Startup Professionals Musings

NOVEMBER 25, 2020

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. I would summarize the qualms and feedback from professional investors as the following: Crowdfunding platform costs trickle down to angel groups.

Equity 411

Equity Angel Groups Accredited Investor Due Diligence 411

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. 6) Due diligence. I personally use Salesforce.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Up and Running

SEPTEMBER 10, 2014

Angel investors come from a variety of ages, backgrounds, and professions. I’m not your average angel. I’m not active in an angel group. I live in a small town surrounded by farms and I made my first angel investment at 29 because my dad said it was a good idea. So, who are these unlikely angels?

Angel Investor 159

Angel Investor Technical Review Software Review Accredited Investor 159

Berkonomics

DECEMBER 17, 2020

Angel groups invest from $250,000 to $1,000,000 or more in qualified investments. Some can supply more when syndicating with other such groups. How many angel groups are there? All angel groups will want to see the founders in person or by Zoom at sometime early in the process. Accelerators.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

Gust

DECEMBER 27, 2011

Due diligence should always be a two-way street. A while back, I published an article on “ Startup Due Diligence Is Not a Mysterious Black Art ,” describing what investors do to validate your startup before they invest. Taking on an investor is like getting married – the relationship has to work at all levels.

Due Diligence 119

Due Diligence Entrepreneur Offshore Angel Groups 119

David Teten

SEPTEMBER 4, 2020

David is also Founder of HBS Alumni Angels of NY , the largest angel group on the East Coast. As the firm grows, we will need support in origination, financial modeling, due diligence, transaction execution, etc. The roadmap for the firm is here: Syllabus for how to launch, manage, and invest a VC fund.

New York 60

New York Venture Capital Technical Review Due Diligence 60

Startup Professionals Musings

JULY 9, 2014

Most Angel groups and VCs advertise the startups they have recently funded, with pointers to startup websites, sometimes including open positions. There are many networking groups on FaceBook, LinkedIn, and others social media sites, which can help you increase your odds of finding a match early.

Technical Review 250

Technical Review Stock Options Due Diligence Silicon Valley 250

Up and Running

JULY 29, 2019

Eventually, to communicate with your investors—normally this happens during due diligence after your summaries and pitches have investors interested in learning more. Angel investors often focus on local markets, specific industries, and affinities such as college or university alumni. Use web search.

Angel Investor 119

Angel Investor Venture Capital Technical Review Software Review 119

David Teten

JUNE 10, 2020

David is also Founder of HBS Alumni Angels of NY , the largest angel group on the East Coast. As the firm grows, we will need support in origination, financial modeling, due diligence, etc. . The roadmap for SOP is here: Syllabus for how to launch, manage, and invest a VC fund. – Aid in birthing a new firm.

New York 60

New York Venture Capital Technical Review Due Diligence 60

Startup Professionals Musings

NOVEMBER 7, 2014

Most VCs and Angel investors don’t read unsolicited proposals, unless they have met you first, or have a glowing recommendation from another investor or acquaintance. Major platforms are available online to find Angel groups or VCs, including Gust and AngelList. You need an investor, and want to solicit professionals online.

Business Plan 274

Business Plan Technical Review Angel Investor Due Diligence 274

The Startup Magazine

JULY 26, 2017

Waccal has officially launched its social community platform which startups and investors can use to compare ideas, seek funding and manage portfolios and due diligence processes. The company has kept the product in testing, while receiving backing and sign-ups from investors, VCs, Angel Groups, international funds and US universities.

Technical Review 62

Technical Review Community Due Diligence Angel Groups 62

NZ Entrepreneur

DECEMBER 10, 2020

“He got us in front of the Ice Angels and a number of them invested,” Sutton says. “I I was then able to say to the rest of the angel groups that the others invested.”. The snowball effect meant one person’s confidence inspired the next which Sutton says reduced the due diligence workload for him.

