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2011 Halo Report :: US Angel Group Activity
At the Angel Capital Association (ACA) Summit in Austin in March, the Angel Resource Institute reported on angel group activity in 2001 in the first annual Halo Report. I found some of the results...
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A Visit With the European Startup Community
My wife, Ann, and I took a trip this past spring to visit Estonia, Finland, Ireland and Russia. The goal was to share our experiences in the realm of angel investing with an array of global audiences,...
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The Road to Crowdfunding Hell
The lack of rational analysis about equity crowdfunding is remarkable to me. Sure, it sounds like an easy source of startup capital that should lead to happy entrepreneurs, delighted investors and job...
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Sideways Startups: An Investor’s Dilemma
Editor’s Note: For a great tip on unloading private stock, read this post about how you can donate it.d One-half of angel-funded companies fail, which is why a winning Investment Strategy for Angels...
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2012 Valuation Survey of Angel Groups
This summer I conducted our third annual survey of the pre-money valuation of pre-revenue companies recently funded by angel groups in North America. Access to our 2010 and 2011 surveys can be found...
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Raising Your Hand as Due Diligence Lead for Angel Groups
Through Rob Wiltbank’s ground-breaking study in 2007, angels in groups learned that collective due diligence on new deals really pays off. The 538 angels included in this study enjoyed 2.6X returns...
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Due Diligence Is A Two-Way Street
Investors regularly confuse entrepreneurs with their various approaches to validating deals prior to investment (a process called “due diligence”). A few seed stage investors (angels, super angels or...
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Convertible Debt is Bad For Angels
A couple of years ago, Paul Graham (Y Combinator) tweeted “Convertible notes have won. Every investment so far in this YC batch (and there have been a lot) has been done on a convertible note.” The...
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US Angel Groups vs. European Business Angel Networks (BANs)
There seems to be a subtle but significant operational difference between many European BANs and US angel networks. This is an attempt to describe those differences. In general, BANs seem to have two...
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Angel Group Syndication of Series A Rounds
US angel investors have been a robust source of seed stage capital for years. More recently, we have experienced significant growth in the number of funded seed stage deals, due to the emergence of...
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