Angel Investor Internet Start-Ups

February 2nd, 2011

Angel Investors Losing Power Over Internet Start-Ups

Angel investors are facing an unnerving dilemma: internet start-ups don’t need their money.  Internet start-ups require less and less capital to expand and operate, leaving venture capital firms and venture capitalists with less leverage over the small businesses than they once had.

Now, angel investors and venture capitalists like Yuri Milner are even investing capital in companies “sight-unseen”.  This illustrates the extent to which the pendulum has swung in favor of digital entrepreneurs.  As starting an internet company becomes less expensive with costs of servers and internet bandwidth falling in recent years, it makes sense that internet companies are less reliant on outside investors to launch.

The cost of everything from servers to software to Internet bandwidth keeps falling. And businesses can grow very quickly these days if an idea catches on. The result is that it’s cheap to give birth to online companies and they can command high valuations while still young. So there’s a push by investors to get into start-ups earlier in their life cycle, but at higher valuations.

That backdrop helps explain Milner’s decision. He and co-investor SV Angel are offering $150,000 in convertible debt to all 43 companies in a current batch of fledgling firms backed by seed fund Y Combinator. The terms are extremely generous. If a company completes a follow-on round of financing, the debt will convert to equity at the same valuation. Normally, convertible debt from angel investors includes a cap on a firm’s value and offers the holders a discount on equity pricing. Both work to increase the value of equity received by debt holders in a conversion.  Source


Tags: angel investors, angel investor, angel investor valuations, angel investors Yuri Milner, Angel Investors Dot-Com Start-ups, Angel Investors Internet Start Ups, Digital Entrepreneurs

John Landry Angel Investor Term Sheets

December 12th, 2010

John Landry Suggests Changing Angel Investor Term Sheets

John Landy, veteran angel investor and entrepreneur, is arguing that the angel investor-entrepreneur term sheet needs to be reexamined and changed.  His idea that he has been floating lately is a variation of the typical structure in the energy business.  Landry proposes a structure called revenue ro

yalty in which the investor has no equity stake in the start up but rather is paid a percentage of income until a certain pre-arranged limit.

Landry proposes a term sheet for a revenue-producing startup that generates five percent to 30 percent royalties for the investors, until the company has returned three to five times the capital put in. “The first kneejerk reaction is, ‘Holy [expletive], 3 to 5 times?’” Landry said. “The alternative is, by the time you’re done, the venture guy in a similar financing probably owns 70 percent of your business. Whereas in my deal, when you’re done, you own 100 percent. I have no equity.”

It’s old hat in the energy business, where private equity investors and, increasingly, pension funds and strategic investors, have used revenue royalty to turn large chunks of capital into steady streams of long-term returns from natural gas, coal and solar resources projects. Investors in resource-producing regions are also looking for ways to extend the model to IP-based energy startups, said Jenny Hui, vice president of Canasia Power Corp. of Toronto.

“There’s a lot of talk around here on how to emulate the success of companies that have been able to raise money to explore the resources on a plot of land,” she said. “How do we take that to areas like cleantech and VC, where entrepreneurs are having a hard time raising capital?”  Source

Tags: John Landry, John Landry venture capital, John Landry venture capital and angel investors, angel investor john landry, John Landry angel investor term sheets, term sheets

How to Contact Angel Investors Fast

October 7th, 2010

What is the Quickest Way to Contact Angel Investors?

For many entrepreneurs and small business owners, the quickness of which they can contact an angel investor is a very important factor. In this article I answer the common question, “What is the Quickest Way to Contact Angel Investors?”

I would say that the fastest way to contact investors is through a database. To find and research investors could take hundreds of hours, no doubt time that you do not have to waste. If you can spare the expense of purchasing a database of contact details for angels, it may be well worth the investment. For example, our particular angel investor database was constructed by a team of several professionals who spent hundreds of hours compiling a large collection of angel investors and the contact details for each investor. This can be a huge benefit to someone who does not have the time to sort through a bunch of investors that could be scam artists or simply money lending institutions.

Once you have made the decision to buy the directory, the next step is to identify the investors that you want to contact. Then, you should develop a strategy for contacting these individuals. Something to consider: what is the best way to use your time? Should you try to reach out to a select few angels and spend a lot of time trying to develop a partnership with these individuals? Or, do you think it would be better to pitch your investment opportunity to as many angels as possible? If the former is true, try making a very personal and specific contact with each angel rather than a mass email or cold-call. You should be aiming to establish a relationship. If the latter option applies to you and your needs, then consider a less specific e-mail that you only change a few of the details (name, name of firm, etc.) for each communication or a less researched phone call.

These strategies should help you contact angel investors in the quickest way.

Tags: contacting angel investors, quickest way to contact angel investors, how to contact angel investors, how to contact an angel investor

How to Work with Angel Investors

October 4th, 2010

How to Work with Angel Investors

Many entrepreneurs and small business owners are unsure of How To Work With Angel Investors. In this article, I give you some tips for learning how to work with these investors. It is very understandable to be unsure about how to work with angels, but if you follow these tips you should feel more comfortable and confident in your partnership.

  1. Educate yourself: We tend to fear the unknown, and judging by the number of people who have asked me “What is an angel investor?” it’s safe to say that angels are relatively unknown to many entrepreneurs and business owners. You probably know that angels are a good resource for funding to small businesses and start-ups but you should really do your homework on the industry. Read as many articles about angels as you can and analyze your prospects so that you can best position your business to appeal to their investment preferences.
  2. Get to know your prospects: If you have a number of angels that you plan on pitching your business to, it’s good to build a professional relationship with them. Have at least a few meetings to get to know your potential partner with the notion in your mind that this person might be working with you and your business for years to come. Try to eliminate any angels that have a personal or professional style that does not mesh well with you or your business, as I’ll describe more in the next step.
  3. Decide whether the angel is right for you: Once you’ve gotten to know the angel, you have a good idea of what a professional working relationship with this person would be like. Angel investing is a lot closer in some ways than simply private equity investing because angels often take on a very active role in fostering your company, so you should be prepared to have a long and close relationship. Ask yourself, is this someone I can work with long-term? If the answer is no, focus on your other prospects. Raising capital is of course a priority but that capital comes with some strings attached and one condition that many angels expect is that you allow them to have some say in the business. If you cannot accept this, then look for a more passive partner or consider other financing options.

Tags: angel investor, angel investors, angel investor relationship,

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Angel Investor Blog

August 27th, 2010

Angel Investor Blog

Welcome to AngelInvestorGuru.com!  This blog is a free educational resource to learn more about angel investing and talk about issues facing angel investors and entrepreneurs.

I noticed there is a significant lack of quality, frequently updated blogs devoted to angel investors.  I will update this website with news, trends, analysis, videos and whatever other resources I find related exclusively to angel investing.

I hope you enjoy this blog and thanks for stopping by!

tags: angel investors, angel investor blog, angel investor blogs, angel investor, angel investing

Venture Capital Angel Investor

August 24th, 2010

The Differences Between Angel Investors & Venture Capital

The line between venture capital and angel investors is often blurry.  The typical distinctions are in the size of the investment, stage of financing, structure of the fund or investor group and the background of the venture capitalist and that of the angel investor.

Size of Investment

The size of investments range by the investor, but typically an angel investor will invest a significantly smaller amount of capital in a start-up than a venture capitalist would.  This is true for a few reasons: investable income, stage of the business, risk and structure of the investor and/or fund.

Many angels are high net worth individuals who had a successful career and are now retired or working less.  These angel investors often have less capital that they are willing or able to put into what is often a risky investment.  Venture capital firms, on the other hand, collect capital from investors and pool their money into funds so they have more capital on hand for investing in a start-up. Venture capital firms can invest anywhere from $100,000 to millions of dollars in a single start-up while angel investors on average invest around $40,000 but that number can be much higher and much lower.

Stage of the Business

The stage of the business is important, meaning that angel investors tend to invest in start-ups at the very early stages of the company.  This involves a great deal of risk which limits the investors’ capital commitment.  But that is typically not a big impediment to the start-up because in the first year(s) of operation, the business requires less capital from outside investors.  Once the firm has developed and proven it has the management or the idea that could evolve into a much larger, more profitable business, a venture capital firm may step in.  Though some venture capital firms focus on early stages of the start-up, many invest in companies with a short but proven track record of producing a consistent profit.  Venture capitalists therefore focus on the later stages of a start-up and give guidance to the management team during what can be an extremely trying expansion process.

Structure of the Fund

While some angel investors work together in angel investor groups and form venture-like funds, many times angel investors invest independently in a business.  This goes to the nature of angel investment, which is that angels often have a personal connection to the business or the owner(s).  Angel investors often work or formerly worked in the area of business.  So, a former Silicon Valley tech company owner may become an angel investor who looks for new technology firms.  The angel investor will use his past experience to advise and assist the start-up so the investment is more of a close partnership than simply a monetary transaction.

Venture capital firms often have a similar background but the venture capital fund’s management team are full-time venture capitalists, not part-time investors.  The venture fund’s goal is to produce successful businesses to generate returns to the fund’s limited partners.  Unlike angel investors, the venture capital fund derives its income directly from management and performance fees paid by the fund’s investors.  Of course, the larger performance fee is contingent on the portfolio investment’s ability to make a profit so the VC team has a big incentive to grow young companies into bigger, more efficient firms.

Background of the Investor

As I’ve just written, angel investors and venture capitalists are different in that the former often invests independently almost as a hobby or part-time interest, while venture capital firms invest through funds and sometimes alongside other venture firms in club deals.  But the background of angel investors and venture capital investors have some connections.  For example, many venture capitalists and angel investors come from a background working in technology.  In the last 12+ years, many angel and venture investments have been in tech start-ups (although this is not the only area of investment, health care, biotechnology, financial services, etc.) so the investors reflect the companies invested in. The Center for Venture Research provides a profile of a typical angel investor that gives some insight into angel investors’ backgrounds:

The average private investor is 47 years old with an annual income of $90,000, a net worth of $750,000, is college educated, has been self employed and invests $37,000 per venture.  Angels often invest close to home with seven out of ten investments made within 50 miles of the angel investor’s home or office.  According to CVR “Informal investors are older, have higher incomes, and are better educated than the average citizen, yet they are not often millionaires. They are a diverse group, displaying a wide range of personal characteristics and investment behavior.”

I hope this has given a clear distinction between venture capital and angel investors.

Tags: angel investor venture capital, venture capital, angel investor, venture capitalist, venture capital firms, angel investors and venture capital firms, what is the difference between angel investors and venture capital firms

Angel Investor Firm Profiles A-L

August 19th, 2010

We have created individual profiles for hundreds of Angel Investor Firms which we will be updating with the latest news, videos and information on each firm.   We have researched and found contact details for each one of these angel investor firms including:

  • Name of Angel Investor Firm
  • Name of Contact
  • Phone Number (84%+ Available)
  • Email Address (82%+ Available)
  • Physical Mailing Address
  • City, State, Zip Code & Country
  • Assets Under Management (AUM)
  • Year Established
  • Description of Fund

If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

The following is the first part of our list of angel investor firms, to see M-Z follow this link.

Angel Investor Firms

Angel Investor Association

12 Angels

3A Venture

3C Capital

AB2A

Abacus Partners

ABAN

Accel Silicon Valley

Ade Financiacion

Advantage Business Angels

Advantage West Midlands

Alaska InvestNet

Alberta Deal Generator

Alsace Business Angels

Ambient Sound Investments

American Technology Investments Corp.

Amiti Ventures

Andorra Development and Investment

Angel Association New Zealand

Angel Capital Group

Angel Capital Network

Angel Forum

Angel Healthcare Investors

Angel HQ

Angel Investment Fair

Angel Investment Forum of Florida

Angel Investor Forum

Angel Investors of Greater Washington

Angeleno Group, LLC

Ángeles de los Andes

Angelo Gordon & Co.

