of the nature of their engagement with cybersecurity companies. We adopted different methods to arrive at the list; these we have summarized towards the end.

1. Michael Sutton

  • Location: Arlington, Virginia, United States
  • Profiles: LinkedIn; AngelList; Crunchbase
  • Email: Not available
  • Most recent investment: In November 2020, Michael, along with other investors, invested a total of $6 million in build.security.
  • All of Michael’s investments are in seed-stage cybersecurity companies.

2. Ray Rothrock

3. Alex Stamos

  • Location: San Francisco, California, United States
  • Profiles: LinkedIn; AngelList; Crunchbase
  • Email: stamos@stanford.edu
  • Most recent investment: In May 2020, Alex and others invested $16.2 million in Evervault.
  • All four of his investments are in cybersecurity companies. One of these investments is in a seed-stage company. Other investments contribute to series A round of funding.

4. Saam Motamedi

  • Location: San Francisco, California, United States
  • Profiles: LinkedIn; Crunchbase. The investor does not have a profile on AngelList.
  • Email: saam@greylock.com
  • Most recent investment: In October 2020, Saam invested in a cybersecurity startup, Apiiro.
  • Average check size: Saam has only one investment on record. This investment worth $35 million was made in collaboration with two other investors. His contribution is not available publicly.
  • According to Crunchbase, Saam “partners with entrepreneurs at the seed and early stages who are focused on new opportunities in applied AI, cybersecurity, data and machine learning infrastructure, and SaaS.”

5. Oliver Friedrichs

  • Location: San Francisco, California, United States
  • Profiles: LinkedIn; AngelList; Crunchbase
  • Email: oliverfriedrichs@gmail.com
  • Most recent investment: In June 2020, Oliver, along with three other investors, participated in series A funding round of Open Raven.
  • According to Crunchbase, he has four personal investments; three of these are in cybersecurity companies. One of these three investments was pre-seed funding.

6. Niloo R. Howe

  • Location: Washington, District of Columbia, United States
  • Profiles: LinkedIn; Crunchbase. The investor does not have a profile on AngelList.
  • Email: Not available
  • Most recent investment: In June 2020, Niloo, along with three other investors, participated in series A funding round of Open Raven.
  • According to Crunchbase, she invested twice in one cybersecurity company. Once at the seed-stage and then at series A stage. According to New America, Howe has been an “investor, executive and entrepreneur in the technology industry for the past 25 years.” In the last decade, she has concentrated primarily on cybersecurity.

7. David Dubick

  • Location: San Francisco, California, United States
  • Profiles: LinkedIn; AngelList; Crunchbase
  • Email: Not available
  • Most recent investment: In July 2020, David Dubick, along with four other investors, participated in series A funding round of Privacera.
  • According to Crunchbase, he has only one personal investment which is in a cybersecurity company.

8. Jon Soberg

  • Location: Palo Alto, California, United States
  • Profiles: LinkedIn; AngelList; Crunchbase
  • Email: jon.soberg@gmail.com
  • Most recent investment: In November 2019, Jon invested $3.5M in HMBradley along with five others.
  • Average check size: Jon typically invests $1.5 million.
  • According to Crunchbase, he specializes in “seed and Series A-stage startups.” Jon’s nine out of twelve investments listed on Crunchbase are in seed-stage companies.
  • As an investor, he is interested in tech and data and in particular invests in cybersecurity, IoT data companies, insurTech and vertical AI. However, only one of his investments is in a cybersecurity company.

Research Strategy

We used Crunchbase and AngelList to identify US-based angel investors with recent investments in cybersecurity companies. On Crunchbase, we filtered based on the type of investor (angel) and location (New York, New Jersey, California, and Washington DC). Next, we shortlisted individuals whose profile included the mention of “cybersecurity” in the description. This activity yielded 36 results. For all, we surveyed their recent investments to ensure that the investor made at least one investment in the last 12 months. Since this exercise did not yield 7-10 investors as requested, we tried an alternate strategy. We studied cybersecurity companies that have received pre-seed and seed funding from angel investors since November 2019. There was only one such company—Traced. However, its investors were not US-based. We then extended our period of study to include companies that have received early-stage funding since January 2019. This approach allowed us to discover investors, such as Oliver Friedrichs and Niloo R. Howe. In addition to this, we also reviewed the Signal profile of all investors to find co-investors with similar interests. Given the scarcity of information on US-based investors who primarily invest in pre-seed and seeds stage cybersecurity companies, we have included a few investors who participate in series A round of funding. We have provided the name of the investor, his/her location, links to different profiles, most recent investment and the average check size of the shortlisted individuals.

To calculate the check size for investors, we first scanned the web. Where this data point was not available publicly, we reviewed the investors’ previous investments to see if we can average the amount. However, for all investors, while the total money raised for a company was available, the investors’ individual contribution to this amount was not disclosed. Hence, we were not able to provide the average check size for all investors. In addition to the requested information, we have added excerpts from the investors’ biography on Crunchbase to indicate the nature of their interest and engagement with cybersecurity companies. For two investors, we were not able to find email addresses. To address this, we reviewed different directories (such as RocketReach), company websites, LinkedIn, and the investors’ profile description on Crunchbase, AngelList, and their Twitter accounts. However, it appears that their email address is not available in the public domain.

About author

Articles

Glenn is the Lead Operations Research Analyst at Research for Finance with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.
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