Both Sides of the Table

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How Many Angels is the Right Amount for a Startup to Have?

Both Sides of the Table

I see emails from angel syndicates all the time for companies I hadn’t even given 2 seconds thought about investing and I get full info, pitch deck and info about the round size and timing. But let me tell you for free. Every great investor knows this.

Cap Table 150
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Time is the Enemy of All Deals

Both Sides of the Table

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. We ended up agreeing a term sheet for $16.5 million at a $15 million pre-money valuation.