Angels Den

Angels’ Forum LLC

Angels santé

AngelsCorner

Anges Québec

Anjou Amorçage

Ann Arbor Angels

Ansel Capital Partners

Aprilis Ventures

Arab Science & Technology Foundation

Ariel Savannah Angel Partners

Arizona Angels Investor Network

Arizona Technology Investor Forum

Armor Angels

Arts et Métiers Business Angels

Asebio

Associação Portuguesa Business Angels

Astia

Atlanta Technology Angels

Atlantic Business Angels Booster

Aube Investissement

Aurinvest

Aurora Angels

Australian Association of Angel Investors

Auvergne Business Angels

BAN Bologna

BAN Madrid+D

Band Of Angels

Bantam Group

BarryMoltz.com

Bay Angels

Baylor Angel Network

Be Angels

Beacon Angels

Beer & Partners

Beer & Young

Bellingham Angels

Ben Franklin Technology Partners

Bid Network Colombia

Billiken Angels

BioAngels

BioCrossroads

Birmingham Angel Network

Bi-State Investment Group

Blue Ridge Angel Investor Network

Bluegrass Angels

Bluesky Capital

BlueTree Allied Angels

BlueWater Angels

Boise Angel Alliance

Boston Harbor Angels

Bourgogne Angels

Boynton Angels

Brabo ventures

Brisbane Angels

Business Angels Network of Catalunya

Business Development Company of Rhode Island

Bulgarian Business Angels Network

Business Angel netzwerk|nordbayern

Business Angels Agentur Ruhr

Business Angels Club

Business Angels de la Manche

CalCEF Clean Energy Angel Fund

California Investment Network

Cambridge Angels

Camino Real Angels

Canadian Angel Investment Network

Capital Angels

Capital Community Angels

Capital Proximite

Capital UpLink

Capitole Angels

Caraïbes Angels

CATCAP

CEEI Alcoy

CEEI Valencia

Centennial Investors

Central England Business Angels LLP

Central Minnesota Growth and Transition Fund

Central Texas Angel Network

Central Wisconsin Business Angels

Charleston Angel Partners

Cherrystone Angel Group

Chesapeake Emerging Opportunities Club

Cincinnati’s Angel Capital Hub

Cleantech Angel Network

Cleantech Business Angels

Club 3C

CLUB ABANT

Club de Angeles del IAE

CLUB DE BUSINES ANGELS, INSTITUTO DE EMPRESA

Club Invest 77

Coach & Capital

Columbia Investor Group

CommonAngels

Concho Valley Angel Network

Connect London

Connecticut Venture Group

CoreNetwork

Cornerstone Angels

Corporate Angels

Creative Arts Investment Network

Croatian Angel Network

CTEK Angels

Darling Downs Angels

DDIDF

Delaware Crossing Investor Group

Desert Angels

Développement Durable en Ile-de-France

DNA Cascais

Dutchess County Angel Network

Early Oxford Investments

Early Stage East

Eastern NC - Investor Network

Ecleor

eCoast Angel Network

EDC Capital

Emergent Growth Fund

ENSAE Business Angels

Enterprise Angels

Entrinnova

Entrust

Envestors

E-Synergy

E-VALORA FINANCIAL SERVICES

eVentureCat Investors

Exemplas

Eye of Texas Angels

Fa Diese 2

Fargo Moorhead Angel Investment Fund

Federacion Asturiana De Empresarios

Femmes Business Angels

Finance et Technologie

Finance South East Limited

Finaqui

Finistère Angels

First Angel Network

First Run Angel Group

Fish Taco Seed Funds

Florida Angel Investment Alliance

Foothills Angels

Founders Forum

France Angels

Frontier Angel Fund

Fund for Arkansas’ Future

Fundamental Technologies II

Gathering Of Angels

Global MarkeTeam Ventures

Go Beyond

Goban CAastilla La Mancha

Gold Coast Angels

Golden Gate Angels Investment Group

Golden Horseshoe Angel Network

Golden Seeds

Gould and Co.

Grand Angels

Grand Delta Angels

Granite State Angels

Great Eastern Investment Forum

Great Lakes Angels

Great Opportunities, LLC

Great Valley Pennsylvania Angel Network

Grenoble Angels

Grow Utah Ventures

GSO Investissement

Gulf Coast Venture Forum

HALO

Hampton Roads Angel Network

Harvard Angels

Hawaii Angels

HeadStart Network

Health Care Angel Group

Heartland Angels

HEWICK RESEARCH

Highland Park Angel Group

Houston Angel Network

Hub Angels Investment Group

Hunter Angels

Huntsville Angel Network

Hyde Park Angels

i2E

IBAN

Ice Angels

Idealflow Angel Fund

IDGVC Partners

Illinois Business & Investor Forum

Imporium Angels

Inception Micro Angel Fund

Inception Micro Angel Fund Charlotte

Inception Micro Angel Fund East

Inception Micro Angel Fund Triad

Inception Micro Angel Fund West

Accel Partners

Indian Angel Network

PA Angel Network

Infusion Angels

InnoBAN Business Angel Network

Innovation Synergy Centre in Markham

Innovation Valley Angels

Innovation Works

Invest 95

Invest Southwest

Invest Y

Investessor

InvestIN forum of angel investors

Investors’ Circle

Invicta Angels

IQ2b GmbH Business Angels Network

Irish Angels

Ivy Plus

Janus Discoveries

Jumpstart

Keiretsu Forum

Kingston Innovation Centre (Services) Limited

Lakes Venture Group II

Lancaster Angel Network

Landmark Angels

Lead

Leman Angels

Leonardo

Les Business Angels du Nord

Les Business Angels du Val de Marne

Lewiatan Business Angels

Life Science Angels

Limousin Business Angels

LINK Inversiones

Logoden Participations

London Business Angels

Lone Star Angels

Long Island Angel Network

LORE Associates

Lorraine Business Angels

Louisville Angel Network

Lyon Angels

Tags: Angel Investor Directory, Angel Investors, List of angel investors, angel investors United States, Angel Investors database, angel investors contact, angel investors database, database of angel investors, directory of angel investors

Angel Investor Firm Profiles M-L

August 18th, 2010

We have created individual profiles for hundreds of Angel Investor Firms which we will be updating with the latest news, videos and information on each firm.   We have researched and found contact details for each one of these angel investor firms including:

  • Name of Angel Investor Firm
  • Name of Contact
  • Phone Number (84%+ Available)
  • Email Address (82%+ Available)
  • Physical Mailing Address
  • City, State, Zip Code & Country
  • Assets Under Management (AUM)
  • Year Established
  • Description of Fund

If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory.

The following is the second part of our list of angel investor firms, to see A-L follow this link.

MADBAN

MADRID EMPRENDE

Maine Angels

MALAGA BUSINESS ANGELS

Maple Leaf Angels

Marquette University Golden Angels Network

Mass Medical Angels (MA2)

Mavrick Angels

Media Deals

Méditerranée Investissements

Melbourne Angels

Mercatus Capital

Metutech-BAN

Mid-America Angels

Mid-Atlantic Angel Group

Mid-Atlantic Capital (MAC) Alliance

Mid-Atlantic Diamond Ventures

Midwest Venture Alliance

Minority Angel Investor Network

Mississippi Angel Network

MIT Angels

Monadnock Angel Investors

Montreal Start Up

Nashville Capital Network

Natalus Life Science

National Angel Capital Organization

National Angel Organisation Quebec

National Association of Seed and Venture Funds

Nebraska Angels

Network of Business Angels and Investors

New Dominion Angels

New Mexico Angels

New Vantage Group

New World Angels

New York Angels

Newfoundland and Labrador Angel Network

Nippon Angels Investment Co. Ltd.

NoCo Angels

Norm’Angels

Normandie Business Angels

Norm’Invest

North Angels

North Bay Angels

North Country Angels

North Dallas Investment Group

North East Angels

North Sea Angels

North Star Fund

North Texas Angel Network

Northern Arizona Angels

Northern Colorado Angels

Northern Ireland Science Park

Northern Ontario Enterprise Gateway

Northern Plains Investment

Northwest Angel Network

Northwest Business Angels

Northwest Energy Angels

NRW.BANK – Win Business Angel Initiative

Octave

Octopus Ventures Ltd

Ohio TechAngels

Ojas

Okanagan Angel Network

Olympus Angel Investors

Orange County Angel Network

Oregon Angel Fund

Österreichischen Investment Network

Ottawa Angel Alliance

Ouest Angels / Irus Partenaires

Oxfordshire Investment Opportunity Network

Pacific Northwest

Paris Business Angels

Park City Angels

Pasadena Angels

Pennsylvania Angel Network

Peterborough Region Angel Network

Phenomenelle Angels Fund

Piedmont Angel Network

Pine to Praire Fund

Plug and Play Angels

Pocono Mountain Angel Network

Portland Venture Group

Prairie Capital II

Prairie Winds Capital

PROEXCA

Promontory Angels

Provence Business Angels

Purple Angel

QUANTUM BOARD

Queen City Angels

RAA Ventures

Rain Source Capital

Reed Elsevier Ventures

Reno Angels

Re-sources 1

River Valley Capital

River Valley Investors

Roanne Angels

Robin Hood Ventures

Rochester Angel Network

Rock River Capital

Rocky Mountain Innovation Initiative

Russba

Ryerson Angel Network

SA Angels

SAINT

Salt Lake Life Science Angels

San Joaquin Angels

Sand Hill Angels

Saskatchewan Advanced Technology Association

Saskatchewan Angel Investor Network

SATAI Network

Savoie Angels

SDSU/Brookings Angel Fund

Seed Capital Fund of CNY

Seed Step Angels

Seedfund

SER Angel Investors Network

Seraph Group

Show Me Angels

Sierra Angels

Silicon Garden Angels Investors Network

Silicon Pastures

Silicon Valley Band of Angels

SIRS

SODECAN

SODERCAN

Sofia Angel Fund

South East Capital Alliance

South Metro Investors

South Mississippi Angel Network

South Texas Angel Network

Southern Utah Dixie Angels

Southwest Michigan First

Southwest Pennsylvania Angel Network

Space Angels Network

Spartina

Springboard Capital

St. Cloud RAIN Fund

St. Louis Arch Angels

Start Me Up

StartAngels Network

Startup Florida

Stateline Angels

StepStone Business Partners

STN Labs

STOC Angel Investment Network

Strathclyde University Incubator

Successful Entrepreneur Investors LLC

Sud Angels

Susquehanna Investment Network

Sydney Angels

Symbiose 53

Synergence

TacomaAngel Network

TAG

Tall Oaks Capital

Tech Coast Angels

Tech Valley Angel Network

TechRanch

Tevel Angels Club

Texas Women Ventures Fund

Thames Valley Investment Network

The Alliance of Angels

The Angel People

The Angels Institute

The Atlantis Group, LLC

The Brook Road Group

The European-American Angel Club

The Foundations Club

The Golden Angels Network

The Great Valley Technology Alliance

The Island Group

The Meyering Corp.

The Mid-Atlantic Angel Group Fund I

The Tamiami Angel Fund

The Texas Angels

The Viking Business Angels Club Ltd

Tigris Capital Pte Ltd

Top of Utah Angels

Toulon Var Technologie / Var Angels

Traverse Angels

Tri State Ventures

Triangle Accredited Capital Forum

Tribe of Angels

Tri-Cities Regional Angel Investor Network

Tri-State Investment Group

Tri-State Private Investors Network

Turkish Business Angels Network

Twin Cities Angels

Two Rivers Angel Investment Network

UNIBAN

University of Warwick Science Park Limited (Minerva Business Angel Network)

Upstate Carolina Angel Network

UpStream Ventures

US Angel Investors

Utah Angels

Val d’Oise Angels

Val de France Angels

Valley Angel Investment Fund

Valley Angels Investment Group

Vancouver Enterprise Forum

Vantec Angels

Vegas Valley Angels

Venture Forum Neckar e.V

Veraventure

Vermont Investors Forum

Vested for Growth

VikingAngels

Virginia Active Angel Network

Vivarais entrepreneurs

Waco Angel Network

Walnut Venture Associates

Washington Technology Center

Wayne Brown Institute

Wed 3

Wedgwood Circle

Williamette Valley Angel Network

Wilmington Investor Network

Winners Investors Network

Winnipeg Angel Organization

Winter Park Angels

Wisconsin Angel Network

Women’s Capital Connection

WomenAngels.net

Wyoming Angels Network

Xcelerate Limited

XEDA

Xénos

XG Bay Area

XG Ventures

XMP Business Angels

Yes Angels

York Angels

Yorkshire Association of Business Angels

ZINO Society

Tags: Angel Investor Directory, Angel Investors, List of angel investors, angel investors United States, Angel Investors database, angel investors contact, angel investors database, database of angel investors, directory of angel investors

J Curve Angel Investing

August 17th, 2010

J Curve Angel Investing

An Introduction to the J Curve & Angel Investors

The following is a brief introduction to the J Curve and its application to private equity and angel investing.  Understanding the J Curve is very helpful in angel investing and planning your investments and businesses realistically.  Most start-ups follow the J Curve model so it’s good to know.

