VC Adventure

FEBRUARY 7, 2019

Most cities now have various local tech meetups, pitch competitions, angel groups, etc. Many firms now have operational groups that provide services to their portfolio companies. In some cities there are organized angel groups that make use of part-time help to make investment decisions.

Venture Capital 103

Venture Capital Seed Stage Angel Groups Portfolio 103

Gust

JUNE 28, 2014

While usually this works out well for everyone, I’ve seen cases where a couple of small investors can aggravate the CEO by constantly calling with questions, intruding with operating advice and generally being a pain in the neck.

Angel Groups 148

Angel Groups Cap Table Term Sheet Valuation 148

Tim Keane

DECEMBER 14, 2009

  Some angel groups charge you money to pitch your idea to them.    One of the dangers of taking investment from individual angels, rather than through an angel group or investment firm, is that they have less reputation to protect.    Good angel groups, too. 

Burn Rate 60

Burn Rate Angel Groups Seed Stage Startup 60

Gust

APRIL 23, 2014

When you realize that the platform operates in half a dozen languages and has investors or entrepreneurs in over 200 countries engaging in both local and cross-border investments, you can begin to see the outlines of the future of finance. Gust News angel groups businesses financial industry Gust innovations startups'

Angel Groups 127

Angel Groups Accredited Investor Private Equity Deal Flow 127

Up and Running

JULY 2, 2014

We shared all of this with our attorney before she helped us write our Operating Agreement (OA), so we assumed we were in good hands. We even won $65,000 from an angel investor pitch competition in the form of a convertible note. The investor said, “We can’t invest in you unless this clause is removed from your operating agreement.”.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Austin Startup

JUNE 27, 2017

These connections are likely best when firms are networked with other sources of capital vertically (angel groups, venture debt, private equity and investment bank relationships) and horizontally (in-market and out-of-market venture capital firms). He is a partner at Capital Factory and a board member of the Austin Technology Council.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

Both Sides of the Table

APRIL 13, 2011

National Venture Capital Group endorsed it. Some Angel groups endorse it. Oblong, Minority Report, and the rise of Spatial Operating Systems. More recently some Chamber of Commerce’s have started to endorse it.”. You have a company called Oblong (in your portfolio) which is a Minority Report type company.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

David Teten

SEPTEMBER 23, 2017

In venture capital in particular, early-stage companies are often operating in frontier industries, where the rules are unpredictable and conventional analytic frameworks may be misleading. A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Startup Professionals Musings

FEBRUARY 11, 2012

Due diligence on an investor is where you validate the track record, operating style, and motivation of your new potential partner. Of course, you need to listen for biases, but local angel group leaders can quickly tell you who the bad angels and good angels are, and what kind of terms they typically demand.

Due Diligence 241

Due Diligence Entrepreneur Offshore Angel Groups 241

Austin Startup

JUNE 30, 2017

In some ways, the resources that top accelerators give founders have upped the ante on what “value add” from institutional investors really means , and has put some traditional VCs in the same category as prominent angels or well-coordinated angel groups: checks, perhaps with a few intros, but not much more.

Curation 48

Curation Startup Cofounder Equity 48

Startup Professionals Musings

NOVEMBER 3, 2010

Due diligence on an investor is where you validate the track record, operating style, and motivation of your new potential partner. Of course, you need to listen for biases, but local angel group leaders can quickly tell you who the bad angels and good angels are, and what kind of terms they typically demand.

Due Diligence 224

Due Diligence Offshore Angel Groups Matching 224

This is going to be BIG.

MARCH 1, 2013

This week, I spoke to one of the longest running and most active angel groups in the country, the New York Angels. Luckily for all of us, including the New York Angels themselves, the ecosystem has bloomed. An angel belonging to a group could find more dealflow. 2) A Platform for Visibility.

Angel Groups 124

Angel Groups Angel Investor Aggregator New York 124

Berkonomics

DECEMBER 17, 2020

Angel groups invest from $250,000 to $1,000,000 or more in qualified investments. Some can supply more when syndicating with other such groups. How many angel groups are there? All angel groups will want to see the founders in person or by Zoom at sometime early in the process. Accelerators.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

David Teten

FEBRUARY 6, 2013

How to make the most out of angel group participation. How to collaborate effectively with other angel groups. We will also discuss the latest trends in angel investing and where the industry is headed next. For a preview of the discussion, see “ Introduction to Angel Investing ”. Robert Dahl.

