Enterprise Security Syndicate

Deal flow comes primarily through Ed Roman's network as Managing Director of Hack VC and Matt Bigge's role as Venture Partner at Crosslink Capital. The syndicate benefits from a pipeline of enterprise security startups that emerge from these two ecosystems, often co-investing alongside Crosslink Capital and Talis Capital. The focus is narrowly on startups building security products for the modern enterprise stack.

The syndicate operates as a rolling fund on AngelList, allowing accredited investors to subscribe on a quarterly basis rather than committing to a traditional closed-end fund. This structure provides ongoing capital deployment and lower minimum commitments. Ed Roman manages the syndicate alongside his role at Hack VC.

The syndicate focuses on early-stage rounds, primarily seed and Series A, for startups in enterprise security, data protection, and cloud infrastructure. It does not target later-stage growth rounds or public markets. The early-stage mandate aligns with the sourcing strengths of Roman's network.

Frequent co-investors include Crosslink Capital, where advisor Matt Bigge serves as Venture Partner, and London-based Talis Capital. Hack VC, also managed by Ed Roman, often participates in the same rounds, creating a concentrated capital formation around syndicate portfolio companies.

Ed Roman manages both Enterprise Security Syndicate on AngelList and Hack VC, a broader venture capital firm. Hack VC frequently co-invests in the syndicate's deals, and the syndicate leverages Hack VC's due-diligence infrastructure and deal flow. The two entities operate in parallel but with different LP bases.