AngelList Stock

Utsav Somani, former CEO of AngelList India, has launched a member-exclusive club called Offline for start-up founders and CEOs. The platform, which has already raised $2 million from micro-VC funds, aims to provide founders with a private space for personal and professional growth. The venture is inspired by US-based startups like Tiger 21 and Hamptons, and plans to expand to Singapore and Dubai.

AngelList is expanding into the private equity sector with the acquisition of fintech startup Nova, which specializes in investor management software for institutional private funds. The move is part of AngelList's strategy to support startups throughout their lifecycle. Nova will operate as a business unit within AngelList and its products will be integrated into AngelList's offerings. This acquisition marks AngelList's entry into a new market and demonstrates its commitment to broadening its suite of products and services.

AngelList, currently transitioning to its new name, Wellfound, connects job seekers with startup companies. The platform is lauded for its user-friendly interface and expansive startup community. However, it is critiqued for its lack of certain features, such as salary range filters, and for its concentration on IT jobs. User complaints also highlight issues with account closures and scam messages. Despite these drawbacks, most users have reported a positive experience with the job board.