Private Equity 114

Private Equity North America Cofounder Angel Groups 114

David Teten

JULY 12, 2017

These firms typically have deep, industry-specific operational expertise which validates the investment, and often have relationships with potential early clients. 4) Crowdfunding platforms, e.g., Angel List , Crowdfunder , FamilyOfficeDeals.com , Gust , OurCrowd , and SeedInvest. 2) Investors with very specific value-add.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Up and Running

JUNE 25, 2014

But the other thing I would encourage people to do, it’s becoming more and more prevalent in communities across the United States is that people are forming angel groups and putting together LLC funds with a group of investors all together. Does it matter if you need it for an asset versus just operational to run the business?

Small Business 89

Small Business SBA Finance Bankruptcy 89

Up and Running

DECEMBER 11, 2013

Services are great for owner operators, but not a great opportunity for investors. I’ve seen this same phenomenon in the angel group. But a service delivered by humans, that requires adding payroll and fixed costs in proportion to sales increases, is not scalable. .

Valuation 136

Valuation Oregon Burn Rate Angel Groups 136

Up and Running

MAY 12, 2015

Ask an angel investor: Targeting a particular angel investor can be a good tactic, as they are often willing to evaluate your pitch. Tim advises checking out Gust, which lists regional and local angel groups. From there, you can reach out to an angel in your area. Operated by the U.S.

Angel Investor 60

Angel Investor Software Review Technical Cofounder Due Diligence 60

Gust

DECEMBER 27, 2011

Due diligence on an investor is where you validate the track record, operating style, and motivation of your new potential partner. Of course, you need to listen for biases, but local angel group leaders can quickly tell you who the bad angels and good angels are, and what kind of terms they typically demand.

Due Diligence 119

Due Diligence Entrepreneur Offshore Angel Groups 119

David Teten

MARCH 24, 2011

By the nature of angel networks, that will be challenging. will help to keep our virtual operation running smoothly. We think that effective use of our technology stack (Angelsoft, BasecampHQ, Dropbox, etc.)

New York 122

New York Warrant Angel Groups Architecture 122

Austin Startup

OCTOBER 10, 2017

By way of example, Tolleson Wealth Management , is a multi-family office operation that manages the affairs of more that 150 high net wealth families. Encore Vision, by former Alcon industry executive Bill Burns, was an especially sweet exit for the Cowtown Angels group mentioned earlier. And, there are many more like them.

Dallas 60

Dallas Austin Texas Cofounder 60

Growthink Blog

SEPTEMBER 15, 2011

Latent angel investors are the best potential investors in a company since they have the funds to invest, but aren't bombarded with potential deals (unlike angel groups and venture capitalists who are constantly bombarded). So, who are latent angel investors?

Angel Investor 94

Angel Investor United States Angel Groups Early Stage 94

Berkonomics

NOVEMBER 7, 2013

500 CEO, serial entrepreneur and the founder of New York Angels. founder and CEO of Gust, the angel financing platform used by over 50,000. accredited investors in 1,000 angel groups and venture capital funds to. Described by BusinessWeek as a “world conquering. collaborate with over 250,000 entrepreneurs in 95 countries.

Coder 75

Coder Accredited Investor New York Angel Financing 75

Professor VC

JULY 7, 2015

During the set break (perhaps influenced by the large amount of second half smoke consumed), I thought about angel groups in relation to the lyrics above, particularly the "you analyze me, pretend to despise me" line. In theory, angel groups are great.

Angel Groups 28

Angel Groups Due Diligence Lead Investor Finance 28

David Teten

DECEMBER 3, 2019

I walk through below how progressive investors are using technology and analytics throughout all of their operations. A major angel group uses Influitive , an advocate management tool, to track, activate and motivate their members. To learn more about this space, I suggest join an online community I co-founded, PEVCTech. .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Growthink Blog

MAY 13, 2012

The angels must believe in and be comfortable with both the founders and the key operating personnel of the company. Criteria #6: The Right Price Finally, angel investors will only invest when the price is right. Criteria #3: Strong Management Team Who is running things (besides you)?

