article thumbnail

2011 Valuation Survey of North American Angel Groups

Gust

Philadelphia. 3) Some groups invest $2 million or more in pre-revenue companies, while others typically invest less than $500,000 in these very early stage ventures. This trend is particularly applicable to angel groups who syndicate seed/startup stage deals with a large number of angel groups and seed VCs in their region.

article thumbnail

How to Fund a Startup

www.paulgraham.com

So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation. Some angel investors join together in syndicates. Angels and even VC firms occasionally do this, but they alsoinvest at later stages. The problems are different in the early stages.