The J-Curve shows an investor the compound return over time (IRR) of a start-up in order to asses its performance. Most start-ups will exhibit strongly negative returns in the early years as the money is drawn down through expansion costs, mistakes, and other ways that initial investment is spent in the early years. After the business begins to mature, positive inflows of cash come back into the company until the amount of outflows precisely matches the amount of inflows, creating an internal rate of return (IRR) of zero.

As the start-up continues it’ lifespan, the IRR should move into the arena of positive returns demonstrating long-term maturation and an ability to generate profit that is returned to the angel investors.

The J-Curve is so named because the curve resembles a J, usually with a less sharp curve.  It is often compared to the shape of a hockey stick.  Here is an example of the J Curve:

This is just a brief introduction to the J Curve, if you want to add more to this article send me an email.

Adapted from Private Equity Blogger

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Film Angel Investors

August 16th, 2010

Finding Film Angel Investors

If you’re looking to finance a new movie or just trying to get seed capital for your film company, it can be hard to find interested investors.  The odds seem against a new film company, considering that many more films flop than succeed and that still more business fail than succeed.  But don’t lose heart, there is an angel investor group looking for indie filmmakers like yourself.

FilmAngels is a group of film angel investors who focus entirely on that area.   The group is comprised mostly of tech executives and investors who rely on their experience in business and venture capital investing to help develop independent films and (hopefully) make a return on the investment if/when the film makes it to the big screen.

The group is very active and entertains at least five pitches a month from promising filmmakers.  The group’s angels invest in whatever films they find particularly entertaining or have a high potential profitability.  It was founded in 2005 and as of 2009 the group had given capital to twelve films.

For a great profile of the film angel investors see this WSJ article.

Or visit the group’s website to learn how you can get your film seen by the FilmAngels.

In the last few years I have been approached by MANY filmmakers looking for help financing their film, so it’s great to see that this group has addressed this need.

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Delta Angel Group Angel Investor Firm Profile

August 16th, 2010

Below please find the Angel Investor Profile for Delta Angel Group.

At this time we are still constructing this profile for Delta Angel Group. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Delta Angel Group, Delta Angel Group investors, Delta Angel Group angels, Delta Angel Group contact, Delta Angel Group email

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Active Angel Investors

August 13th, 2010

Directory of Active Angel Investors

Some companies offer angel investor directories but then you open the database and find many retired or inactive angel investors.

To address this concern, we have developed the Angel Investor Directory that has been developed and thoroughly researched throughout the last 6 months to ensure that this edition is as recent and as useful as we can make it.  It’s impossible to guarantee that the angel investors will be active but with such a new and updated directory we have done our best to ensure these angels are active.

In this directory of angel investors we provide the following information:

  • Name of Angel Investor Firm
  • Name of Contact
  • Phone Number (84%+ Available)
  • Email Address (82%+ Available)
  • Physical Mailing Address
  • City, State, Zip Code & Country
  • Assets Under Management (AUM)
  • Year Established
  • Description of Fund


Tags: Active Angel Investors, Active angels, active angel investor, directory of angel investors, where to find active angel investors, finding active angel investors, active angel investor database

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Private Equity Directory

June 20th, 2010

Directory of Private Equity Firms and Database of Investors

Is your company looking for larger investors and a management team that can help your business?  Angel investors focus in smaller deals and provide less capital to business but private equity firms focus on big deals and later stage financing.

Private equity firms can be hard to find and even more difficult to contact.  That is why our team has created a database of over 1,000 private equity firms with full contact information including the contact’s website, phone number, as well as mailing and e-mail addresses.
Our team has invested our time in developing and updating a deep, constantly-improved directory of private equity firms and their contact details in Excel format.  This is a valuable resource for firms, capital raisers, individuals trying to meet with private equity firms, students, internship or job-seekers and private equity service providers.
This Private Equity Firm Directory contains the private equity fund firm name, primary contact name, physical location, assets under management, phone number, fax, and email address as well.  Collectively the 1,000+ private equity firms in our database control well over $200B in assets.  This directory is a great way to gain access to hard-to-find contact details for private equity firms.  Click here to learn more about this directory of private equity firms.
Directory of 3,800+ Private Equity Investors
If you are a private equity firm and would like to raise capital by contacting private equity investors, see our Private Equity Investor Database. Use this Private Equity Investor Database to broaden your fundraising efforts with our diverse pool of thousands private equity investors.  The Directory contains the private equity investor firm name, primary contact name, physical location, strategy, phone number, fax, and email address for more than 3,800 private equity investors. Collectively, the thousands of potential private equity investors within our directory control well over $500B in assets.
Gain access to the contact details for the following private equity investors:
  • 700 Family Office Listings
  • 730 Wealth Management Firm Listings
  • 265 Institutional Investment Consultant Listings
  • 924 Endowment Fund Listings
  • 50 Sovereign Wealth Fund Listings
  • 600 Pension Fund Listings
  • 600 Foundation Listings
If you would like to learn more about this Private Equity Investor Directory please follow this link.

Or if you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: private equity directory, private equity firms directory, list of private equity firms, private equity firm database, list of buyout firms, buyout firms, private equity firms in the united states, US private equity firms

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Angel Investor Advice

June 3rd, 2010

Angel investors are usually wealthy individuals with an eye for a special industry or niche investment areas.  But becoming an angel investor is not easy and it involves a lot of risk.  Brad Feld has some great advice to those aspiring to be angel investors, here is the abbreviated version:

1. Be promiscuous: To be a successful angel investor, you have to make a lot of investments.

2. Have a long term financial strategy: Early on I decided that I was going to write the same size initial check in every angel investment.

3. Understand the difference between 0x and 100x: I’ve had two of my angel investments return over 100x each.  Since I had a strategy of investing the same amount in each company, all I needed was one 100x to allow me to have 99 companies completely flame out and return 0 and I’d still break even.

4. Choose people over ideas: I have never regretted making new friends through an angel investment that failed.

5. Decide quickly: My best investments as an angel were made after one meeting and I’ve often committed in the meeting.

6. Don’t torture entrepreneurs: Remember, you are supposed to be an “angel investor”, not a “devil investor.”

7. Run in a pack: The best angels run in packs.  They share deals.  They love to work together.  They don’t feel obligated to invest in each others stuff, but they often do.  And they communicate with each other.   Source

Copywriting for Capital Raising

January 20th, 2010

Copywriting for Capital Raising

This short video below explains why copywriting is so important and why ignoring this area can kill your progress towards raising more capital for your hedge fund.  Below is a definition of copywriting for those of you new to the subject, and if you are reading this via rss or email you will need to click here to view the embedded video on our website.

Definition of Copywriting:  The strategic use of the right words within sales letters, websites and presentations to influence others to take action.

Author: admin Categories: Uncategorized Tags:

Angel Investors West Virginia

August 7th, 2009

Angel Investors West Virginia

Angel Investors Working with Entrepreneurs in West Virginia

At an entrepreneur conference in West Virginia, angel investor Mike Smith revealed that angels are working with a local West Virginia man to start a bottled water company that could enter New York and other Northeastern markets.  The startup was used as an incentive for other local entrepreneurs to get their businesses off the ground using angel capital.

In this area, the Gateway New Economy Council pulls together investment angels and acts like a centralized clearinghouse for the Angel Investment Network.  GENC works with entrepreneurs on their presentations to investors so they can defend their business plan, said Lori Rea, GNEC executive director.  “Angel investors want to invest in their own backyard,” she said. “They are hands on. Entrepreneurs have to expect that level of involvement.”  “If you need access to seed-stage capital, let us know,” Rea added.

A venture capital organization that also has invested in the tri-county is the West Virginia Jobs Investment Trust. STaSIS needed growth capital, so JIT approached an angel investor in Charleston who wrote them a check for $100,000, he said. Other organizations invested in the move as well, Zulauf said, such as the West Virginia Infrastructure Council, the Bank of Charles Town and the Jefferson County Development Authority.  STaSIS should break ground for its new facility at Summit Point in about a month, Zulauf said. He expects Gov. Joe Manchin to be there for the ground-breaking ceremony. STaSIS produces after-market performance-enhancing parts for Audi cars.

Other speakers at the entrepreneurs event were Gail Moxley of CNB Bank, and Christina Lundberg, manager of the Small Business Development Center of the Eastern Panhandle and Joe Brouse, business lender, of Natural Capital Investment Fund.  Meetings are usually held on the first Thursday of each month at 5:30 p.m. The next meeting will be on Sept. 3 at the Country Inn, Berkeley Springs.  Source

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Jack Lang

July 23rd, 2009

Jack Lang

Angel Investor Jack Lang’s Top Tips for Entrepreneurs

Jack Lang is the entrepreneur-in-residence at the University of Cambridge’s business school.  He has worked with a number of entrepreneurs and advises them to focus on understanding their customer.  Here is his quick tip for entrepreneurs:

Mehdi Maghsoodnia

July 14th, 2009

Mehdi Maghsoodnia

Angel Investor Becomes BookRenter’s CEO

Mehdi Maghsoodnia, angel investor and prominent figure in the high tech industry, has been named the CEO of BookRenter.com Inc.  Mr. Maghsoodnia has served on the board of several Silicon Valley start ups such as BlueTweet.com and NatureAir.  His most recent management position was as vice president of products for CafePress.

Mehdi Maghsoodnia will be replacing BookRenter’s founder Colin Barceloux, who is moving to the role of vice president of business development.  BookRenter offers customers the opportunity to rent books rather than purchasing.

“Mehdi is exactly the right leader for BookRenter,” said Barceloux. “His extensive technology background and vision will help us deliver on what we think is the mission of our company, making textbooks affordable and accessible. His strong management experience will help us build a world-class team as we scale rapidly.” (BizJournal)

Angel Investor Ron Conway

July 6th, 2009

Angel Investor Ron Conway

Video of Angel Investor Ron Conway

Technology is one of most popular angel investment areas.  Social media networks like Twitter and Facebook are websites that may have seemed ordinary to the untrained eye but with some capital from angel investors companies like those can grow immensely.  It’s every angel’s dream to get in on the ground floor of a company like Facebook which is why it’s so exciting to hear from someone like Ron Conway.  He sits on the advisory board for Twitter, Facebook and Digg–all highly successful social media technology companies.

The following video is a forum conversation with Ron Conway in which he discusses the current IPO Market, what defines a successful entrepreneur and what the opportunities are in websites like Twitter and Facebook.

Social Media Angel Investors

July 2nd, 2009

Social Media Angel Investors

Angels Investing in Social Media Opportunities

Social media is a rapidly expanding industry and could be a great chance for angel investors.  John Ryan has an interesting post on the opportunities for angel investors in social media.  The decline in operational costs for running social media is an important factor for attracting angel investors, as the expenses for storage, processing power and web-based computing continue to lower.  Significantly, social media allows start-ups to actively test new products and ideas with users throughout.

