All about entrepreneurs
First, remember the “outcome” you seek. This is usually a meeting, so only pitch enough detail to get interest to have that meeting! Don’t over do it, keep it simple, and ask for the meeting (or other outcome you need)
I was watching Michael Arrington interviewing Ron Conway and Paul Graham and this is what I learned and also my own view after several startups of my own and those of friends. So Ron’s very simple data from 500+ startups on success and failure was: Ron Conway data shows a fail rate of 40% 2002-2010.…
Today I did a Videocast with StartupSchool, it was a one hour session with on how to raise angel funding. We had a lively discussion about many of the core things Startups need to know about Angel Investors and how to raise the funds. We covered a bunch of topics like those below: – How…
I often get asked about how to raise Angel money and where to start. Well I have written a lot about this in the blog but personally I like learning from AV media more than blog posts so I tracked down this great session between my friends Tina and Mike (and Ron Conway). This video…
This is an excellent resource for those looking for Angel Capital in the Bay Area, it lists the key groups and some useful metrics. My advice is to hit the best ones for your idea, I am a member of the Band Of Angels for example and this group is very technology focused so no…
Paul Graham does it again, this guy is showing us the way, in his latest effort to help startups he has released some excellent documents to help with reducing legals for angel funding. These are strictly for US companies but will surely save a chunk of the $20-30K startups have to fork out for simple…
Brad Feld’s blog post had a most useful note for those seeking Pre-VC funding: What’s The Best Structure For A Pre-VC Investment? I received the following question earlier this week. It’s conveniently timed, as I recently participated in two angel investments – each with one of the structures defined below. What’s the best/preferred structure of…
YES! That’s six minutes and no slides. You will have to learn the skills of a stand-up comedian to do this one and make it work i.e. you need to sell simple ideas that make the audience’s imagination jump into action. This is a great exercise – if challenging at first – the reason is…
Entrepreneurs and investors, both venture capitalists and angel (private) investors sometimes have very different perspectives. Are you looking for the same things in the right places? This is an interesting survey by Dee Power in the US and it highlights how Entrepreneurs can make assumptions that can slow them down in finding financing and waste…
In my work with mentees at the London Business School, and in mistakes I have seen again and again from those presenting their early stage businesses, one thing stands out: the presentations almost always miss the point. They often leave investors scratching their heads as they focus on the wrong things and this means they…
I wanted to relate my experiences with Angel investors, I know over 100 of them. In my dealings with them I have noticed one very key factor in raising funds – you have to handle most of them with ‘kid gloves’ and close the investment very fast or you have little chance of getting any…
Ed Harley, Chair Emeritus of the Keiretsu Forum Software Committee, has written what I would class as one of the best in-depth articles on how to present to Angel investors. It covers in minute detail what investors want from you and your pitch and it tells you what they are thinking, how they read between…
How to get the money you need from the right people at the right time. Part One: How to find angels, what they want, inside knowledge on persuading them, how to agree a valuation, what to avoid and tax benefits to entice them in. How to find angels: Today finding a group of Angels near…
Part Two: Choosing the right angels, the pitfalls of poor choices, setting expectations and controls Taking other peoples money: for many entrepreneurs taking funding is akin to doing a deal with the devil. The motivation for many of us is freedom and when you take money from an investor you essentially become an employee of…
What are Business Angels? Business Angels are high net worth individuals who invest on their own, or as part of a syndicate, in high growth businesses. In addition to money, business angels often make their own skills, experience and contacts available to the company. Business Angels rarely have a connection with the company before they…