Every Thursday, 600+ angels get three angel network-backed deals and my weekly rundown.

Here’s what is left out:

• Which of those companies are still raising

• How to reach the founder

• A deal memo

• The pitch deck

• My thoughts on the deal

• Access to new deals the day I confirm the round is open, often a week or more before the newsletter

• The deals that cross my desk personally

That's where The Diligent Observer Exclusive comes in.

The Diligent Observer Exclusive is for investors looking for actionable deal flow.

The public newsletter tracks angel network investment activity, and many of those deals have already closed. Essential intel to keep an eye on, but with limited actionability.The Exclusive is for investors looking for more.

• Not just a notification that the company raised: you'll see deals that are still actively raising.

• Not just a focused 2-3 sentence overview: a fuller deal package, including a deck, details about the raise, traction, the competitive angle, risks, and my personal take, all in a simple, consistent, easy-to-navigate deal platform you can access 24/7.

• Not just deals backed by an angel group: you'll also get access to the deals that come to me directly.

• Not just deals on a publishing schedule: you'll see them the day I confirm the raise is open, often a week or more before they show up in the Thursday newsletter.

Where these deals come from

1. From the Newsletter: The angel network-backed pipeline. Every month, I track roughly a dozen new angel-network-backed deals across 110+ angel networks. This is what the public newsletter is built on. The difference for Exclusive subscribers: when one of those groups backs a company, I personally reach out to the founder or investor group to find out whether that company is still raising, gather additional information on the deal, and prepare a memo exclusively for subscribers. These deals have already cleared an investor group's diligence process, and if that's a signal you value, seeing the ones still raising is likely well worth your time.

2. Beyond the Newsletter: My private pipeline. I sit in a unique spot, and run into fascinating opportunities ALL. THE. TIME. Here are the circumstances through which I have built meaningful relationships and regularly source deals:

   1. I run The Diligent Observer Podcast, which is entirely focused on angel investors and through which I've personally interviewed 75+ angel network operators, VCs, and ecosystem players.

   2. I run The Diligent Observer Newsletter, through which I've tracked 200+ angel network investments from 110+ angel networks (see above).

   3. I run PitchFact, a service business that provides white-labeled infrastructure for angel networks, where my team and I literally run angel networks for a living.

Founders, investors, friends, and strangers approach me and my team with deals directly, often before anyone else has seen them. I don't share most of them. But when one's interesting enough for me to put some of my social capital on the line, I package it up, tell you why, and share it here first.

What to expect

The portal is live at all times, and a deal goes up the day a founder confirms the round is still open. Because the Thursday newsletter runs only three deals a week and that queue is usually booked weeks in advance, a company will often show up here well before it's announced publicly. Some go the other direction: the newsletter highlights a company, then I confirm the round is still open and it lands in the portal. If the round has closed by the time I reach the founder, it doesn't go in.

Every Tuesday, you'll get a recap of that week's new deals in your inbox.

Expect 3 to 5 live deals a month from the network pipeline, plus whatever comes to me directly. Some weeks bring several, some bring one. I'd rather send you nothing than send you filler.

When you want to learn more about a deal, click "Introduce me to the founder" and I make the introduction, or you can reach out to them directly. What happens after that is between you and the founder. I don't handle the transaction, take a cut, or get paid by the company.

Founding member pricing: $50 / mo

The standard rate will be $100/month. I'm opening the Exclusive at half that for the first 25 members: $50/month, or $500/year (two months free).

Here's why the first 25 pay less. Backing something early, before there's a pile of reviews and a track record, carries more risk than joining once it's proven. The founding rate is how I price that in. As long as you keep your membership active, your founding rate holds, even after the price rises for everyone who joins later.

Once the 25 seats are filled, founding pricing closes and new members join at the standard rate.

Try it risk-free. Give it a full 30 days from the day you join. If you think "meh" afterward, email me and I'll refund you in full. Anything you've already seen is yours to keep either way.

One more thing before you claim a seat: the Exclusive is designed for accredited investors only. These are live, private raises, so I keep access limited to accredited investors. When you sign up, you'll need to self-certify that you qualify.

Important Legal Note: Nothing here is investment advice. Everything I publish is general information and is not personalized to anyone's situation. I am not a registered broker-dealer or investment adviser. I do not facilitate any investment or handle investor funds, and each featured company is solely responsible for its own offering. I am not paid by any company to feature it. The Diligent Observer Exclusive is funded entirely by subscriptions. I also run PitchFact, which provides operational infrastructure to some angel networks whose deals may appear here. Do your own diligence and consult your own legal, tax, and financial advisors before investing. Access is limited to investors who self-certify as accredited.

Gratefully,
Andrew Kazlow
Writer & Host, The Diligent Observer