Rayn “lesser-known” Ong @rayn_ong Twitter profile

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Rayn “lesser-known” Ong

@rayn_ong

11 months

Startup tshirt wardrobe 2023 vs 2019. The answer is 144. Can you find the easter eggs?

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Rayn “lesser-known” Ong

@rayn_ong

2 years

How to get on the young rich list, a practical guide 1.Marry rich, wife worth $350m 2.Invest in startups diligently 3.Debut on the young rich list with a $35m net worth (ranking last) I hope you are inspired by this tweet.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

For a very long time, my identity was “the first investor in Propeller” because I was the new kid on the block with no other portfolio companies😅. The 3 of us pitched every rich person we know for the first $1m round in 2015. Good news in the AFR today

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Rayn “lesser-known” Ong

@rayn_ong

4 years

$500m Blackbird (today) + $350m SquarePeg (July 2020) + $275m Airtree (Oct 2019) = $1.125b of VC money. Fasten your seatbelts people 💺 🚀

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Rayn “lesser-known” Ong

@rayn_ong

3 years

I have made over 100 direct angel investments. But my indirect investment in Canva is now worth more than everything else combined. AMA.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Setting up my out of office auto reply. See you in 2023.

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Rayn “lesser-known” Ong

@rayn_ong

9 months

I’m turning 41 tonight. That means I will be off the AFR young rich list tomorrow. Only because I am old, not for any other reasons.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

#igmi

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Rayn “lesser-known” Ong

@rayn_ong

4 years

What I want to do with my money and how I invest in startups are none of your business. I don’t need to write down 16 reasons on Twitter to justify it. 16/16.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

When a (self-deprecating) tweet blows up and ended up in the paper. 🤣

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Rayn “lesser-known” Ong

@rayn_ong

3 years

My first IPO tomorrow.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

“How do you get your deal flow?” People often think deal flow come from a newsletter you subscribe to, or an event you go to. It’s actually a compounding machine of all the little effort you put in, over many many years. And then deals will flow to you.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Amazing how @_Timdoyle can write a Linkedin recommendation that can easily be turned into a “how to angel with style” Medium post 🤣

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Rayn “lesser-known” Ong

@rayn_ong

2 years

#NewProfilePic Finally updated my 10 year old profile pic with some added professionalism.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Started my new job today, please support

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Any startup wants $1000? We are open for business.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Is the team photo background acceptable? I flew to Melbourne purposely for this.

Tech downturn no barrier to Archangel’s new seed fund

The tech downturn didn’t stop Archangel raising the first $20 million for its seed-stage venture capital fund in just three weeks.

www.afr.com

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Rayn “lesser-known” Ong

@rayn_ong

2 years

I can retire now. cc @blackbirdvc

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Rayn “lesser-known” Ong

@rayn_ong

2 years

I also bought all the newspapers around North Sydney. Sorry.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Just realised: . Josef raised $2.5m . Mindset raised $6.7m . Amber raised $20m All announced this quarter, all of them are members of the @startmate MEL18 cohort. What an outlier cohort!

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Rayn “lesser-known” Ong

@rayn_ong

5 years

3 years ago, I overpaid for this @carbarcomau puffer vest. This month I got my biggest exit to date from @DesmondHang , enough to buy a vest every winter for 8 generations. (Assuming 3% inflation, no ice age and 2 offsprings per kid) #vcVest

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Was in some remote/rural areas last few weeks purely💯 for investment due diligence purposes (hi ATO👋). Totally made me re-evaluate my priorities. Pics: newborn lambs and the legendary Unyoked cabin surrounded by pine trees 🌲

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Recent news: Eucalyptus $60m HappyCo $72m Carbar $28m One more $32m announcement incoming. It’s only February, gonna be a good year. Young rich list soon.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

I love a self promoting tweet occasionally, 46 deals sitting in my inbox this morning as a result. Worked through all of them and signed 2 term sheets today. If you like to read more short venture fiction from Rayn, please consider subscribing to my substack.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Just when I thought they have forgotten about the number one angel in North Sydney.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

I have never achieved this state of tranquility and clarity in my t-shirt collecting career. Thanks to IKEA and Marie Kondo for equipping me with the tool and the how. Who want to start tagging the logos?

