Angel Groups Burn Rate Hiring Sales 
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 can take the money you want, hire some people, and become your competitor.” I’ve seen this same phenomenon in the angel group. It’s simple math. .
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.)
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