Gust

DECEMBER 6, 2011

Center for Venture Research. Venture Capital. $20 It is clear from this table that Friends and Family, Angel Investors and Venture Capitalists provide 95% of the capital for new ventures. So, generally, these three major sources of capital are complementary, not competitive. Pre-seed, startup.

Angel Investor 179

Angel Investor Venture Capital Valuation Software Engineering 179

Gust

OCTOBER 17, 2012

In addition, angels were up against a selection problem: All the best entrepreneurs and opportunities would naturally gravitate to the best venture capital funds, leaving only the “scraps” for angel investors. This is absolutely competitive with venture capital returns. The distribution of returns from the different U.S.

Angel Investor 152

Angel Investor Venture Capital Seed Stage Silicon Valley 152

Gust

DECEMBER 22, 2011

Copyright is the right to control reproduction and distribution of original works of authorship fixed in tangible forms of expression. (What do you suppose the market value would be of the trademark “Facebook,” its lowercase “f” symbol, or the Facebook.com domain?).

Intellectual Property 149

Intellectual Property Technical Review Software Review IP 149

Gust

OCTOBER 20, 2011

million, indicating a somewhat normal distribution. – Need venture capital. As can be seen the average (mean) pre-money valuation for recent pre-revenue deals is $2.1 million and the mode (middle number) for this data set is $2.0 The range of the data is from a low pre-money valuation of $0.8 million to a high of $3.4

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146