Social media, by design, requires little marketing or branding effort because users do most of this work for the start-up through word-of-mouth.  It is distinctly hit-or-miss, users won’t put up with a social media product that they don’t like, there are too many alternatives.  But the versatility of social media allows a smart start-up to keep trying new ideas until one sticks.

Expansion is only necessary if the product is useful and this is easy enough to find out.  If your friends don’t use the product, it probably isn’t compelling enough to warrant expanding to other users.  So, entrepreneurs can test the design on their friends, gather feedback and only branch out once they have a worthwhile product.  This should be attractive to angel investors who want a well-tested product before they commit too much capital.

Social media may eventually require a large capital input, like Facebook needed to reach its current size.  But in the early stages of angel investment, most social media products just need a minor investment to get up and running.

This is not to say that there’s no risk, as the dot-com bubble proved, no start-up niche is invincable.  So, working with a team of seasoned angel investors and entrepreneurs is key so that no one becomes dillusional about the possibility of failure.   Angel investors, therefore, must contribute more than just capital.  Young social media entrepreneurs have to keep their business senses and make sure the model is sound.

Angel Investor Risk

June 30th, 2009

Angel Investor Risk

How Angel Investors Reduce Risk

Risk in private equity investing is inherent in the process. Often the greater the Risk, as in early stage the company, the great the Reward…if the terms are right. Lots of “ifs” involved in angel investing. You get the greatest return when you invest and the company has a low valuation. But that is often based on not accomplishing many milestones yet. Without the milestones to show a company can execute, the risk is greatest. So what are some key milestones a company should have at the major stages of development?

Start Up or Seed Stage:

1. Has a working business plan that delves into key areas of the business so they know what they do not know and what they will need to get help on. For example: Figuring out the actual cost of goods when manufacturing. Or will they hire sales reps or outsource sales etc.

2. Has protected the product and offering with patents, copyrights, or at the very least explored it and determined trade secrets are best.

3. Fully understand who their target market is and why they want to buy that product or service and what are they willing to pay for it.

4. Have assembled a good advisory board, even if they do not have the funds for a management team. They should be people that have relevant experience.

5. Has been able to raise a “friend and family” founders type round to at least get the $100,000 to $200,000 needed to build the balance sheet, pay for the patents etc, allow the CEO to actually be a full time CEO, and ultimately do the things that validate the business.

Early Stage:

1. Building upon the seed start up stage, as a company enters into Early Stage they should have a finished product and either customers already buying or at least have a serious pipeline of customers they have been courting and will be buying.

2. The money that comes in at this round should get them to cash flow positive.

3. They should be expanding management to include “execs with checks” or at least management that believes enough in the project to share risk through compensation from shares. No Hired Guns.

4. They should have analysis on the exit….do companies such as theirs get bought or go public. Who in their industry has done either? Who has bought companies like theirs. Because if they know what they are going to grow up to be, they can put a plan in place to get there. This is where you get your return, so this is important.

Expansion Stage

Angel Investors really do not play at the expansion stage, and at that point the risk is still greater than a public company borrowing money from a bank, but not near the risk associated with Early Stage or Seed Start up Stage companies.

At just about every stage, you can also mitigate risk though the use of key-man insurance to protect in case something happens to the inventor/founder etc. Also you can mitigate risk in the structure of the deal so that if the company has to go to a fire sale, you can get all or most of your investment back when the company is liquidated.

Angel investing can be very rewarding if the risk is appropriately mitigated.

Written by Karen Rands, President and CEO of Kugarand Holdings LLC; article source

Become an Angel Investor

June 28th, 2009

Become an Angel Investor

Should I Become an Angel Investor

With a turbulent stock market and a real estate market in serious decline, it definitely makes sense to seek out alternative investments. One possibility that many wealthy individuals overlook is making investments in private equity. This simply means investing in a company that is privately held rather than in a public company that offers its stock to the public over a stock exchange. People who make these sorts of investments are sometimes referred to as “angels,” a term that originated in show business, to describe individuals who provided financial backing for theatrical productions. It is now widely used to describe an investment in any business venture, particularly start-up companies. Many of today’s most successful technology companies received their initial capital from wealthy individuals.

An angel investor is sometimes called an accredited investor. That is defined as an individual who has a net worth of at least a million dollars not including the value of their residence.

Angel investing is riskier than investing in public companies because many times the companies seeking capital are early stage enterprises without significant cash flow or earnings, and it is difficult to predict how profitable the company is going to be. A significant number of early stage enterprises fail, so there is a very real possibility in any investment of this type that you will lose all of the capital you invested. The other significant element of risk is liquidity: private equity investments typically must be held until the company is sold or goes public, which could be 2, 3, or 4 years in the future. You can’t simply log onto your investment account and put in a “sell” order as you can with a publicly traded security. The upside potential is extremely attractive, however. It’s not unusual for angel investors to earn a 50% compounded return on their money. And angels also get the satisfaction of watching a small, unknown company become large and successful-and knowing they contributed to its success.

Angel investing is definitely an activity for high net worth individuals. Although the amount of investment in any one deal varies widely, it is quite high, $20,000-$100,000 or more. The average investment in a single company by an angel is $78,000.

How do you get started in angel investing? There are angel investor organizations, called angel networks, in many cities in the US, and not just in traditional centers of venture capital investment such as the San Francisco bay area, or Boston. Joining one of these and attending their monthly meetings is a good way to see how angel investments are made. The investment can be made as a group to spread the risk or on an individual basis, each angel conducting their own due diligence and deciding whether to invest or how much to invest. By becoming part of an angel group, it allows you to network with other angels and learn from their experience.

Written by Brian Hill, the author of Attracting Capital from Angels

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Dave Berkus

June 27th, 2009

Dave Berkus

Video of Venture Capitalist and Angel Investor Dave Berkus

David Berkus is an early stage venture capitalist and angel investor specializing in technology.  Mr. Berkus serves as Managing Partner of Kodiak Ventures, L.P. and of Berkus Technology Ventures, LLC, both early stage capital investment funds - and Chairman- Emeritus of the Tech Coast Angels, one of the largest angel investing networks in the United States.  The following is a video of Dave Berkus speaking on investments.

Angel Investor Advice

June 26th, 2009

Angel Investor Advice

Advice for Angel Investors

For entrepreneurs who are looking for an angel investor to help them with their capitalization needs, one of the most difficult things to do is to actually meet with an angel investor and present his or her business plan. However, there are a number of things that an entrepreneur should bear in mind with regard to angel investors so that he will not have to worry too much about what will happen during the meeting.

Before the meeting

One of the first things that entrepreneurs should bear in mind is that even before an angel investor agrees to meet with him or her, the angel investor probably already has an idea of who he or she is. This is because of the fact that angel investors make it a point to “screen” who they meet with, and, as much as possible, they want to be introduced to entrepreneurs by a trusted friend or relative so that they would have a “reference.” This is because they want to meet with entrepreneurs whom they can have confidence in and trust.

If an angel investor is a family friend or was introduced by a friend or a relative, it would be good to hold a “pre-negotiation meeting” before the big meeting by inviting the investor to gatherings or parties. This is because doing so can allow the entrepreneur and the investor to get to know each other better before the meeting, which can also serve as a good opportunity to make a good first impression.

During the meeting

During the big meeting, an entrepreneur can build on the first impression that he has made by coming to the meeting prepared to effectively present his business concept and to answer any questions that the investor may have. To be able to do so, he or she must prepare a good business plan and bring some very important tools like a calculator, which can help him assess his business needs given the different options he would be presented with during the meeting. In case the investor agrees to invest, it would be a good idea to draw up a letter of intent. However, if the investor is a friend or a close family friend, a simple verbal agreement and a handshake would suffice before the papers are prepared.

To help relieve some of the anxiety that an entrepreneur goes through in looking for an angel investor, there are a number of ways by which he or she can make the meeting with an investor more pleasant. Some of these include holding a “pre-negotiation” meeting and preparing well for the meeting in order to leave a good impression with an investor and increase the chances of signing an investment deal.

Article Source

Healthcare Angel Investors

June 25th, 2009

Healthcare Angel Investors

Angel Investors Turning to Healthcare Products and Services

As with any investor, it can be expected that an angel investor would only put his money into a business that would provide the least risk on his investment. This is reflected in the investment decisions that such an investor would make, especially in the types of products or services that a business provides. Usually, angel investors invest in businesses that have the potential for long-term profitability. In recent years, the preference of angel investors has been in medical devices and medical related services, including medical billing services.

As a result, entrepreneurs who opt to go into businesses that make medical devices and provide medical related services have found it a little bit easier to get the interest of angel investors. However, this does not mean that anyone who decides to go into these kinds of businesses would get an angel investor to invest just like that, as there are things that entrepreneurs need to do first before they can sign a deal with an angel investor.

What angel investors look for

Apart from a presenting a potentially profitable product or service, businessmen need to prepare a number of things and equip themselves with a number of skills that would increase their chances of landing a deal with an angel investor. Among these skills, one of the most important is competent management skills. In addition to this, an entrepreneur needs a good business plan, which identifies the size of the market, the competitive advantage of his business, and financial forecasts.

On the other hand, there are also a number of things that entrepreneurs should avoid when they are presenting their business concept to an angel investor. Some of these include and having unrealistic valuations for the purpose of making his business more attractive. This is because angel investors are very astute businessmen, and they can tell if you are trying to fool them. If they catch you doing it, you can kiss their investment goodbye.

Recently, angel investors have become very interested in the medical field, which has made it easier for entrepreneurs who are in the field to gain access to capital. However, even if an entrepreneur is in the right type of business, there are still a number of things that an entrepreneur needs to prepare and skills that he has to learn before he can land an investment deal with an angel investor.

Article Source

Venture Capital Investor Relations

June 25th, 2009

Venture Capital Investor Relations

Advice for Improving Venture Capital Investor Relations

It’s often the case that General Partners are at one of two sides of the Investor Relations spectrum. Either the GP wishes to improve their Limited Partner relations, but doesn’t know how to go about revamping this area; or the GP is damaging their limited partner relations and totally oblivious about it. So, even if you believe that your team is satisfying your limited partners, it’s worth looking reviewing. Fortunately, Denise Palmieri at peHUB specializes in investor relations and offers her seven tips for improving limited partner relations. I’ve added my own thoughts on the advice:

1. Start Over: Reexamine the way you communicate with your Limited Partners. Ask yourself: “How do you communicate with them? Do you actually talk with them or is it simply a reporting function and you only actually speak with them when you need their renewed investment for the next fund?” Limited Partners will respect the fact that you are taking steps to improve your relationship so don’t be afraid to directly ask them what you can do to strengthen their trust in you. Take that feedback and work to address it, you will do further damage to the relationship if they tell you what you can do and you ignore it.

2. Commit Your Time and Effort: If you are serious about limited partner relations then you have to incorporate this area into your routine by setting aside regular time to build the relationships. Palmieri suggest going beyond required reporting and the annual meeting, and keep up informal communication with your investors. Limited Partners know what you are required to do and by doing more than that minimum you are showing that you care about them and their input. Emphasize the idea of a partnership–after all, that is what you and your investors are–and by keeping them involved in the decisions you promote this relationship and removes some of the shroud from your operations. You can also benefit from hearing the LPs perspective, and some LPs may contribute their network of contacts and experience to the partnership.

3. Be Honest and Forthright. As Palmieri puts it, “Don’t play hide the ball or sugarcoat bad news.” GPs can do irreparable damage to their Limited Partners relationships by being dishonest or covering up failures. Limited Partners may look past poor performance but lying about it can expand what would have been a minor setback. Lesson: be honest and direct with your Limited Partners.

4. Offer Sincere Appreciation. Any top performing fund can use a little humbling and nothing can take you down a peg as losing a valuable client because you put other aspects above LP relations. Even if your fund is bringing great returns, you should never lose sight of who gave you the money in the first place. Your fund may be doing great now, but that might not be the case next year and you need a strong relationship to keep those Limited Partners with you through thick and thin. So show your appreciation for their investment, loyalty and advice.

