The small investors are grouped together into a fund. So the startup only sees one new entry on the cap table. The overhead is the same as adding a single large

The small investors are grouped together into a fund. So the startup only sees one new entry on the cap table. The overhead is the same as adding a single large investor to the round. More details here http://angel.co/help/invest http://angel.co/help/invest. Let me know if you have any more questions.