# Adam Smith: angel investments and portfolio > Adam Smith is an angel. 2 investments on record, latest Feb 2013. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/adam-smith (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Adam Smith Last cheque observed Feb 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $32M, Mar 2016 Angel Seed Cheques on record **0%** of best year **0** **cheques in 12 months**, 2 on record Since the last cheque **4996** days **00** hrs **00** min **00** sec Median round **$650K** Rounds led **0 of 2** Exits **1 from the portfolio** Pitch Adam Smith ## Adam Smith highlights - 01 2 rounds on record - 02 Mostly Seed: 100% of its rounds - 03 1 exits from the portfolio ## What they do - **Type:** Angel (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2013** 1 round - **Feb** **[Upverter](https://millionrounds.com/company/upverter)** Seed · CA · techcrunch.com **$650K** With 1 other - **2009** 1 round - **Jan** **[Cardpool](https://millionrounds.com/company/cardpool)** Seed · US **Undisclosed** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** GF **Gordon F Stofer** Executive Officer i Filing they signed TJ **Tony J Christianson** Executive Officer i Filing they signed We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Cardpool](https://millionrounds.com/company/cardpool)** Bought by [BlackHawk Network](https://millionrounds.com/fund/blackhawk-network) **Undisclosed** Oct 2011 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$32M** raised in Mar 2016 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Median round joined **$650K** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Feb 2013 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Seed *2* Cheques by year Led Joined 2009 2013 Often in the room with - [Y Combinator](https://millionrounds.com/fund/y-combinator) 2 **Pitching Adam Smith?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Adam Smith. A count of rooms they were both in, not a relationship either has claimed. [**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator) ## Books by the people here 6 books written by people at Adam Smith. - An Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith · 1776 3.89 from 36,125 ratings on Goodreads About the book Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the… On AmazonListen on Audible - The Wealth of Nations Adam Smith · 1776 3.89 from 35,301 ratings on Goodreads About the book Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the… On AmazonListen on Audible - The Theory of Moral Sentiments Adam Smith · 1759 4.06 from 4,795 ratings on Goodreads About the book The foundation for a general system of morals, this 1749 work is a landmark in the history of moral and political thought. Readers familiar with Adam Smith from The Wealth of Nations will find this earlier book a revelation. Although the author is often misrepresented as a… On AmazonListen on Audible - The Invisible Hand Adam Smith · 1759 3.66 from 698 ratings on Goodreads About the book Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’. Throughout history,… On AmazonListen on Audible - The Essential Adam Smith Adam Smith · 1986 3.78 from 185 ratings on Goodreads About the book The sheer strength of his great work, The Wealth of Nations, discourages many from attempting to explore its rich and lucid arguments. In this brilliantly crafted volume, one of the most eminent economists of our day provides a generous selection from the entire body of Smith's… On AmazonListen on Audible - Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics Adam Smith · 2014 3.89 from 45 ratings on Goodreads About the book In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about Adam Smith ### What does Adam Smith invest in? Adam Smith invests most often at Seed (100% of the rounds on record). ### How active is Adam Smith? 2 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2013. ### How big are Adam Smith's cheques? The median round it joins is $650K. ### Is Adam Smith investing now? No investments in the last 12 months; the latest was in Feb 2013. ### Who does Adam Smith invest alongside? Most often Y Combinator (2 rounds together). ### What kind of investor is Adam Smith? Adam Smith is an angel. ### Has Adam Smith raised a new fund? Its latest fund filing with the SEC was in Mar 2016, reporting $32M raised. ### Where does this information on Adam Smith come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=adam-smith) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=adam-smith)