5. The Grass is not Greener. Although you may have other Limited Partners that you can turn to, it’s often easier to work toward satisfying your existing investors and building that relationship. It’s important to balance finding new investors for your next venture and keeping your current ones happy. Limited Partners won’t appeciate you neglecting their current committment because you’re working on impressing the next group of investors.

6. The Buck Stops Here. There are a lot of factors that combine to produce poor returns to investors, but inevitably a share of that responsibility falls on you. Palmieri notes, “Humility and self-reflection goes a very long way in an industry filled with uber-confidence and differentiates you from the blame-layers.” Limited Partners should know that there is never a fund that will always produce high returns every quarter. Simply explain what happened, say you’re sorry and try not to make excuses.

7. Flexibility is Survival. When negotiating terms with your investors, put yourself in your Limited Partners’ shoes. Try imagining your reaction if a prospective portfolio company asked for those terms. Really, your role as an investor in portfolio companies is similar to your Limited Partners to your fund. “Flexible relationships with mutually aligned interests are the ones that survive in all conditions.”

Going the extra mile with your clients can really make a difference in retaining your investors. Taking concrete steps to improve your Limited Partner relations is crucial in a time when investor confidence in General Partners is so weak.

To read the full article click here.

Angel Investor Business Plan

June 25th, 2009

Angel Investor Business Plan

Creating a Business Plan for Angel Investors

When presenting your business plan to an angel investor you must understand that they will be very interested in your spreadsheets and proformas, but you must also realize that it is typically an entrepreneurial optimistic approach, which causes problems with proformas.

Therefore, you should have dueling spreadsheets; that is to say the spreadsheets, which take your best guess and double the time, double the expenses to compete with your optimistic approach. You should be able to present both of these to your Angel Investor; who chances are is a retired business person with a little bit of financial savvy.

This will show your Angel Investor that you indeed are a rational thinker and concerned about the money as well as the truth. If the Angel Investor cannot trust you your chances of being funded are nil. An angel investor is betting on the jockey not only the horse. As an entrepreneur you must be honest with yourself as well as your financial partner.

They want to make sure you believe in what you are doing and that you also have risked your own capital, time and energies into the new business. Angel investors want you to succeed and often they also like to give their input and if you end up taking their money for your startup, the need to realize that their input needs to be taken seriously.

Angel Investors are typically much better investors for a long-term business plan that Venture Capitalists, although they do not come usually with the incredible network to help you succeed. Venture Capitalists are more interested in themselves and making money on their investment then what you get out of it or the future of the business with you in it. An angel investor is interested in you, the future of the business and the possibility of making a whole lot of money on their investment. Please consider all this when presenting your business plan to an Angel Investor.

Written by Lance Winslow, Article Source

Angel Investor Returns

June 23rd, 2009

Angel Investor Returns

Paying Back Angel Investors for Capital

Equity capital, unlike debt capital, is when someone or some company invests in a company in return for shares or stock in that company. Angel investing is generally done as such an equity investment.

This money does NOT need to be paid back to the investor.

Rather, the investor generally gets paid when there is a liquidity event, which is the event through which the company “cashes out” such as being sold to another company or having an initial public offering or IPO. Note that a liquidity event is also known as an “exit.”

Note, however, that in some angel investments, angel investors can be paid dividend payments or profit sharing over time, and sometimes angel investments are structured as convertible promissory notes. Convertible promissory notes are loans with a fixed interest rate which, at maturity, can be redeemed for cash or shares of stock in a company. So, in essence, they are loans that can be converted into equity.

As you might imagine, equity capital is much riskier to investors than debt capital. As a result, angel investors expect to earn higher returns than they do with debt.

Specifically, angel investors generally expect to earn returns of approximately 30% from their private company portfolio. Note however, that you cannot simply offer an angel investor the chance to earn a 30% average return on investment (ROI). Why? Because most angel investments fail to reap any ROI. As such, if half of their investments fail, they would need to earn 60% returns on those that succeeded to realize a 30% average return.

Written by Dave Lavinsky, article source

Attracting Angel Investors

June 23rd, 2009

Attracting Angel Investors

What Angel Investors Look For in a Company

In order to consider investing, angel investors must believe that the company has great potential to achieve a liquidity event, and one that enables them to earn a significant return on their investment. The following factors imply that a company has this potential.

The first criterion is scale or the potential for the company to achieve significant annual revenues. If a company expects to raise venture capital after the angel round, it must have the potential to earn annual revenues of $50 million to $100 million within five years.

Conversely, an angel investor, when no follow-on capital is required, might be willing to invest in a restaurant or website that has the potential to generate hundreds of thousands or a few million dollars as long as a clear path has been laid out regarding how they could get a sizable return on their investment.

The second criteria is barriers to entry. Barriers to entry are those things that make it difficult for another firm to compete against you, such as patents or proprietary technology, a unique location, and long-term customer contracts.

The third criteria is having a strong management team with relevant experience and successes under their belts. The angels must believe in and be comfortable with both the founders and the key operating personnel of the company.

The fourth criteria is that angel investors need to feel confident of your exit strategy, mainly that the chances are good of eventually having another firm purchase you or your firm going public. It is through your exit strategy that these investors profit from their investment in you.

A final criteria, while not necessarily tied to liquidity potential, is that angel investors tend to only invest in local companies. Angel investors often like to invest in companies that are close by so that they can visit them often and participate in Board and other meetings. In fact, according to the Center for Venture Research, 70% of angel investments are made within 50 miles of the investor’s home or office.

Written by Dave Lavinsky Article Source

Venture Capital Forum

June 22nd, 2009

Venture Capital Forum

Audio from the Venture Capital Forum

From Venture Capital Blogger: Dan Primack of PeHUB the audio from a venture capital forum that he moderated a couple months ago.  The conference is invite-only for technology entrepreneurs and investors.  Panelists included: Brad Feld (Foundry Group), Josh Kopelma (First Round Capital), Jo Tango (Kepha Partners) and Eric Hjerpe (now with Kepha, but an official free agent at the time).

The panelists shared some interesting insights such as telling which firm they’d join if their’s didn’t exist, Josh comparing troubled portfolio companies to train fires and Brad’s argument that the survival of venture capital as an asset class is mostly irrelevant to his business.

Here is link to the audio for Venture Capital Forum Audio

Private Equity Startup Event

June 18th, 2009

Private Equity Startup Event

We are putting together a panel for an investment fund startup up event scheduled for June 18th, 2009.

We are looking for a private equity fund manager who would like to be on a panel sharing startup stories with other small hedge fund managers. We are looking for tips on forming a fund, raising capital, hiring talent and wearing multiple hats while running a private equity fund business.

If you are a private equity fund with less than a 5 year track record and under $100M in assets under management please email me directly at Richard@HedgeFundgroup.org.

What Is an Angel Investor

April 25th, 2009

What Is an Angel Investor

Answering the Question What Is an Angel Investor?

Angel investors have been around for many years but experienced business-savvy angel investors are a relatively new phenomenon and some are wondering: what is an angel investor?

An angel investor is a person that provides seed money to young businesses and for launching startups.  The capital committment is usually tied to some element of control or advising to the company.  Angel investors are often retired, wealthy individuals with business experience or have spent years within a specific industry.  The angel investor will draw from that experience to help grow the business while making a profit from it.

Angel investors will charge a fee–often 1-2% fee and 10-20% of whatever profits.  The investor understands that many business ventures do not succeed but the hope is that one of these ventures will blossom into a success and the angel investor will receive a high return for his stake in the company.

How to Be an Angel Investor

April 25th, 2009

How to Be an Angel Investor

How to Be an Angel Investor

Angel investing used to be reserved for–as one article puts it–”friends, family and fools.”  However, this is no longer the case as business-savvy investors seek to get in on the ground floor of startups and even organize themselves into angel investor funds.  By investing in one of these funds, an angel investor may have the opportunity to invest a dozen startups with just over $100,000.  This provides some diversification in an otherwise risky investment area. As private-assets have taken a beating in the recession, angel investors can expect to be able to purchase larger shares of small businesses with less capital.

It should be noted that angel investing is not a “get rich quick” type of scheme, these investments may remain illiquid for 5-12 years–including various economic cycles.  It’s generally thought that the odds of long-term positive returns are best when a company starts up during a recovery period and gains traction before the next downturn in the market.

There is a chance for big returns as angel investor funds typically charge 1-2% and then an additional 10-20% of the company’s profits.  Being an angel investor is similar to being a venture capitalist with many of these small-scale ventures ending in a flop but the gains from the occasional big success make it worthwhile for the angels.  Unlike venture capitalists, angel investors provide seed money for the start up of the business and venture capitalists tend to fund the expansion and larger funding.

One benefit is that angel investors can usually exercise greater control over the business.  Actually, businesses sometimes seek out angel investors exactly for that expertise that angel investors provide as board members and advisers.  Often a good candidate to be an angel investor has a wealth of experience to offer in a specific area of investment.  According to Time:

“The perfect candidate is a retired, successful entrepreneur who can provide valuable counsel,” says Christopher Starr, managing director of Innovation Philadelphia, a regional economic-development group that finds financing for entrepreneurs. A perfect set of 10 angel investors throwing in $100,000 each to reach the $1 million mark that many start-ups want would include one or two attorneys, accountants, consultants, bankers and industry executives, along with some silent investors, Starr says.

The high potential for failure keeps angel investors from investing exclusively in one company.  A good precaution is to have a financial attorney knowledgable about private equity to write up the contracts.  The lawyer should express exactly your role on the board, your rights and what you expect the entrepreneur to do so as to avoid any confusion later.  One way to get involved in angel investing is to join an investor club that usually welcomes experienced investors, especially within a specific industry.

Angel Investor Group

April 25th, 2009

Angel Investor Group

Join the Angel Investor Group to Meet Investors and Entrepreneurs

The Angel Investor Group was founded as a resource for angel investors and entrepreneurs to come together and form professional partnerships.  While there are many online angel investors groups, the LinkedIn Angel Investor Group is exclusively for professionals and provides access to the professional’s career history and bio.  Investors and entrepreneurs can interact through the discussion forum and communicate on potential investing opportunities.  If you’d like to join the Ange Investors Group follow this link and apply for free membership.

Angel Investors in Asia

April 25th, 2009

Angel Investors in Asia

Guide to Angel Investors in Asia

Angel investment in Asia is a significant source of capital raising for businesses. Investments by private high net worth individuals represent a very high proportion of capital raising in Asia especially for early stage investment.

In many respects, it has been a traditional way of doing business in the region. For many centuries, Arab and Chinese traders were financed by wealthly merchants and guilds to take risks in establishing new trade routes and business across all of Asia and the Middle east. These networks of trade and finance were the foundation of business in Asia. Thesedays, it is a matter of very informal networking of friends, relatives and close associates that is a major source of small and medium scale investor funding.

Formal angel investment clubs of the style we see in Europe and the United States are not the norm in Asia. Angel investment clubs and associations are present in only a few countries in Asia. The networking side of business in much less formalised and this actually does create more of a challenge for entrepreneurs to raise capital in Asia. This is especially the case for new types of business which are appearing in Asia where the support network is less established. It is quite common to see entrepreneurs seeking funding travelling to Singapore from places such such as Vietnam, Thailand and from Bahrain, Pakistan and Saudi Arabia to Dubai to meet angel investors.

In Dubai, there is the Arab Business Angels Network (ABAN) which is to provide early stage seed funding for businesses to develop in the MiddleEast and North Africa. In Singapore, there is the Business Angels Network SouthEast Asia (BANSEA) Both are highly recommended for those entrepreneurs seeking to raise capital for early stage investments.

If you are seeking funding, then you need to ensure that you are prepared with your investor presentation. Angel investor associations in Asia have demanding criteria for entrepreneurs that require submission of business plans prior to having any opportunity to present in front of potential investors.

As always, professional advice is recommended and there are workshops provided to entrepreneurs in Singapore and Dubai to assist those if making a better investment presentation. If you are seeking to raise capital through angel investor associations then invest the time and resources to meet with angel investors is worth the effort, even if you may not obtain finance the process can certainly improve your business plan.

