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New Survey from Fenwick & West Looks at Angel Funding Landscape

ReadWriteStart

The survey includes responses from 52 Internet, digital media, and software companies that raised money in the Silicon Valley and Seattle in 2010. The majority of financings was structured as preferred stock (69%), as opposed to convertible note financings (31%), and the vast majority of those (83%) had their conversion price capped.

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How to Fund a Startup

www.paulgraham.com

He might also want preferred stock, meaning a specialclass of stock that has some additional rights over the common stockeveryone else has. 3 ]If "near you" doesnt mean the Bay Area, Boston, or Seattle,consider moving. An angel investing $200k would probably expect a seat on the boardof directors.