Startup Professionals Musings

MAY 19, 2010

As a member of the local angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! Show breakeven point, burn rate, and growth assumptions. Financial projections.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Gust

AUGUST 19, 2012

As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short – maybe short on content, but not short on pages! Show breakeven point, burn rate, and growth assumptions. Financial projections.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

Up and Running

DECEMBER 11, 2013

Investors like valuation to relate to actual business numbers, such as sales, gross margin (price less direct costs), and burn rate or fixed costs. I’ve seen this same phenomenon in the angel group. It’s simple math. . That’s a simple matter of making offers and counter offers.

Valuation 136

Valuation Oregon Burn Rate Angel Groups 136

Professor VC

MAY 29, 2008

However, that is not always the case as there is no qualification to set out your shingle as an angel investor or form an angel group. I often wonder if saying you are an angel investor is the 21st century version of being a consultant in the early 1990s after the corporate layoffs, a euphemism for someone without a real job.

Angel Investor 28

Angel Investor Angel Groups Accredited Investor San Jose 28

Professor VC

JANUARY 27, 2011

It turns out the statistics related to returns were from an oft cited study on returns to investors in angel groups sponsored by the Angel Capital Association with research by Robert Wiltbank at Willamette University. The research did show that higher returns were earned by investments where more diligence was done.

Technical Review 31

Technical Review Due Diligence Silicon Valley San Jose 31

Professor VC

JANUARY 17, 2008

What would the VC corollary to Touched by an Angel, be. I was on a panel earlier this week with several other investors from Angel Groups in the Valley. One of my comments was that we would likely see more institutionalization of angel groups and syndication of deals among groups. See you next time.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

ithacaVC

MARCH 14, 2011

Based on the work, Company XT has raised $250,000 in its first round of outside financing from an angel group or early stage VC. The company’s burn rate is only currently $15,000 a month (and expected to increase over time), so that $250,000 will last, say, 12 months.

Early Stage 45

Early Stage Founder Burn Rate Cofounder 45

Professor VC

SEPTEMBER 2, 2010

There are several efforts being made to make this process better and will mention a couple below: Angel Capital Association Collaboration Committee - I was a charter member of the this group and the goal is to facilitate syndication among the angel groups via education and tools such as Angelsoft. Steve Bennet.

Angel Investor 28

Angel Investor Angel Groups San Jose Venture Capital 28

Professor VC

SEPTEMBER 26, 2008

The article, " More Guardian, Less Angel " discusses how CFOs add value to angel groups by helping to kill deals. I spent most of the time with the reporter talking about Sand Hill Angels and how we add value to the start-ups and entrepreneurs that we partner with, which is why I just have a small mention in the article.

Angel Groups 28

Angel Groups San Jose Early Stage Angel Investor 28

thestartuplawyer.com

FEBRUARY 24, 2010

Contact The Startup Lawyer: Home Page About Contact FAQs Glossary Ryan Roberts Law: Home Page Social Networks: Facebook Twitter LinkedIn Flickr Delicious Digg Last.FM He obviously never launched a startup and got shafted by a co-founder.

Cofounder 40

Cofounder Founder Preferred Stock Startup 40

www.paulgraham.com

APRIL 28, 2010

Infact, the more prominent the angel, the less likely they are tobelong to a group. Some angel groups charge you money to pitch your idea to them.Needless to say, you should never do this. Deal terms with angels vary a lot. As in families, relationsbetween founders and investors can be complicated.)

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Professor VC

OCTOBER 20, 2009

I dont think its time to hang all angel investors in effigy, but remember that due diligence goes two ways. Labels: angel groups , Angel Investors , fundraising. This is a very helpful list for anyone beginning the process (or evaluating the pros and cons) of raising angel money. Steve Bennet. at 2:47 PM.

Angel Investor 35

Angel Investor Due Diligence San Jose Silicon Valley 35