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Already spending the Instaclustr money that I haven’t received.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Caught Covid 22 Dec. Fever 2 days, sore throat 4 days. Whole family now recovered and tested negative. Ready for business.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

If case you guys are wondering, the fundraising stages: 1. family & friends 2. friends & fools 3. family, friends and fools 4. pre-seed, no more fools 5. reluctant seed 6. post-seed 7. pre-A 8. bridge 9. bridge extension 10. series A

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Turning a $29m fund into a $250m fund. That’s VC magic. Congrats @blackbirdvc

'Vindication': Blackbird's $100m payday

Blackbird Ventures has sold a 40 per cent slice of its first fund for $100 million, representing the first major cash windfall for backers of a new wave of venture capital.

www.afr.com

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Rayn “lesser-known” Ong

@rayn_ong

3 years

From bracers to gin to exit. Thanks to @duellsy and @mattems for making all of us rich 💵

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Rayn “lesser-known” Ong

@rayn_ong

2 years

An Investor with a Recent Exit.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Announcing our boy band “Backstreet Fundies”, with the latest singles “Undies when the tide goes out”. Follow us on SoundCloud 🎶

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Rayn “lesser-known” Ong

@rayn_ong

1 year

We are giving back to the startup community. @archangel_vc will be open sourcing our latest legal template: CAFE (Complex Agreement for Future Equity). All 37 pages for free. Soonish.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Now that’s some social media worthy swag from @5B_Tech and @SignOnSite 👷🏼‍♂️🦺🏗

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Rayn “lesser-known” Ong

@rayn_ong

25 days

Extremely bullish for Surry Hills property price for the next 3 months.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Quick update re @archangel_vc 😇

Archangel

I have been angel investing for 6 years. Last month (July 2020), I made enough exits to break-even. This means my portfolio (60+ startups…

link.medium.com

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Today I upset a founder by giving him a quick no. He became defensive and challenged my investment process. Am I always right? No. Here are 16 reasons why I didn’t want to invest. Thread 1/16

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Rayn “lesser-known” Ong

@rayn_ong

8 years

Five things I look for in an Aussie startup.

Five things to look for in a good Aussie startup

[Update: an edited version of this post is now available on StartupSmart]

rayn-ong.medium.com

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Just updated my @startmate MVP 🏅resume to: 2018, 2020 and 2021. Get me drunk enough and I may tell you how I game the system.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Did my spreadsheet with @_BenArms today. I have 89 startups (above $10k cheque). 3 (partial) exits paid for 51 of them. Not counting the fat Blackbird distribution.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Just 2 guys trading alphas over some ice creams. @BradyFlockart

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Startmate Afterdark Clubhouse 9pm today. Bath your kids and get them to bed. If I’m drunk by then, I may leak some alpha. Come join us, or not, I don’t care. @laurenjcapelin @iaculch @startmate

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Throwback Thursday. My first exit. 7 years ago. Probably my first or second startup tshirt also.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Nothing beats exit money hitting your bank account. #angelBrag

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Rayn “lesser-known” Ong

@rayn_ong

6 months

Completed my performance review this week. Boss is happy with my media coverage.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Woot, guess who invested below $5m valuation?

Yolanda Redrup

@YolandaRedrup

2 years

Here's the first big local tech M&A deal of 2022 to kick off our Fridays. Instaclustr has been bought by NASDAQ giant NetApp, signalling a substantial return for its founders, OIF, @bailadorvc , and Level Equity:

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Just got a brand new MacBook Air from @ybernstein for $79/month. For paper rich but cash flow poor people like me that’s a great deal. 💻 Thanks

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Wearing my limited edition t-shirt to watch the @startmate demo day broadcast. Good luck to all the teams. Please DM me your favorites after the pitch so I can make my moves.

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Rayn “lesser-known” Ong

@rayn_ong

2 months

I went to a non-elite private school. But I never let the non-elite label slow me down. I made tens of millions of AUD by investing in businesses that I don’t understand. I even ranked last on the AFR young rich list once. If I can, you can. #hustle

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Huge congrats to @jindoulee for the big raise. I passed on his Series A because I “only invest in the first round” 🤦🏻‍♂️, but luckily I became smart and bought his Series A2, A3 and A4. Now I can buy a lambo.

