# Howard Marks: angel investments and portfolio

> Howard Marks is an angel. 8 investments on record, latest May 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/howard-marks (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Howard Marks

Last cheque observed May 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Angel

Seed

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 8 on record

Since the last cheque **4190** days **00** hrs **00** min **00** sec

Median round **$106K** Rounds led **0 of 8** Exits **1 from the portfolio** Mostly in **United States, 100%**

Pitch Howard Marks

## Howard Marks highlights

- 01 8 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 **8 appearances**

- **2015** 1 round
- **May** **[truBrain](https://millionrounds.com/company/trubrain)** Seed · US **$1.4M** With 5 others
- **2014** 2 rounds
- **Apr** **[Enplug](https://millionrounds.com/company/enplug)** Seed · US **$2.5M** With 13 others
- **Jan** **[BetterPet](https://millionrounds.com/company/betterpet)** Seed · US **$106K** With 3 others
- **2013** 2 rounds
- **Oct** **[Flinja](https://millionrounds.com/company/flinja)** Seed · US · gigaom.com **Undisclosed** With 7 others
- **Feb** **[Synosure Games](https://millionrounds.com/company/synosure-games)** Seed · US **$20K** With 1 other
- **2012** 3 rounds
- **Oct** **[Ember, Inc.](https://millionrounds.com/company/ember-inc)** Seed · US · startengine.com **Undisclosed** With 2 others
- **Sept** **[Motion Dispatch](https://millionrounds.com/company/motion-dispatch)** Seed · US **Undisclosed** With 2 others
- **Jun** **[Where My Dogs At](https://millionrounds.com/company/where-my-dogs-at)** Seed · US **$30K** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Ember, Inc.](https://millionrounds.com/company/ember-inc)** Bought by Adaptive Medias, Inc. **Undisclosed** Dec 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed

Median round joined **$106K** the round, not its cheque

Led 0 of 8 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** May 2015
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed *8*

Cheques by year Led Joined

2012 2015

Often in the room with

- [Paul Kessler](https://millionrounds.com/fund/paul-kessler) 6
- [StartEngine](https://millionrounds.com/fund/startengine) 4
- [University of Southern California](https://millionrounds.com/fund/university-of-southern-california) 2

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## Who they invest alongside

The investors most often in the same rounds as Howard Marks. A count of rooms they were both in, not a relationship either has claimed.

[**Paul Kessler** Angel **6** rounds together](https://millionrounds.com/fund/paul-kessler)[**StartEngine** Angel network **4** rounds together](https://millionrounds.com/fund/startengine)[**University of Southern California** Institutional LP **2** rounds together](https://millionrounds.com/fund/university-of-southern-california)

## Books by the people here

2 books written by people at Howard Marks: [Howard Marks](https://millionrounds.com/person/howard-marks).

- The Most Important Thing: Uncommon Sense for the Thoughtful Investor Howard Marks · 2011 4.32 from 17,162 ratings on Goodreads About the book "This is that rarity, a useful book."--Warren Buffett Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management… On AmazonListen on Audible
- Memo to Oaktree Clients, from Howard Marks Howard Marks · 2005 4.78 from 37 ratings on Goodreads About the book Memo Oaktree Clients, Howard Marks | 2005 | Wave Publishing Venice | Hardback with Slipcover 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.

## On podcasts

6 episodes naming Howard Marks in the title, and 3 more that mention it.

- [TBPN](https://millionrounds.com/podcasts/tbpn) 26 Feb 2026 · 3h 40m NVIDIA Earnings, Nano Banana 2, Block Cuts 20% of Workforce | Kenn Ricci, Howard Marks, Yash Patil, Scott Morton, Fan-Yun Sun, Adam Draper & Doug Bernauer, Sammy Azdoufal Mentions [Adam Draper](https://millionrounds.com/fund/adam-draper)[Howard Marks](https://millionrounds.com/fund/howard-marks) Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 29 Dec 2025 · 48 min Top 5 of 2025: #1: Howard Marks Mentions [Howard Marks](https://millionrounds.com/fund/howard-marks) Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 7 Apr 2025 · 47 min Howard Marks – Navigating Private Credit (EP.439) Mentions [Howard Marks](https://millionrounds.com/fund/howard-marks)[Brookfield Asset Management](https://millionrounds.com/fund/brookfield-asset-management)[Oaktree Capital Management](https://millionrounds.com/fund/oaktree-capital-management) Apple PodcastsShow page
- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 13 Mar 2025 · 56 min Unlocking Investment Wisdom - With Howard Marks, Co-Founder of Oaktree Capital Management Mentions [Howard Marks](https://millionrounds.com/fund/howard-marks)[Oaktree Capital Management](https://millionrounds.com/fund/oaktree-capital-management) Apple PodcastsShow page
- [In Good Company](https://millionrounds.com/podcasts/in-good-company) 12 Jun 2024 · 41 min Howard Marks: Oaktree Capital, Investment philosophy, Risk and Randomness Mentions [Howard Marks](https://millionrounds.com/fund/howard-marks) Apple PodcastsShow page
- [Acquired](https://millionrounds.com/podcasts/acquired) 30 Aug 2022 · 1h 23m Howard Marks & Andrew Marks: Something of Value Mentions [Howard Marks](https://millionrounds.com/fund/howard-marks) Apple PodcastsShow page

### Mentioned in

- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 4 Dec 2025 · 1h 23m From Vision to Valuation: Disrupting the Future - With Cathie Wood, Founder & CEO of ARK Invest Apple PodcastsShow page
- [Superclusters](https://millionrounds.com/podcasts/superclusters) 15 Sept 2025 · 1h 17m How to Read Investors Like a Book | Thorsten Claus | Superclusters | S6E1 Apple PodcastsShow page
- [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 16 May 2017 · 1h 32m Michael Mauboussin - Man + Machine, Moats, and Power of the Outside View - [Invest Like the Best, EP.37] Apple PodcastsShow page

## Quick answers about Howard Marks

### What does Howard Marks invest in?

Howard Marks invests most often at Seed (100% of the rounds on record).

### How active is Howard Marks?

8 investments on record, 0 of them in the last 12 months. The most recent was in May 2015.

### How big are Howard Marks's cheques?

The median round it joins is $106K.

### Does Howard Marks lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Howard Marks invest?

Most of the companies it backs are in the United States (100%).

### Is Howard Marks investing now?

No investments in the last 12 months; the latest was in May 2015.

### Who does Howard Marks invest alongside?

Most often Paul Kessler (6 rounds together), StartEngine (4 rounds together) and University of Southern California (2 rounds together).

### What kind of investor is Howard Marks?

Howard Marks is an angel.

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