upside

Interview begins: 8:44
Debrief: 51:53

Ashley Flucas is an angel investor and syndicate lead with Flucas Ventures.

By day, Ashley is a general counsel/partner at a real estate finance fund (infrastructure, sports arenas and large-scale condo, apartment and commercial buildings) with approx $3B AUM (LPs are overseas HNWIs).

By night, she is an active angel investor who has participated in more than 100 deals through AngelList and direct investment.

Flucas Ventures is sector and geography agnostic primarily focused on pre-seed to series A-stage deals, but occasionally sharing compelling late-stage deals.

Learn more about Flucas Ventures: https://www.flucasvc.com/

Follow Ashley Flucas: https://www.linkedin.com/in/asflucas/

Follow upside on Twitter: https://twitter.com/upsidefm

Key points:

- Moments when there are good returns 15:18
- Difference in the investment due diligence memo 18:13
- Onboarding process to become an LP of Flucas Ventures? 21:02
- Co Syndication 27:05
- Deal Memos 28:59
- Advice on starting out 33:25

This episode is sponsored by Enterprise Rising Conference.

This year, Enterprise Rising is October 20-21 and totally online. If you're an enterprise SaaS startup then this will be the best online event you could attend all year.

Get your tickets here and use promo code upside to save an additional 20%.


This episode is sponsored by Taft, Stettinius & Hollister, a full-service law firm known for assisting entrepreneurs across the Heartland.

Click here to learn more about Taft

This episode of upside is also sponsored by Ethos Wealth Management. Managing wealth with an eye toward the future demands vigilance and skill in today’s global economy. Over the years, Ethos Wealth Management has worked with clients and their other professional advisors – including attorneys and accountants – to create comprehensive wealth management plans designed to make the best use of their wealth today and help ensure its endurance for future generations.

They can do the same for you.

Visit upside.fm/ethos to learn more.


Want to share information about your company, or an opportunity with the upside audience?

Book a classified advertisement and your advertisement will be read in an upcoming episode of the show.

Classified ads are priced at $100, and are:
read by Jay and/or Eric on upside
linked from the show notes
linked from this website, upside.fm

Show Notes

Interview begins: 8:44
Debrief: 51:53

Ashley Flucas is an angel investor and syndicate lead with Flucas Ventures.

By day, Ashley is a general counsel/partner at a real estate finance fund (infrastructure, sports arenas and large-scale condo, apartment and commercial buildings) with approx $3B AUM (LPs are overseas HNWIs).

By night, she is an active angel investor who has participated in more than 100 deals through AngelList and direct investment.

Flucas Ventures is sector and geography agnostic primarily focused on pre-seed to series A-stage deals, but occasionally sharing compelling late-stage deals.

Learn more about Flucas Ventures:  https://www.flucasvc.com/ 

Follow Ashley Flucas:  https://www.linkedin.com/in/asflucas/

Follow upside on Twitter: https://twitter.com/upsidefm

Key points: 
  • Moments when there are good returns 15:18
  • Difference in the investment due diligence memo 18:13
  • Onboarding process to become an LP of Flucas Ventures? 21:02
  • Co Syndication 27:05
  • Deal Memos 28:59
  • Advice on starting out 33:25
This episode is sponsored by Enterprise Rising Conference.

This year, Enterprise Rising is October 20-21 and totally online. If you're an enterprise SaaS startup then this will be the best online event you could attend all year.

Get your tickets here and use promo code upside to save an additional 20%.

This episode is sponsored by Taft, Stettinius & Hollister, a full-service law firm known for assisting entrepreneurs across the Heartland.

Click here to learn more about Taft

This episode of upside is also sponsored by Ethos Wealth Management. Managing wealth with an eye toward the future demands vigilance and skill in today’s global economy. Over the years, Ethos Wealth Management has worked with clients and their other professional advisors – including attorneys and accountants – to create comprehensive wealth management plans designed to make the best use of their wealth today and help ensure its endurance for future generations.

They can do the same for you. 

Visit upside.fm/ethos to learn more.

Want to share information about your company, or an opportunity with the upside audience?

Book a classified advertisement and your advertisement will be read in an upcoming episode of the show.

Classified ads are priced at $100, and are:
  • read by Jay and/or Eric on upside
  • linked from the show notes
  • linked from this website, upside.fm

What is upside?

Named a top 27 business podcast by Fortune, upside examines startup investing outside of Silicon Valley.

Every Wednesday, we speak with an early stage founder. We interview them as if we are angel investors considering the company as an investment opportunity.

Each show has three segments:

1.) Intro: independent research of the company
2.) Interview: interview with the founder
3.) Debrief: breaking down the opportunity

Sometimes, we share Coffee Chats interviewing venture capitalists, community builders, and later-stage founders.

Subscribe and see why Business Insider called our podcast "Almost as Good as Getting an MBA."