Angel Investors Real Estate

April 25th, 2009

Angel Investors Real Estate

Funding for Real Estate with Angel Investors

Angel investors are a possible source for financing a real estate deal and there are pros and cons for turning to angels:

Most real estate angel investors are simply joint venture partners. They want to come in and help a person with their financial needs right? Well, yes and no. You see, in most instances (and I say most because there are those that do not fall into the greed category), an angel investors is nothing more than a glorified joint venture partner. With these investors, they will want to monitor your business activities and in some cases, they want control or at the least consulted on major and minor decisions alike. They also will take a share in the profits. Again, in most cases we are not speaking about for a limited number of months or years, but for the entire life of the company!

As stated above, if you must go this route to get the funding you need, by all means, do so. If that is the case, get hooked up with someone that can facilitate a smooth transition and someone that can introduce you to a honest player. You are much better off though, not to use an angel investor. We are constantly assisting individuals that thought they needed an angel investor, only to be taken to sources such as ultra unique sba loans, unsecured lines of business credit and other private lending sources that are geared only to assisting real estate investors. This is a far cry from the traditional real estate angel investors.

To sum everything up, make sure you exhaust every avenue before deciding on giving up a percentage of your deal or business in general.

Source: Patrick Zanders is an author, expert financial consultant, real estate investor, managing partner of EZ Unsecured Credit.

Angel Investor Capital

April 25th, 2009

Angel Investor Capital

Video Tips on How To Obtain Angel Investor Capital

You can still obtain angel investor capital during a recession, it just requires you to be more diligent in seeking funding.  The following video gives some useful tips for getting angel investor capital in a bad economy.  Among the most useful tips is anticipating a skeptical investor.  Meaning that you should look at your business proposal from the standpoint of an investor who is trying to narrow down his prospects by looking for the negatives and risks rather than the potential.  This will help you be more realistic and to avoid driving off any investors.

Also, companies should highlight their money-making aspects that will be most attractive to the investor.  Set clear objectives and milestones for your company.  By following the strategies recommended in this video you should have a better idea of how to obtain angel investor capital.

Meet Angel Investors

April 25th, 2009

Meet Angel Investors

Tips for Meeting Angel Investors

Meeting angel investors is difficult but it is possible with some patience and by utilizing diverse networking strategies.  Here are some useful ways to meet investors:

  • Obviously if you’re on this website you know that the internet is a great tool for meeting investors and learning more about your area of investment.  The internet is especially helpful in meeting angel investors because there are a number of great angel investor networks online.  For a comprehensive list of angel investor networks please see this page.
  • Another way to meet angel investors is by attending an angel investor event.  Often you are guaranteed to meet angel investors if you pay a fee and then you can even make a presentation to potential angel investors.  This can be a great way to hone your elevator pitch skills and gain valuable feedback on your business proposal from angel investors.
  • Although some people do not think that paying for a listing is beneficial, it’s one option to get your name out there and connect with angel investors.
  • Reach out to potential intermediaries that could introduce you to a high-net-worth individual or a group of angel investors.  You could ask your friends, former colleagues, law or accounting firm and anyone who may be able to direct you to some investors.
  • You could refer to a broker to arrange for you to meet angel investors but there is the possibility that the broker won’t help you find any worthwhile investors and still charge you a hefty fee–so be careful.

These are some tips to meet angel investors.  Although you may strike lucky occasionally, I think these strategies are more likely to yield results than a mass e-mail or cold call.

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Additional tips from IQ

Angel Investor Questions

April 25th, 2009

Angel Investor Questions

Interview with John May Answers Angel Investor Questions

Shannon Henry of the Washington Post took the time to conduct a great interview with John May, the executive director of the Private Investors Network and co-manager of The Dinner Club and the eMedia Club.  The following is the transcript for the angel investor interview, which answers many questions that people may have about angel investors:

Angel Investor Questions

Shannon Henry: Hi, Welcome John! Could you start off by explaining what this kind of earthbound angel is? How’s an angel different from a venture capitalist and how long have people been using the term angel?

John May: The main difference between angels and mainstream VC’s is that the former are individuals, writing checks from their own accounts, and the later are institutionally raised funds run by professionals. Angel originally came from the broadway producers who backed speculative new plays and took the financial risk - some flopped some soared. Today angels are business investors into early stage private companies.


Shannon Henry: Why are there so many angels all of a sudden? It seems like they’re coming out of the woodwork. How long will this period last?

John May: The good news for entrepreneurs is that the 90’s have seen an explosion of new wealth being created in the public equity markets and internet generated wealth has meant that more individuals are willing to put a little of their net cash aside for riskier, but potentially more lucrative, venture investments. This increase - almost exponential over the last few years - in funds for this asset class should only increase in the near term as angels and VC’s get more comfortable with the New Economy.


Bethesda, MD: Typically, what percentage of a company do you look to hold onto when making an angel investment?

John May: The amount you have to give up to an angel is as varied as with professional VC’s. In fact, the forms of investment are more varied - debt, debt with royalty kickers, common stock, preferred stock, etc. - so the ways of sharing the upside of ventures can be more varied as well. In general the key is the perceived pre-money value of what the entrepreneur brings compared to the amount of risk equity capital that you are seeking. Remember, the investor may lose all - the entrepreneur gets to use the money in the growth attempt before the angel sees any kind of return.


Gaithersburg, MD: I often see references to that one must be an “active, accredited investor” to participate in some of the Angel investments groups. Would you please define this and explain how one becomes an “accredited investor”?

John May: The SEC definition of accredited is roughly $1.0 million of net investment liquidity, or $200,000 per year income - so the bar is pretty high. Having the self identified label of accredited helps to encourage future investors to play with you because you have a supposedly sophisticated background support network.


Shannon Henry: Who are some of the super-angels in the area?

John May: A super angel in my terminology is someone who is in his or her own right a venture capital fund. They do larger transactions, they have deeper pockets, they have staff support, and they play with the VC’s. We have a growing number of them in our region - many are banded together in the capital Investors Group, like Steve Case, Jim Kimsey and Mario Morino, and others have cashed out of Yuri, UUNet, and DIGEX so have the funds to become serious multi million dollar transaction “super angels”. Washington is fortunate to have a growing number of sophisticated, active super angels.


Gaithersburg, MD: We have just completed the sale of my company; I am too young to retire -although a vacation is in order-. I have a strong technology background although I have often found myself in marketing positions. I am intrigued by the concept of angel investing and the possibility helping some young companies grow.

Where is the best place for someone like myself to start and learn more about becoming an angel investor?

John May: Emerging angels have several ways to learn and syndicate. We have the mid atlantic venture association sponsored Private Investors Network to join - only accredited angels are members - which meets once a month. Active angels like yourself - don’t want to retire to the golf course and have a strong mentoring streak - can connect with university business school mentoring networks. You can also join a local angel investment club, like the Dinner Club or emedia club, or invest in a angel venture fund like Next Generation Fund. We look forward to your joining the ranks of active local angels.


Alexandria, Virginia: If you are interested in a venture capital firm due to their contacts in your industry, but the vc firm wants a first round of financing to come from an angel, will a vc firm put you in with a “friendly” or “approved” angel and then look to help the company along with the possibility of getting involved on a second round of financing? Or are you out there on your own?

John May: Usually, if they really want to track you, they can give you leads from their own limited partnership pool. Otherwise, they should refer you to Private Investors Network or to investment bankers, securities lawyers, or other intermediaries who have long rolldexes of clients. Remember to honor the referral when the time comes for future rounds of finance or hiring service providers - what goes around comes around. It is a small world here still.


North Potomac, MD: Let’s say that my 2 partners and I have a great idea, have done some research and are midway through business plan development. Is that the right time to pitch the idea to an angel? And if so, where do we find them?

Mike Freeman

John May: Yes - but there will be fewer takers than when you have a full business plan and full management team. The good news is that there are so many angels - compared to vc’c - that you can always find someone at any stage and type of business - just hard to find them easily. You will probably need an angel from your industry niche to deal with such an early play.


Washington, DC: What is the best course of action on finding an Angel Investor without the fear of giving up my intellectual property?

John May: peel the onion slowly - give an outline of the business, an executive summary - and meet with the prospect before giving the whole plan or proprietary info away. Each side of the investment table needs to get comfortable with the other - investors don’t want to sign confidentiality forms unless they really need to, and you should not disclose the essence of your “black box” before you have serious interest and you have checked out the prospect. Go slow.


Shannon Henry: Tell us a little about the angel dinner club model. How does it work? Who decides what to invest in? And what are the other benefits to these groups than the obvious one of making money?

John May: We have developed this new investment model in response to needs from both investors and entrepreneurs. The angels get to stay active and use their brains as well as their money. They interview companies, vote on whether to track them, and are led by the manager to research and a group vote to go or no go into the deal. They get community building as well as pieces of high upside private equity deals. The entrepreneurs get dozens of angels involved in their deal but only one check, one tax ID, one meeting. We have 60 in the www.thedinnerclub.com and 75 in the www.emediaclub.com and so far a lot of completed deals and active involvement.


Alexandria, Virginia: My husband and I have an idea for an internet company. We’ve budgeted for $1 million for the first year of operation. We have appox. $300,000 in personal cash assets. At what point should we seek angel funding? At the onset of development, or after revenues have started coming in?

John May: I believe that “every business needs an angel”. Whether you entice them with an advisory board seat, or let them make a seed investment in you, if you get a mentoring, active angel who wants your business to be a long term capital investment that yields some psychic reward, you will be better off than if you reinvent the wheel at each stage of your growth.


Newington , CT: When seeking investors, how can we best protect ourselves from having our business plans and concepts stolen out from under us?

John May: First, know who you are dealing with - via referrals or references. Second, only send enough information out to determine real interest in your project. third, only deal with investors who know your space or who have experience in your field - passive investments from those who don’t understand the risks and competitiveness in your field may come back to bite you later. and last, get non-compete, non-disclosure signed when you completely open the kimona.


Shannon Henry: What are the risks of angel investing? How are the risks different from those of an individual investor in a venture fund?

John May: Investors should only provide equity into early stage private with funds they can easily afford to lose. The rule of thumb is to allocate 5-10% into alternate assets - real estate, oil and gas, venture, once you have substantial assets to play with. VC investments provide no near term tax benefits, no dividends usually, so the high long term upside should offset the risk of total loss. A good angel investor is one who has had some losses and is sadder but wiser.


402 Maple Ave West: How would one contact an angel if one didn’t know any?

John May: Third party referrals, like service providers or venture trade associations, are good starting places for contacts. Remember angels like to be private and informal - there are no directories of angels - so contacting early stage venture funds, angel dinner clubs like ours, or the Private Investors Network or Grubstake Breakfast are good starting places. Part of the challenge for entrepreneurs is to show how good they are at solving hard problems - like finding the right angel.


Shannon Henry: How are other regions of the country linking up angels? What’s different about the Washington area compared with say, Silicon Valley or Boston?

John May: Structure angels are forming all around the country. I did a study for the Center for innovative Technology about the angel infrastructure and it is amazing how every state, and locality, is developing venture forums, fairs, angel networks and now clubs and funds. Silicon valley has been a little ahead for years - but usually at the high end. The average business angel has only recently received the attention they deserve through investor networks and new funds. I even spent a week in europe recently talking to angel groups forming in Holland and Switzerland - and they think the DC area is light years ahead of them!!


Shannon Henry: What do you mean by “psychic reward?” Sounds like something you don’t get from stock market investing.

John May: One of the best rewards of individual investing by an angel is the “warm and fuzzy” feeling they get from helping younger or newer entrepreneurs to navigate the tough world of leading your own company on a high growth path. You can’t put a price tag on the social or mental benefits.So don’t think the average angel gives up some financial expectation because they get other dividends - the best ones get both, as opposed to being a passive investor in a fund managed by someone else.


DC: When a company gets angel or VC investment, is that considered corporate income for tax purposes?