Build-to-rent property tech company HappyCo raises $72m

The Aussie-founded residential rental tech player has created technology to support real-time data on the condition and utilisation of rental properties.

www.afr.com

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Rayn “lesser-known” Ong

@rayn_ong

5 years

Vanity metric: I have angel invested in 100% of the >$10m in funding @startmate companies since I hustled my way into the program. Also have exposure in the next likely candidate. I can now be known as Rayn “the signal” Ong.

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Rayn “lesser-known” Ong

@rayn_ong

5 years

Wife: how hard can it be to pack for a one day conference? She doesn’t know... #swagKing @blackbirdvc #sunrise2019 See you all in Auckland

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Sharing my investment notes for @vowfood here

Rayn’s Investment Notes: Vow

Vow announced their $US6m raise today. I want to share my investment notes.

link.medium.com

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Leading indicator that you may be a good angel investor. 1. go withdraw $10k cash from the bank, put it on your BBQ and set the cash on fire. Note the color of the flame.

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Rayn “lesser-known” Ong

@rayn_ong

8 years

After years of hustling I'm proud to announce that I intend to raise a $888m VC fund from 8 Chinese family offices. Expected return is 8x.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Day since a founder asked me to sign an NDA: 0

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Rayn “lesser-known” Ong

@rayn_ong

8 months

The guys pinged me for “whisky and a podcast”. We ended up with 3 whiskies and no podcast. With @Adam_CV_Miller @Sachin_Shah_ @maxmarchione

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Rayn “lesser-known” Ong

@rayn_ong

2 years

I built my entire profile and portfolio with $2m worth of seed capital. What do you think I can do with an institutional amount of money behind me?

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Ladies and gentlemen, Rayn on @RaineScooters

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Rayn “lesser-known” Ong

@rayn_ong

2 years

I can definitely feel that the respect level for me in recent meetings has been higher, ever since I updated my Twitter handle. I consider this a win.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

“If you do too much diligence, you’ll end up with lemons. Good companies eventually have options. If you spend six months kicking the tires for a $10,000 investment, the startups who wait around for your company-proctology are more likely to be duds.”

Matt Allen 🧢 🚜💨

@mattallen

4 years

“Honest Advice for First-Time Startup Investors From a Long-Time Investor” by @roybahat

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Rayn “lesser-known” Ong

@rayn_ong

10 months

In a founder meeting, after *every* question I ask. Founder: “That’s a great question, …” Conclusion: I’m great.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

First @archangel_vc team dinner in a while. I should come to Melbourne more.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Friends, give my Linkedin post a boost. I have never done this hiring thing before

😱 Rayn 🍇 Ong on LinkedIn: Archangel Ventures - VC Analyst / Associate Job | 14 comments

Looking to break into Venture Capital? Come join Archangel Ventures. Here’s our pitch to you. We raised our *$30M+* first fund within 3 months, you can join… | 14 comments on LinkedIn

www.linkedin.com

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Posted our fund launch announcement on Linkedin. 40 advisors pitching me 80 startups they are advising. Deal flow is stronger than ever 🤣 #kpi

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Rayn “lesser-known” Ong

@rayn_ong

2 years

I can only recognise 5/100 people in the crowd 😱. Shows you how much startup community has grown. Happy birthday to @Fishburners and thank you for fostering the startup and tech ecosystem for the last 10 years.

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Are you normal? I’m Heaps Normal.

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Rayn “lesser-known” Ong

@rayn_ong

5 years

Contender for new profile picture. 😱👂

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Did a session with @_Timdoyle at UNSW. My conclusion is D2C businesses cost more than $100 to build. cc @DVeytsblit @iaincalvert @bentkennedy #d2c100

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Second #LTG dinner of 2020. We talked about: 1. holding good assets 2. prematurely selling 100x return asset, twice 3. bush walking 4. @airtreevc , because of what I am wearing

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Rayn “lesser-known” Ong

@rayn_ong

9 months

Poker night with investors from: Afterwork @jessywu95 Airtree @adayintweets Archangel @Sandra87589071 Aussie Angels @cmack4life Blackbird @silkkadala EVP Five V Giant Leap Perennial Taronga Tidal What’s the total FUM?

