Feld Thoughts

JUNE 6, 2014

I was making plenty of money consulting and, while I was investing much of the money I made from the sale into new companies as an angel investor, the idea of living in Homer was attractive. When Amy and I talked about “what’s next” when I was 29.5

Alaska 166

Alaska Widget Colorado Angel Investor 166

Feld Thoughts

DECEMBER 31, 2015

If you are in any kind of investment business (including Venture Capital) you should read this book right now. Startup Wealth: How the Best Angel Investors Make Money in Startups : Josh interviewed a bunch of angel investors, including me. This is a very timely and relevant book for any angel investor.

Angel Investor 70

Angel Investor Investment Bankers Term Sheet Texas 70

Feld Thoughts

FEBRUARY 17, 2016

I’m an investor in Danielle’s company Mattermark and was parters with Heidi at Mobius Venture Capital. For those in the $100,000-$1 million funding range, a majority of their funders were local accelerator programs and small venture firms (under $10 million in management).

United States 70

United States Cofounder Angel Investor Government 70

Feld Thoughts

JUNE 2, 2015

As an angel investor, I have never asked for a liquidation preference on conversion that is greater than the dollars I’ve invested. But, I’ve seen some angels ask for it (or even demand it), especially when there is ambiguity around this and the round happens much higher than the cap. But I didn’t specify it.

Liquidation Preference 70

Liquidation Preference Cap Table Angel Investor Post-Money Valuation 70

Feld Thoughts

SEPTEMBER 16, 2012

She is one of the most thoughtful angel investors I’ve ever met. Oh – and if you are a seed stage company in NYC looking to raise money, you are an idiot if you don’t immediately reach out to Joanne and try to get her involved. We talked a lot about seed stage investing during our part of the conversation.

Seed Stage 133

Seed Stage Angel Investor Conversion Entrepreneur 133

Feld Thoughts

JULY 7, 2010

As a counterpoint, a law professor claims that “ startup executives reported that nearly 70% of venture capital firms and 50% of angel investors said that patents were important to their investment decisions.” This study was, of course, repudiated by the most credible person on it, Professor Pamela Samuelson.

Software 132

Software IP South America Investment Bankers 132

Feld Thoughts

SEPTEMBER 10, 2015

I’m not seeing much evidence of this – yet … I have seen some of the more prolific angels start to slow down because capital is not recycling as fast as they are putting it out. There is also a huge amount of seed capital available from seed funds. That’s a pretty common phenomenon.

Angel Investor 70

Angel Investor Seed Capital Valuation Demand 70

Feld Thoughts

DECEMBER 19, 2016

Venture Deals v3 (the third edition) is now shipping in both hardcover and Kindle. If you are looking for a last minute holiday gift for your favorite entrepreneur (or lawyer, VC, or angel investor), we’ve got you covered. Jason and I wrote the first edition of Venture Deals in 2011.

Term Sheet 70

Term Sheet Venture Capital Angel Investor Strategic Investors 70

Feld Thoughts

JULY 14, 2015

The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors. One of their angel investors, who happens to be a VC firm, decides to invest another $500,000 in the company. and the investors, who put up $1m in a convertible note, get 0.1%.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

Feld Thoughts

JUNE 6, 2012

For me, the essence of the conversation comes back to making your own decision as an investor. As an angel investor, I invested in many things and passed on many things. As a VC investor, I invest in a few things and pass on many things.

Syndicate 136

Syndicate Syndication Cofounder Angel Investor 136