John May: No equity investments are not counted as taxable income when received - they go on the balance sheet not on the income statement that year.


Alexandria, Virginia: If you are in the early stages of obtaining financing and several angels and vc firms are looking at your business plan, should you wait to get a response from these entities before sending the plan around to additional angels and vc firms? If so, how long should you wait? At what level do you cut off the distribution of your plan?

John May: There is a thin line between shopping your plan too much and having the finance world think you are non-discriminating and desperate and not circulating your plan to enough sources. Remember, most plans take months to fund and evolve dozens of contacts to find just the right mix of money, talent, valuation, and timing.


Shannon Henry: What are the benefits to bringing angels together to invest?

John May: Increased intelligence and experience, deeper pockets, and good old fashion wisdom. Syndicating a deal is usual for the professional money managers - grouping brainpower and resources of individual investors also makes sense. It is important for the entrepreneur to know if a group of angels is established and experienced as a unit - is this their first deal? their only deal? Is the group a “pledge fund” and you don’t know if any or all of the group will really poney up, or is it a pool of capital - like our clubs or a fund - that you know has money in the bank to follow up their term sheet. Structured angel groups is the wave of the future, here and throughout the US.


DC: Is there a preferred entity for angel investors? For example, right now we are operating as a sole propietorship but will be incorporating soon. Should we go C-sorp, S.Corp, etc. or does it matter to an angel?

Thanks.

John May: At a minimum your outside investors will need a corporate organization, whether S, C corp or LLC. If further rounds of finance are likely, eventually a C corp may be required. But early on you can raise funds and operate as a LLC with a good operating agreement - just be aware that shares, stock agreements, stock options, and the like will demand a normal Delaware stock corp as you grow.


Alexandria, Virginia: How do I go about finding an angel investor? Are there round tables in the area where angels and new business ventures can meet?

John May:
Try the Baltimore Washington Venture Group, the High Tech councils in the area events, the Netpreneur program of the Morino Institute, the Private Investors network, and the newly organized MIt-PIN problem solving sessions that began last week. Lots more is in the wings - incubators, accelerators, clubs - so you are in the right environment at the right time.


Baltimore, MD: From media accounts and this discussion, I have the impression that angels are only interested in tech startups. Is that the case, or do they invest in more “old-line” industries as well?

John May: The good news is that angels are of all types and are more likely to be interested in any form of high growth business - the business must be ”
investible” that is has room for the investor to grow value as well as owner to have good lifestyle. Angels look at all types of deals - IT is hot now but not the only arena.


Shannon Henry: On a personal note, how did you get to be the go-to person in Washington on all things angel? Not something you study in college, I’d guess.

John May: I guess I have always enjoyed early stage private investing - which has fewer institutional players and more room for “principal to principal” deals.I have run early stage venture funds, like Calvert Social Venture Fund, and helped angel networks like PIN get started. In my expanded role in joining Art Bushkin to form Stargazer Group, a venture catalyst, I will be expanding the establishment of angel clubs, “give back funds” and funds of funds to continue to service the expanding pool of active angels in the region. It is consulting, economic development, personal investing and “psychic reward” all rolled into one!


Shannon Henry: How involved does an angel usually get in the company? Joining boards, advising, etc.

John May: Expect advisory role - whether formal board or informal kitchen cabinet - to be a minimum. Sometimes, angels roll up their sleeves and take a part time officer role - sometimes they do a lot of email or phone assistance. Finding new money, advisory firms, searching for key hires - these are the services that active angels bring.


Silver Spring, MD: What is the best way to submit proposals to groups like yours? Intro letter, e-mail, attend a meeting…

John May: email is a great, non intrusive first step - always keep initial packages small and to the point - then peel the onion as a fit appears and interest is sparked. Don’t overload the first time.


Herndon, VA: I founded an e-commerce site which we recently just launched. Revenues are there but small. At this stage, what do investors look for in a company? Are we selling the concept and vision? The site is for a relatively unexplored niche so there’s not a lot of data…other than what we can extrapolate from our own research.

What is the best way to proceed?

John May: management, management management is key. They hold the vision and the energy to wind through the ups and downs. The market has to be there - or the hint of a big opportunity to entice risk capital that has so many options today. Look for an investor with realistic expectations!


Shannon Henry: At what stage do most high net worth individuals get interested in angel investing? Is it usually about the same time they get involved in philanthropy?

John May: As we wind down today, it is good to know that as individual investors feel comfortable with their net worth, so they can risk some capital on early stage deals, they do start to come out of the woodwork. The more time or investment capital they have the easier it is to get them hooked on mentoring and joining their fellow investors. They should definitely separate their philanthropy side and their venture side - or at least have clear goals for return on their spending - and many are establishing foundations as they establish pools of venture capital. Both are good for our community - stay tuned for advances in progressive philanthropy in our community in the coming year!


Shannon Henry: Thanks to John and all our angel-curious readers for a great discussion. Bye!

Source

Angel Investor

April 25th, 2009

Angel Investor

Great Tips Any Angel Investor Can Use

The AngelConf this year provided some great insights to angel investors.  A great group of successful angel investors were the speakers at the conference and they imparted knowledge on other angel investors.  Venture Blog shares the best of the advice that any angel investor would benefit from following:

  • [My personal favorite]It’s a small community — if you screw one entrepreneur, you’ll be out of the angel business because entrepreneurs talk (Conway)
  • Angel investing is about learning on the job, which means that you can plan on screwing up your first 10 deals at least (McClure)
  • If you assume that the money is gone once you’ve invested it — that it is like a lottery ticket — then you will have a better time angel investing (Buchheit)
  • Work with other angel investors so that you can get the advantage of their expertise (Zurich)
  • There is no rational way to arrive at valuation, so don’t be overly concerned about getting it right (Graham)
  • Don’t worry if the idea seems crazy — if it didn’t seem crazy, it would be too late to invest as an angel (Graham)
  • The lifeblood of angel investors is deal flow — you need huge deal flow to find enough stuff that is worth investing in (Ravikant)
  • The best deals come from other angels (Ravikant)
  • Don’t be afraid to throw a little dynamite into the status quo and see what comes out of it — often times interesting stuff emerges (and sometimes nothing does) (Dearing)
  • The Rule of 12 — you need to invest in 12 companies to have statistical diversity — invest in fewer than 12 deals and you run the risk of them all failing (Maples)
  • Like in the movie “Oceans 11,” you want to pull together the best team of angel specialists there are out there — it increases the likelihood that the company will succeed (Maples)
  • Help bring your entrepreneurs together so that they can learn from one another (Poler)
  • * By being a connector, you will see the most interesting stuff and work with the most interesting people (Senkut)
  • Angel investing is all about the syndicate — you can lead if you want to but it can be lonely until others join in the syndicate (Clavier)
  • Angel investors need to distinguish themselves from others with money — what do you bring to the table? Contacts. Experience. Advice. (Young)
  • Only invest in stuff you actually know something about — otherwise you’re just buying a lottery ticket (Young)

Source

Private Angel Investors

April 25th, 2009

Private Angel Investors

Facts about Private Angel Investors

Some interesting facts about private angel investors from Business Finance:

  • Of the companies screened and formally invited by angel groups to present their business plans, up to one-third receive funding.
  • Conservative estimates put the magnitude of angel investments at approximately $20 billion per year
  • On average, angel investor groups tend to include 85 members who look for a 35% return on their investment.
  • Angels fund thirty to forty times as many entrepreneurial companies as the entire venture capital industry

Entrepreneur Risk

April 25th, 2009

Entrepreneur Risks

Angel Investors that Entrepreneurs Should be Wary Of

Angel investors can help grow your business and while they are often beneficial there are some types of angel investors to look out for.  These angel investors will often to do more harm than good for your business.

Angel Investors To Avoid:

Control Freak Angel Investor:  This angel investor is a great source of capital but the moment your business hits a pothole, the investor is ready to start controlling your business.  The control freak angel investor usually relies on special clauses in the contract that give him more power if you fail to perform a duty.  This is how a control freak attempts to take over your business and run it as his own, thus creating a tension between his tendency to interfere with the entrepreneur’s creative control.

Micro-Manager Angel Investor: On the surface, this looks like the ideal investor; he wants to lend you the capital to grow your business and he offers his expertise, for free.  However, after a while it becomes apparent that this investor tries to involve himself in every aspect of your business.  The angel investor will either annoy you by trying to offer help in the simplest tasks or he will be so worried over his investment that he checks on every single operation.  While some micro-managing angel investors will simply exit the investment, it’s not always the case.  Some become litigious investors.

The Litigious Investor: The litigious investor knows you lack the funds to fight a lengthy court case so they will look for any opportunity to take you to court.  Rather than helping your business succeed, this type of angel investor tries to squeeze money out of you through threats, intimidation and legal action.  The litigious angel investor looks for the slightest error–failing to send him stock certificates, failing to keep him informed in a timely manner, etc.  Some entrepreneurs certainly should be taken to court but there are some angel investors that exploit this means for their own gains.

The Street has some tips for avoiding these nightmare angel investors:

  • Whenever possible, only accept investments from credible, professional investing organizations — not private individuals.
  • If you are a raw start-up and have no choice but to accept investments from private “angel” investors, do the following: Ask what other companies they’ve invested in and talk to the CEOs of those companies to find out what kind of investor they’ve been. Also, make sure your lawyer writes the investment document — not your investor. This document should be standard for all your investors and not negotiated on a one-on-one basis. Watch out for any attempts to add clauses that can come back to bite you. And don’t eat any soup that tastes funny.
  • Whenever possible, hire an investment banker to prepare a proper Private Placement Memorandum that’s consistent with National Association of Securities Dealers requirements. We generally refer to PPMs as “anti-investment” documents because they warn the investor about everything that could potentially go wrong, minimizing any basis for a lawsuit.
  • Divide your investors into two categories: pure investors and those you feel may bring additional value. For those in the first category, don’t encourage or allow them to “get actively involved” in the company. Be polite but firm in telling them you’ll keep them informed of your progress through written means only. If you want more active involvement, you’ll ask them to formally join an advisory board or the board of directors. However, if you do so, there will be strict, written guidelines as to what is expected.

Angel Investor Forum

March 25th, 2009

Angel Investor Forum

The Angel Investors Group Discussion Forum Provides a Networking Resource

The Angel Investor Group is an expanding group founded as a resource for angel investors and entrepreneurs to come together and form professional partnerships. The Angel Investors Group’s most popular function is its discussion forum where investors and entrepreneurs can exchange opportunities and share expertise.

The Angel Investors Group forum is free and provides one more potential opportunity to meet investors and for angel investors to get in touch with professionals looking for funding for their ideas.  You can post your own discussion topic or comment on others.  If you’d like to join the Angel Investors Group and participate in the forum  follow this link and apply for membership.

Angel Health Care

March 24th, 2009

Angel Health Care

Angel Investors in Medicine and Health Care

As with any investor, it can be expected that an angel investor would only put his money into a business that would provide the least risk on his investment. This is reflected in the investment decisions that such an investor would make, especially in the types of products or services that a business provides. Usually, angel investors invest in businesses that have the potential for long-term profitability. In recent years, the preference of angel investors has been in medical devices and medical related services, including medical billing services.

As a result, entrepreneurs who opt to go into businesses that make medical devices and provide medical related services have found it a little bit easier to get the interest of angel investors. However, this does not mean that anyone who decides to go into these kinds of businesses would get an angel investor to invest just like that, as there are things that entrepreneurs need to do first before they can sign a deal with an angel investor.

What angel investors look for:

Apart from a presenting a potentially profitable product or service, businessmen need to prepare a number of things and equip themselves with a number of skills that would increase their chances of landing a deal with an angel investor. Among these skills, one of the most important is competent management skills. In addition to this, an entrepreneur needs a good business plan, which identifies the size of the market, the competitive advantage of his business, and financial forecasts.