Angel Investor 93

Angel Investor Exit Strategy Liquidity Event Angel Groups 93

VC Adventure

FEBRUARY 22, 2010

I’m clearly on the side of not charging entrepreneurs to pitch to investor groups – reputable events of this nature can attract sponsor dollars and/or the angel investors involved should be footing the (relatively small) bill.

Venture Capital 52

Venture Capital Angel Groups Angel Investor Reputation 52

VC Adventure

FEBRUARY 22, 2010

I’m clearly on the side of not charging entrepreneurs to pitch to investor groups – reputable events of this nature can attract sponsor dollars and/or the angel investors involved should be footing the (relatively small) bill.

Venture Capital 52

Venture Capital Angel Groups Angel Investor Reputation 52

Gust

OCTOBER 20, 2011

In the end, such a portfolio might yield the angel investor a total return on investment of 25% per year or more. These anticipated outcomes were validated by “ Returns to Angels in Groups ” by Professor Rob Wiltbank in November 2007. As can be seen the average (mean) pre-money valuation for recent pre-revenue deals is $2.1

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Startup Professionals Musings

AUGUST 29, 2018

by either angel groups or VCs alone. Startups are not required to have a formal Board of Directors, and can’t afford to implement many of the financial and operational controls required of public companies. That exceeds the amounts contributed in the U.S. Yet crowdfunding is no panacea for hungry entrepreneurs and startups.

Equity 180

Equity Due Diligence Angel Groups Liquidity Event 180

View from Seed

AUGUST 26, 2015

Run in packs and learn from the group (but keep an independent mind). There are a lot of options to expand your deal sourcing, like AngelList, syndicates, angel groups, etc. This is sometimes really tough for former operators. Find people who you think are great and don’t be worried about following their signal.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

View from Seed

AUGUST 26, 2015

Run in packs and learn from the group (but keep an independent mind). There are a lot of options to expand your deal sourcing, like AngelList, syndicates, angel groups, etc. This is sometimes really tough for former operators. Find people who you think are great and don’t be worried about following their signal.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

David Teten

FEBRUARY 2, 2012

I’ll likely organize a Harvard Business School Angels of NY event on this topic in 2012. - Studying best practices of VCs in supporting portfolio company operational improvement. You can see preliminary results of this value creation study below. - Encouraging non-US companies to set up operations in the US.

Government 146

Government Technical Review New York Offshore 146

David Teten

JANUARY 21, 2021

According to a recent interview with Founding Partner Andrew Oved, Reformation invests in SaaS (vertical and application software) and consumer product businesses that have achieved $1M-$5M in annualized revenue, while operating capital efficiently. 20% initial ownership. One third of them are growing over 50% y-o-y.

Equity 78

Equity Revenue Cofounder Colorado 78

This is going to be BIG.

NOVEMBER 1, 2016

Pulling them apart and shedding light on them is an extremely delicate operation for a white male investor, and probably not a good idea, but I'm going to go ahead with it anyway. So if you're a super early stage with just a prototype, you might not think that a VC fund is the right fit for you--so you wind up at an angel group.

Founder 60

Founder Angel Groups Cofounder New York City 60

Up and Running

MAY 28, 2015

Having said that, if you are, what I see in our group is the lean business plan is initially in the background, it’s your screenplay for your movie. It’s your plan that you go to as you develop summary and pitch, and most important, I see a hundred pitches a year because I do judging for some other angel groups and so on.

Lean 60

Lean Business Plan Video Software Review 60

Pascal's View

JUNE 11, 2009

The CVE’s [Center for Venture Education] DNA is that of an “entrepreneur-first” organization, growing out of the culture and values of Mr. K [Ewing Marion Kauffman] and his Marion Labs team that put together and operated the Kauffman Foundation. … We’ve concluded a few simple things.

Venture Capital 31

Venture Capital Programming Angel Groups Government 31