Technical Review 103

Technical Review Software Review Due Diligence Startup 103

Startup Professionals Musings

JUNE 14, 2013

Major platforms are available online to find Angel groups or VCs, including Gust and AngelList. Most professional investors, even if they like your story, and were properly introduced by a friend, will ask for a business plan at the due diligence stage. You need an investor, and want to solicit professionals online.

Business Plan 250

Business Plan Technical Review Entrepreneur Angel Investor 250

Up and Running

JULY 6, 2016

I’ll join in the due diligence for my angel group, test for myself, and develop my informed opinion. When it involves my specific investment group, I trust other members who do know. The detailed look at the technology comes during due diligence, not in the plan or during the pitch.

Technical Review 72

Technical Review Software Review Business Plan Development Team Review 72

Gust

OCTOBER 29, 2014

That’s why one of the best options for you today is to join a local angel investor group, where you will work collegially with 25-250 other investors to hear pitches from companies, do your due diligence homework, and then—if you are interested—pool your money with the others to make meaningful investments.

Accredited Investor 157

Accredited Investor Securities and Exchange Commission Technical Review Due Diligence 157

Startup Professionals Musings

OCTOBER 18, 2015

Most Angel groups and VCs advertise the startups they have recently funded, with pointers to startup websites, sometimes including open positions. There are many networking groups on FaceBook, LinkedIn, and others social media sites, which can help you increase your odds of finding a match early.

Technical Review 120

Technical Review Entrepreneur Stock Options Due Diligence 120

Startup Professionals Musings

NOVEMBER 4, 2011

are eliminated during due diligence. Over the past 10 years, I have had the opportunity to see how the process works, several times from the startup side, and more recently from the angel perspective (as a member of an angel group selection committee).

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Berkonomics

JUNE 26, 2014

Angel investors, particularly those in organized angel groups, are typically former entrepreneurs who have had successful liquidity events in their pasts, or executives of companies who’ve retired with the funds from their stock options. The result of these surveys over time is universally the same.

Liquidity Event 76

Liquidity Event Technical Review Due Diligence Angel Groups 76

Up and Running

AUGUST 19, 2014

The type of deals and industries they invest in, the company stages, and the amount they invest depends on the individual or angel group. I have pitched to hundreds of angel investors over the years as a result of co-founding two tech companies and raising just shy of $1M in angel capital. 51 percent).

Angel Investor 161

Angel Investor Technical Review Due Diligence Startup 161

Startup Professionals Musings

AUGUST 29, 2018

by either angel groups or VCs alone. Crowdfunding bypasses the due diligence process. The new audit, due diligence, and liability implications from equity crowdfunding will likely be extended to all professional investors, thus slowing down all investments, and increasing the costs for angel groups and VCs.

Equity 180

Equity Due Diligence Angel Groups Liquidity Event 180

Gust

OCTOBER 20, 2011

A local network of angels is critical to achieving a diversified portfolio. Working within a network of angel investors also expands the pool of expert resources and helps divide the work of screening companies and investment due diligence. million and the mode (middle number) for this data set is $2.0

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Startup Professionals Musings

SEPTEMBER 23, 2010

are eliminated during due diligence. Over the past 10 years, I have had the opportunity to see how the process works, several times from the startup side, and more recently from the angel perspective (as a member of an angel group selection committee).

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Business Plan Blog

JANUARY 2, 2014

How Crowdfunding is Affecting Angel Group Investment. government’s long standing restrictions on fundraising has given life to a new type of financing called crowdfunding that allows Angel and other early stage investors to quickly assemble a group of investors over the internet. An easing on some of the U.S.

Angel Groups 51

Angel Groups Accredited Investor Angel Investor Due Diligence 51

Up and Running

JULY 2, 2014

We soon got interest from an angel investor, and he wanted to invest $300,000 in our startup. After a couple of due diligence meetings with the investor and our attorneys, he gave us the check. We even won $65,000 from an angel investor pitch competition in the form of a convertible note. We were on a roll.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Gust

JULY 12, 2012

On May 2nd and 3rd, I led workshops for about thirty Estonian investors on syndication, due diligence, valuation and the post-investment relationship with entrepreneurs. Over dinner the next day, I assisted these Estonian angels in a screening session of three entrepreneurs who pitched interesting startups.

