My First 9 Months as an Angel Investor

Instigator Blog

But that wasn’t angel investing (although it had some similarities). Nine months ago I made my first independent angel investment. I made that mistake with an angel investor once (who invested in Standout Jobs) and it’s one I’ll never repeat. Angel investing is fun. Some parts of angel investing aren’t fun, namely reading legal documents and wiring money. I’ve also been affected by investors saying no.

The Why and How Of Updating Your Angel Investors

OnStartups

But almost nothing concrete is available on the care and feeding of your investors. The reason is: The CEO is the investor''s user interface into the business. It''s how investors see what''s going on, and in some minimal ways, interact with the business.

Trending Sources

17 Venture Capital Blogs You Should Be Reading

Up and Running

Eric Ries of The Lean Startup has called Andrew Chen’s blog “one of the best entrepreneurship blogs of all time.” This is the home of Jason Cohen, software startup founder, bootstrapper, investor, and mentor.

Lessons Learned: The lean startup

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. I like the term because of two connotations: Lean in the sense of low-burn. But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste.

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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf.

Dave McClure on Lean Start-up Investing

Inc Startups

Dave McClure, the brash-mouthed angel investor and entrepreneur-magnet, shares his lean start-up philosophy and his excitement about female entrepreneurs. Lean means shorter cycle time, less money raised, which limits the entrepreneurs time for experimentation."

It’s Time to Play Moneyball: The Investment Readiness Level

Steve Blank

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. And we can offer investors metrics to play Moneyball – with the Investment Readiness Level.

Book Review: Scaling Lean by Ash Maurya

Kevin Dewalt

A little more than 5 years ago I reviewed Ash Maurya’s first book Running Lean. Ash is about to release his 2nd book, Scaling Lean and I just finished a detailed review on my podcast. Scaling Lean captures how I work. Scaling Lean captures many of the painful best practices I’ve learned over the years. Moreover, I’m going to follow the approach in Scaling Lean rigorously when I do my next startup. Is Scaling Lean for you?

Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development. However, four critical advances over the past decade (cloud, accelerators, Lean, and Angels) not only changed the math for tech investing but made regional tech clusters possible.

How and Where to Write About Technology in Your Business Plan

Up and Running

On one hand, as a reader of business plans for investors, I see way too many business plans that ask a reader to wade neck-deep through technology to get to the business. I’ll join in the due diligence for my angel group, test for myself, and develop my informed opinion.

Business Pitch, Elevator Pitch, and the LivePlan Pitch Page: What’s the Difference?

Up and Running

Here’s how I sort through these different terms, in the context of angel investment, business planning, and business plan competitions. When I say pitch or business pitch I mean the short presentation startup founders make for angel investors or venture capitalists.

Why FastCompany Gets "The Lean Startup" Almost Completely Wrong

OnStartups

Also, I'm a self-proclaimed Lean Startup fanboy. The following are some direct quotes from the article about the lean startup method and my reactions. ” Yes, that is indeed, common sense — but it has little to do with the lean startup.

Busted or Confirmed? 3 Common Myths About Starting A Business

crowdSPRING Blog

While simple business plans or outlines may help guide startups towards investors or a general plan of action, detailed business plans often rob startups of precious time. Lean Business: The Very Model of a Modern Spreadsheet.

Updates on Startup Workshops and the Startup we’re launching

Scalable Startup

I started a new group 2 months ago in Los Angeles – Startup Workshops – #SUWSLA to teach startup success concepts and try to launch new startups.We NEXT GENERAL MEETINGS – I’m getting ready to announce this, leaning toward Funding The Startup as a topic. have over 100 members now, have had a few meetings and are in the process of launching a new startup with some of the members. Below is my update to the group today.

Think Big, Start Small: The Story of a Startup

Up and Running

It’s an approach that is advocated today as part of the Lean Startup Methodology. Angel investor, Boris Wertz believes that if a founder has years of experience in an industry, or if they are passionate about something, they may have what he refers to as ‘ the secret of the market ’.

How Investors Make Better Decisions: The Investment Readiness Level

Steve Blank

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. data that investors, accelerators and incubators can use to inform selection.

The Long Grind Before You Become an Overnight Success

Vinicius Vacanti

We had been rejected by every investor we talked to. We launched the new idea in a three-day scramble, got some initial press, users loved it, and four months later raised $1 million from amazing investors. We had become a part of the lean startup movement.

New Early Stage Financing Options for Entrepreneurs

Gust

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Super Angels. Lean startup. This should be a wake-up call for traditional entrepreneurs and investors alike.

10 Ways For Entrepreneurs To Meet Cash Flow Peaks

Startup Professionals Musings

According to a classic Gompers and Lerner study, the challenge is very real, with a majority of new ventures that don't attract investors failing within the first three years. cashflow entrepreneur investor startup

10 Ways To Win With Multiple Concurrent Businesses

Startup Professionals Musings

Investors have long argued the value of a portfolio to hedge and leverage the risk, so why shouldn’t entrepreneurs do the same? Optimize your advisers and investors. Investors building their portfolio love to hear about multiple startups in one sitting, to select the best fit.