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Someone on Twitter reminded me of this book which is collecting dust. You will need it 💸

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Went to the 361 angel drinks yesterday and counted 11 @archangel_vc LPs. ie ~20% of the investors at the event 💪. Apparently there’s also a profile pic movement going on. Thanks @AussieAngelsHQ @rampersand_fund & @stripe

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Top 3 questions at #Sunrise22 . is your wife here? . why are you not on the panel? . how do I get a bucket hat?

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Just completed some promo shots for @heapsnormal

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Rayn “lesser-known” Ong

@rayn_ong

7 years

Welcome to my LinkedIn inbox. Aka "one effective way to expand your network".

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Rayn “lesser-known” Ong

@rayn_ong

7 months

Talking about the Blackbird distribution that is about to hit my bank account with a wider audience today.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Guess who got kicked out of a bar yesterday?

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Just did a quick session on how to deliver a 100x return to your investors with @jindoulee

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Get ready to buy some discounted stocks folks.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Inspired by @batkomichael , I launched my NFT collection today. Featuring the teams that I missed. Titled “Rayn’s Regrets”

Rayn's Regrets - Collection

OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. Browse, create, buy, sell, and auction NFTs using OpenSea today.

opensea.io

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Hey guys, please stop tagging me for angels award. I prefer cash, rich founders who trust me with their lives, strong share certificates or uncapped SAFE note, in this particular order.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

Did you know I actually used the terms “spray and pray” and “yolo” when I was pitching the @archangel_vc 2022 fund?

MilkRun collapse kills ‘spray and pray’ at burned venture capital firms

Rising interest rates have permanently changed the game for tech’s capital allocators. Splits are emerging among the VC community about what comes next.

www.afr.com

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Rayn “lesser-known” Ong

@rayn_ong

5 months

Would you look at my new tshirt? @bigyahu

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Number 1 reason founders don’t get a meeting with VCs: font size in the pitch deck is too small. #TrueStory

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Rayn “lesser-known” Ong

@rayn_ong

2 years

How’s your Friday going? @BlackNovaVC

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Rayn “lesser-known” Ong

@rayn_ong

3 years

When I was younger, pre-product startup usually raise at $2-4m valuation. Now they market at $8-10m valuation. The government says there’s no inflation. And gold is same price as 10 years ago. There must be a startup valuation conspiracy going on.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

fml

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Rayn “lesser-known” Ong

@rayn_ong

3 years

The founding moment of the Long Term Greedy #LTG dinner club. @thomasrice_au @peterjhuynh @apglo @alexaboitiz cc @ArmsRosenberg

Rayn “lesser-known” Ong

@rayn_ong

8 years

Say HI to the "long term greedy" crew.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Whoever did the new iOS calendar time scrolling thing, fuck you.

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Rayn “lesser-known” Ong

@rayn_ong

2 years

This warrants a Twitter handler update.

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Rayn “lesser-known” Ong

@rayn_ong

6 years

Prediction: approximately $1b will flow into VC this quarter because @rcsbaker and @jamesdcameron did a VC101 to a roomful of family office operators this evening (yes, at Tesla)

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Hardworking @archangel_vc team, need to update website on a Sunday morning.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Just remember, someone wrote this email to Mel ages ago. I write emails like this everyday too. But when you can see clear product-market-fit later, don’t be shy to ape back in at a higher valuation (if the founders do follow up again).

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Rayn “lesser-known” Ong

@rayn_ong

2 years

Addressing the confusion in the market now. Is @archangel_vc a VC fund or an angel fund. Think of us like venture capitalists who invest like angels, or angel investors acting like VCs. OK I know you are more confused now, now can someone add our logo to

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Rayn “lesser-known” Ong

@rayn_ong

6 years

New logo for @blackbirdvc

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Rayn “lesser-known” Ong

@rayn_ong

4 years

Hi Rayn Ong, come listen to Rayn Ong. A glitch in the Matrix, infinite loop.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

The biggest Aussie startup event tomorrow around 5pm AEST.

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Rayn “lesser-known” Ong

@rayn_ong

1 year

I would like to speak to your manager.

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Rayn “lesser-known” Ong

@rayn_ong

3 years

Am I a degen crypto trader? Or am I a yolo angel investor? Deep down, I’m actually a r/AusFinance ETF guy 🔥📈. That’s why @archangel_vc is investing in @pearlerHQ , to bring long term boring investing to the masses.

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