“We think there’s value in bringing a small group of investors to the table,” says Brooks Gibbins, one of the firm’s co-founders. “in all cases, it’s people who are known and people who are vetted.” In the case of Openfolio, access to the network meant being able to speak with former Gawker Media executives about media outreach, or former Goldman Sachs executives about strategy. Unlike AngelList syndicates where a broader network of investors write smaller checks, Brooks says the Fintech Collective network cuts bigger checks on fewer deals. The median commitment is $32,000 for the three deals backed by Fintech’s collective so far. in the network, “there’s $200 million around the table for early-stage fintech deals,” in total available capital, says Brooks. That’s a good bit of firepower that investors can bring to follow-on rounds.

http://techcrunch.com/2014/12/08/fintech-collective-leverages-investor-network-to-back-investment-networking-firm-openfolio/