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.
Let me know if you have any more questions.
Re:AngelList New Feature: Invest Online
by ivankirigin on Thursday December 20, 2012 @12:55AM
(#4946473)
Thanks! This sounds great.
Any more data on this?