Community 121

Community Estonia Ireland Finland 121

Professor VC

JULY 7, 2015

During the set break (perhaps influenced by the large amount of second half smoke consumed), I thought about angel groups in relation to the lyrics above, particularly the "you analyze me, pretend to despise me" line. In theory, angel groups are great. The diligence period can take anywhere from 2 weeks to several months.

Angel Groups 28

Angel Groups Due Diligence Lead Investor Finance 28

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. 5) Due diligence. The majority of funds are using the popular B2C websites and services for basic due diligence, e.g., Linkedin, Twitter, HackerNews. Talent Relationship Management tools (e.g.,

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Startup Professionals Musings

FEBRUARY 15, 2012

Jason Calacanis, a well-known entrepreneur and Angel investor, opened the debate a while back in a strongly-worded article on his blog which attacked the practice on ethical grounds, and called out popular Angel groups charging fees ranging from several hundred dollars to $5,000 or more. Others , including noted Angel David S.

Angel Groups 237

Angel Groups Angel Investor Due Diligence Seed Stage 237

Startup Professionals Musings

MAY 20, 2016

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. These groups are now largely run by volunteers at no cost to entrepreneurs. Early crowdfunding successes have been undeniable.

Angel Groups 136

Angel Groups Accredited Investor Equity Due Diligence 136

Gust

JANUARY 5, 2012

Company B raises $40,000 from five friends and family members and then $460,000 from twelve angels who are members of a single angel group. The angel group has one member of the board of directors.

SEC 131

SEC Angel Groups Technical Review Private Equity 131

Berkonomics

JANUARY 9, 2014

He is Director of the Leatherby Center for Entrepreneurism and Business Ethics, and Chairman Emeritus of the Tech Coast Angels, the largest angel group in the United States. Enjoy! . This is when asking for help is important. When he was younger, he had too much arrogance to ask for help.

Partner 114

Partner Technical Review Due Diligence CPA 114

Startup Professionals Musings

DECEMBER 13, 2010

Jason Calacanis, a well-known entrepreneur and angel investor, opened the debate about a year ago in a strongly-worded article on his blog which attacked the practice on ethical grounds, and called out popular angel groups charging fees ranging from several hundred dollars to $5,000 or more. Find and fix that first.

Angel Groups 234

Angel Groups Entrepreneur Angel Investor Due Diligence 234

Tim Keane

OCTOBER 8, 2008

Last week, our angel group reviewed a business with an online lie detector technology.  Someone in the meeting suggested this would make an interesting HR applicant screening tool that may point to candidates who might be worth a bit more extra due diligence on the veracity of their assertions in an interview.

Technical Review 60

Technical Review Due Diligence Wisconsin Angel Groups 60

Both Sides of the Table

APRIL 13, 2011

So I was on the front line of this very aggressive rollup and I got involved in helping with the technical due diligence…”. “As So I was an Angel investor from 1994 to 1996. National Venture Capital Group endorsed it. Some Angel groups endorse it.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

David Teten

DECEMBER 12, 2017

For both deal origination and due diligence, a host of companies aspire to be the “Bloomberg of private companies”. Some early stage investors mine data from crowdfunding sites, angel group platforms, and product launch lists to identify investment opportunities. How do VCs originate investments?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Startup Professionals Musings

AUGUST 3, 2015

In all cases, due diligence is recommended on every potential investor and angel group before spending money you don’t have, looking for money you need. As they say, you only get one chance to make a great first impression, so don’t pitch to a key angel group or venture capital team for practice.

Cost 120

Cost Angel Groups Due Diligence Silicon Valley 120

This is going to be BIG.

OCTOBER 5, 2012

Look no further than the Madoff scandal to show that when you build your dealflow entirely based on trust, or willingness to pay tolls, as opposed to sophisticated investment due diligence and analysis, things can break down. Angel groups started dropping their application fees or making them minimal.

LP 97

LP Venture Capital Technical Review Nebraska 97