10 Entrepreneur Alternatives To Investor Funding

Startup Professionals Musings

According to a Gompers and Lerner study, the challenge is very real, with a majority of new ventures that don''t attract investors failing within the first three years.

7 Questions Test Entrepreneur Focus Before Funding

Gust

The first question most people seem to ask when contemplating a new startup is where they will get investor money. Here are some key questions to ask yourself, before asking others for money: Do you really need investor funding to make this work? Image via Entrepreneur.com.

10 C-Level Positions That Are Red Flags For Funding

Gust

It’s your startup, so you can give early partners any title you want, but be aware of potential investor and peer implications. VCs and Angel investors like to see a startup that is running lean and mean, with no more than three or four of the conventional C-level or VP titles.

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New Early Stage Financing Options for Entrepreneurs

Startup Professionals Musings

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Super Angels. Lean startup. This should be a wake-up call for traditional entrepreneurs and investors alike.

10 Strategies To Cover New Product Development Costs

Startup Professionals Musings

According to my experience and a classic Gompers and Lerner study, the challenge is very real, with a majority of new ventures that don't attract investors failing within the first three years.

8 Ways To Pivot Your Business To Kickstart Growth

Startup Professionals Musings

Here is my list, based on my own experience as a startup advisor, talking to other angel investors, and derived from the lean startup principles of venture advisor and entrepreneur Eric Ries : Strip the solution down to a focus on a key feature.

The David S. Rose Reading List for High-Growth Startups

Up and Running

The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. ” Lean Business Planning: Get What You Want From Your Business. Lean Customer Development: Building Products Your Customers Will Buy.

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Congratulations are in order…

47 Hats

His first article, Lean Startup: Look Before You Leap is a must read if you still think the way to create your startup is to code first, everything else later. For my cohost Patrick Foley , as he starts a new monthly column for startups over at Visual Studio Magazine.

Don't Make Raising Angel Funding Your Plan B

OnStartups

Chris is a seed stage VC and angel investor at CommonAngels. I wear two hats one as a general partner of a couple of seed stage VC funds, the other as an occasional angel investor. Pitch to angels as partners not just a means to get the VC round.

Positioning for a Startup Market Turnaround | VentureArchetypes.

Seed Stage Capital

During a meal of excellent Osha Thai food in SF, one boutique attorney stated that he has worked on something like 25 early stage financings this summer, mostly involving web startups and angels or super angels (i.e.,

Watching Larry Ellison become Larry Ellison — The DNA of a Winner

Steve Blank

Pragmatic and Lean. Angel investor Don Lucas had his office above ours. In Oracle’s early days Kathryn Gould was the founding VP of Marketing, working there from 1982 to 1984.

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3 Reasons Why Now is The Best Time for Women Entrepreneurs

Up and Running

Lean, hungry companies can muscle their way to the top, unencumbered by the administrative infrastructure that sinks so many new ventures. According to data from the US Census, in 2011 women received 52% of all bachelor’s degrees awarded, and 55% of all master’s degrees. That’s impressive.

The Power of Connection

Scalable Startup

Angel Investor Business Development CEO Succession early stage founder Hawaii Launch SaaS Uncategorized Entrepreneur funding startup Last week I witnessed again the difference between 2 people meeting in person compared all other forms of communication we currently employ.

Episode 7: Changing Plans, Niche Marketing, and the Internet of Things (IoT) | The Bcast

Up and Running

Check out Tim Berry’s book, Lean Business Planning , coming soon. Well that’s where the lean planning comes in. That’s where maybe the lean startup mode comes in. This week Peter and Jonathan debate whether your should stick to your plan or change it.

The Startup Checklist for High-Growth, Scalable Businesses

Up and Running

500 CEO, an angel investor, and a serial entrepreneur. Suffice it to say that when it comes to starting a high-growth business, and understanding the ins and outs of what investors are looking for, David knows what he’s talking about.

Primer On Funding Trends for Early-Stage Startups

Startup Professionals Musings

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Super Angels. Lean startup. This should be a wake-up call for traditional entrepreneurs and investors alike.

The One Piece of Advice I Give All Startups

VC Deal Lawyer

In the end, entrepreneurs lean towards what they know, so product and design or “solving the problem” rank towards the top, meticulous document management towards the bottom.

Following on in a hot market

This is going to be BIG.

In hindsight, if you were an Etsy investor, you would have wished you participated in every single round the company ever did, putting as much as you could in. I question whether or not seed funds leaning into Series A and B deals really know that they have a winner on their hands just a year to 18 months into the life of the company. Plus, the idea of leaning into your winners makes it sound like these funds are really being selective about their follow ons.

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Six reasons to attend AngelBootCamp in Boston on June 14

Fred Destin

It’s probably the best time in history to become an Angel, yet the market is moving with a velocity that is sometimes mind boggling even for the most maverick among us. Jon Pierce and team are putting together the year’s must attend event for angel investors, do join. .

VC Evolution: Physician, Scale Thyself.

500 Hats

Micro-VC: The Artist Formerly Known as “Super Angel” The “Micro-VC” funds (also known by the misnomer “Super Angel funds”), started as far back as the mid-90s with Ron Conway and earlier incarnations of his SV Angel fund.