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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

2: As expected at least one person accused me of writing this post because I want to see lower valuations. There is an inherent value that any company has. On a public stock market that is the value that investors place on future free cash flows of the business discounted to today’s date to account for the time value of money.

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Why are the majority of angel investors focused on opportunities with large TAM?

Gust

The problem is that since the average holding period for an angel investment is around nine years , that means by the time you’ve toted up the returns for 90% of your investments, and subtracted out the time value of money, the one very successful investment in the entire portfolio must return at least *30* times the original investment!