On the other hand, there are also a number of things that entrepreneurs should avoid when they are presenting their business concept to an angel investor. Some of these include and having unrealistic valuations for the purpose of making his business more attractive. This is because angel investors are very astute businessmen, and they can tell if you are trying to fool them. If they catch you doing it, you can kiss their investment goodbye.

Recently, angel investors have become very interested in the medical field, which has made it easier for entrepreneurs who are in the field to gain access to capital. However, even if an entrepreneur is in the right type of business, there are still a number of things that an entrepreneur needs to prepare and skills that he has to learn before he can land an investment deal with an angel investor.

Source: Angel Investors provides detailed information on Angel Investors, Find Angel Investors, Angel Investor Networks, Angel Investor Groups and more.

Boston Angel Investors

March 15th, 2009

Boston Angel Investors

Finding Angel Investors in Boston

Boston and Northeast Angel Investor Networks

  • Common Angels: Limited to Boston area companies, this large angel network favors early-stage software companies.
  • Maine Angels: This angel network is ideal for companies hoping to raise from $50,000 to $250,000. Although the Maine Angels tend to invest in local companies they are open to other locations.
  • Silicon Garden Angel Investors Network: Invests in East Coast companies with a somewhat smaller than most networks’ average investment ranging from $20,000 to $250,000.
  • Tech Valley Angel Network: This angel investor group invests in early-stage businesses in northeastern New York and New England.

Angel Investing Video- Part 3

October 3rd, 2008

Angel Investing

Angel Investing Video- Part 3

Here is the last angel investing video in the series–if you missed them here is part 1 and part 2. This angel investing video is a bit longer (30 mins) and the panel of angel investors share practical tips for startup companies seeking angel capital. In my opinion, this video is the most important and honest discussion of how to meet and obtain capital from angel investors. The panel gives some great tips on how to separate your proposal from others and what mistakes that many startup companies make.

Author: admin Categories: Uncategorized Tags:

Finding Angel Investors

September 29th, 2008

Finding Angel Investors

Five Tips for Finding Angel Investors

I was just talking with an entrepreneur frustrated that he cannot find angel investors, I offered him these suggestions for getting an angel investor to provide you with capital:

  1. You never know when you will have the opportunity to meet an angel investor so have a well-prepared, concise elevator pitch.
  2. Reach out to angel investors networks, you may be able to connect with an interested contact.
  3. Look for angel investors conferences where entrepreneurs are allowed to propose their idea to interested angel investors, for a fee.
  4. Have a thorough, professional business proposal.
  5. Network with high net worth individuals and investors through linkedin.com or similar networking sites.

This should get you on your way to meeting some angel investors, but it is difficult so be prepared for a difficult process.  Good luck!

Pitching Angel Investors

September 25th, 2008

Pitching Angel Investors

Tips on Pitching to Angel Investors

The initial presentation of your startup company to venture capitalists or angel investors is a crucial aspect in successfully expanding. The Instigator Blog offers 5 quick tips on pitching venture capitalists and angel investors:

  1. Briefly Tell Your Story: You will quickly lose your audience’s attention if you are not entertaining or if you drone on for too long. Share your story in an entertaining way about how your company formed and why you need the investors’ money.
  2. Change the Pace Throughout: Speed up during the overview and less detailed parts of your presentation but slow down for the more complex and important areas. This allows you to captivate your audience while still delivering the details.
  3. Have Stylish Slides: Image isn’t everything, but it is something. Having “sexy” visuals will help keep your audience’s attention, so adding some style to your slides can go a long way for your presentation.
  4. Don’t Over Emphasize Your Product: Investors are interested in you and your company primarily, so don’t dull your investors by listing all the benefits of your product.
  5. Finish Strong: Although many save all those little details and projections for the end, it is better to end with a memorable finish that leaves your audience excited about your and your company.
Author: admin Categories: Uncategorized Tags:

Angel Investors

September 21st, 2008

Angel Investors

Angel Investors Definition

If you are wondering, what is an angel investor?  Then here is a short definition of what an angel investor is and what characteristics generally define angel investors:

An angel investor is a wealthy individual who provides capital to an expanding small business. An angel investor typically invests his own private money, unlike collective venture capital funds. The angel invests in the startup process and has a personal stake in the company’s success.

Similar to venture capital investments, angel investors are vulnerable to a high risk of failure, but if the company is successful the possible returns are equally high. Startup businesses often fail, costing angel investors large sums of money. Angel investors compensate for this by demanding a high percentage of any success. Angel investors are an important way for small businesses to gather the capital necessary for major expansion.

Angel Investing Video

September 14th, 2008

Angel Investing
Angel Investing Video- Part 2

Here is the second part of the video on angel investing.  If you missed the first part here is the link.  The professional panel discusses trends and ideas for attracting angel investors to your business.


Online Videos by Veoh.com

ZINO Society Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for ZINO Society.

At this time we are still constructing this profile for ZINO Society. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Yorkshire Association of Business Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Yorkshire Association of Business Angels.

At this time we are still constructing this profile for Yorkshire Association of Business Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Yorkshire Association of Business Angels, Yorkshire Association of Business Angels angel investors, Yorkshire Association of Business Angels contact, Yorkshire Association of Business Angels email, Yorkshire Association of Business Angels phone

York Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for York Angels.

At this time we are still constructing this profile for York Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Yes Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Yes Angels.

At this time we are still constructing this profile for Yes Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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XMP Business Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for XMP Business Angels.

At this time we are still constructing this profile for XMP Business Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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XG Ventures Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for XG Ventures.

At this time we are still constructing this profile for XG Ventures. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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XG Bay Area Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for XG Bay Area.

At this time we are still constructing this profile for XG Bay Area. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Xénos Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Xénos.

At this time we are still constructing this profile for Xénos. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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XEDA Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for XEDA.

At this time we are still constructing this profile for XEDA. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Xcelerate Limited Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Xcelerate Limited.

At this time we are still constructing this profile for Xcelerate Limited. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wyoming Angels Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wyoming Angels Network .

At this time we are still constructing this profile for Wyoming Angels Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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WomenAngels Dot Net Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for WomenAngels dot net.

At this time we are still constructing this profile for WomenAngels dot net. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Women’s Capital Connection Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Women’s Capital Connection.

At this time we are still constructing this profile for Women’s Capital Connection. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wisconsin Angel Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wisconsin Angel Network.

At this time we are still constructing this profile for Wisconsin Angel Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Winter Park Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Winter Park Angels.

At this time we are still constructing this profile for Winter Park Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Winnipeg Angel Organization Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Winnipeg Angel Organization.

At this time we are still constructing this profile for Winnipeg Angel Organization. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Winners Investors Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Winners Investors Network.

At this time we are still constructing this profile for Winners Investors Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wilmington Investor Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wilmington Investor Network.

At this time we are still constructing this profile for Wilmington Investor Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Willamette Valley Angel Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Willamette Valley Angel Network.

At this time we are still constructing this profile for Willamette Valley Angel Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wedgwood Circle Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wedgwood Circle.

At this time we are still constructing this profile for Wedgwood Circle. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wed 3 Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wed 3.

At this time we are still constructing this profile for Wed 3. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Wayne Brown Institute Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Wayne Brown Institute.

At this time we are still constructing this profile for Wayne Brown Institute. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Washington Technology Center Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Washington Technology Center.

At this time we are still constructing this profile for Washington Technology Center. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Walnut Venture Associates Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Walnut Venture Associates.

At this time we are still constructing this profile for Walnut Venture Associates. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Waco Angel Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Waco Angel Network.

At this time we are still constructing this profile for Waco Angel Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Vivarais Entrepreneurs Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Vivarais entrepreneurs.

At this time we are still constructing this profile for Vivarais entrepreneurs. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Vivarais entrepreneurs, Vivarais entrepreneurs contact, Vivarais entrepreneurs email, Vivarais entrepreneurs phone, Vivarais entrepreneurs angel investors

Virginia Active Angel Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Virginia Active Angel Network.

At this time we are still constructing this profile for Virginia Active Angel Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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VikingAngels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for VikingAngels.

At this time we are still constructing this profile for VikingAngels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Vermont Investors Forum Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Vermont Investors Forum.

At this time we are still constructing this profile for Vermont Investors Forum. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Vermont Investors Forum, Vermont Investors Forum angel investors, Vermont Investors Forum contact, Vermont Investors Forum email, Vermont Investors Forum phone

Veraventure Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Veraventure.

At this time we are still constructing this profile for Veraventure. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Venture Forum Neckar e.V Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Venture Forum Neckar e.V.

At this time we are still constructing this profile for Venture Forum Neckar e.V. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Vegas Valley Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Vegas Valley Angels.

At this time we are still constructing this profile for Vegas Valley Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Vantec Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Vantec Angels.

At this time we are still constructing this profile for Vantec Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Vancouver Enterprise Forum Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Vancouver Enterprise Forum.

At this time we are still constructing this profile for Vancouver Enterprise Forum . If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Vancouver Enterprise Forum, Vancouver Enterprise Forum investors, Vancouver Enterprise Forum contact, Vancouver Enterprise Forum email, phone, Vancouver Enterprise Forum angels

Valley Angels Investment Group Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Valley Angels Investment Group.

At this time we are still constructing this profile for Valley Angels Investment Group. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Valley Angel Investment Fund Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Valley Angel Investment Fund.

At this time we are still constructing this profile for Valley Angel Investment Fund. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Val de France Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Val de France Angels.

At this time we are still constructing this profile for Val de France Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Val d’Oise Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Val d’Oise Angels.

At this time we are still constructing this profile for Val d’Oise Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Val d’Oise Angels, Val d’Oise Angels investors, Val d’Oise Angels contact, Val d’Oise Angels email, Val d’Oise Angels phone

Utah Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Utah Angels.

At this time we are still constructing this profile for Utah Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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US Angel Investors Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for US Angel Investors.

At this time we are still constructing this profile for US Angel Investors. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: US Angel Investors, US Angel Investors contact, US Angel Investors United States, US Angel Investors investing

UpStream Ventures Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for UpStream Ventures.

At this time we are still constructing this profile for UpStream Ventures. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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University of Warwick Science Park Limited (Minerva Business Angel Network) Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for University of Warwick Science Park Limited (Minerva Business Angel Network).

At this time we are still constructing this profile for University of Warwick Science Park Limited (Minerva Business Angel Network). If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: University of Warwick Science Park Limited (Minerva Business Angel Network), University of Warwick Science Park Limited (Minerva Business Angel Network) investors, University of Warwick Science Park Limited (Minerva Business Angel Network) email, University of Warwick Science Park Limited (Minerva Business Angel Network) phone

UNIBAN Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for UNIBAN.

At this time we are still constructing this profile for UNIBAN. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Two Rivers Angel Investment Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Two Rivers Angel Investment Network.

At this time we are still constructing this profile for Two Rivers Angel Investment Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Twin Cities Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Twin Cities Angels.

At this time we are still constructing this profile for Twin Cities Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Turkish Business Angels Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Turkish Business Angels Network.

At this time we are still constructing this profile for Turkish Business Angels Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Turkish Business Angels Network, Turkish Business Angels Network angel investors, Turkish Business Angels Network contact, Turkish Business Angels Network email, Turkish Business Angels Network phone

Tri-State Private Investors Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Tri-State Private Investors Network.

At this time we are still constructing this profile for Tri-State Private Investors Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Tri-State Investment Group Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Tri-State Investment Group.

At this time we are still constructing this profile for Tri-State Investment Group. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

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Tri-Cities Regional Angel Investor Network Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Tri-Cities Regional Angel Investor Network.

At this time we are still constructing this profile for Tri-Cities Regional Angel Investor Network. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Tri-Cities Regional Angel Investor Network, Tri-Cities Regional Angel Investor Network investors, Tri-Cities Regional Angel Investor Network contact, Tri-Cities Regional Angel Investor Network email

Tribe of Angels Angel Investor Firm Profile

August 17th, 2008

Below please find the Angel Investor Profile for Tribe of Angels.

At this time we are still constructing this profile for Tribe of Angels. If you would like contact details for this angel investor firm or other angel investors please see our Angel Investor Directory

Tags: Tribe of Angels, Tribe of Angels contact, Tribe of Angels email, Tribe of Angels phone, Tribe of Angels angel investors, Tribe of Angels phone