In the heart of the global COVID-19 pandemic, Keith and Satish connected on Topanga Beach, California over the shared frustration of an excess of deal flow juxtaposed with large amounts of non-accredited capital looking to invest in the private marketplace companies.

As full-time professionals with a passion for startups, we found ourselves seeking to invest in a variety of innovative ideas while the public equity markets continued to behave irrationally. As the influx of startups’ “friends and family” rounds available for us to join rapidly increased, we realized that our own capital wasn’t enough. As we spoke with friends, we found many other like-minded individuals were looking to invest in attractive private companies. They lacked opportunities to invest, were prohibited by accredited investing rules, or both.

We worked with lawyers experienced in venture capital to create a way to allow us to combine our deal flow with investors other than ourselves. This led to the creation of a syndicate that allowed individuals to invest in companies we believe in without exposing ourselves or founders to SEC sanctions or penalties.

Independently we’d already angel invested in a few startups. Our first investment raised over $200,000 to capture SpaceX employee tender through an SPV, aptly named “Interplanetary Fund”. This opportunity later developed into SpaceX’s series M, which led to institutional investors pushing out our scrappy little vehicle.

Learning from this opportunity, we realized that our access to exclusive deals, ability to rapidly compile capital, and established legal architecture positioned us to invest in other exciting opportunities we believe in.

We decided to formalize our venture in memory of our first failed investment, aptly naming ourselves “Intergalactic Angels,” acknowledging that the sky isn’t the limit. Our investment thesis is simple: we invest in ideas and founders that seek to create a world better than it was before we arrived in it.