Berkus & Huston, Comparing Funds

Posted December 19, 2013 By Frank
Dave Berkus and John Huston

Dave Berkus and John Huston

Two great guests and both are running angel funds.

Dave Berkus heads up the Tech Coast Angels‘ ACE Funds and John Huston, the Ohio TechAngels‘ funds. One has state support, the other has none, but they have more in common than you might think – John provided Dave with the fund documents that the ACE Fund would eventually be based on. More tidbits, the two angel groups vie for largest in the nation with both having over 300 members.

What’s the forecast for the New Year? Will the booming public markets continue to buoy angel confidence? Dave and John each share their perspectives on the short-term future.


Show #435 Stream, flash player or iTunes



Mirabile and Verrill, Hand-Carried Deals

Posted December 10, 2013 By Frank
Christopher Mirabile and David Verrill

Christopher Mirabile and David Verrill

I’m not titling this episode “Headless Chickens” even though it’s one of the many great one-liners in today’s discussion.

I’m joined by Boston angel group managers and ACA board members, Christopher Mirabile of Launchpad and Davide Verrill of Hub Angels.

We’ve jumped on the phone on short notice to kick around some of the same talking points raised by Ty Danco in last week’s episode — so start there if you’re just tuning in.


Show #434 Stream, flash player or iTunes



Ty Danco, Throwing in the Towel

Posted December 2, 2013 By Frank

Ty Danco

Ty Danco

Feeling increasingly passive?

I certainly am and so is my guest. He’s based in Burlington, VT and works many Boston-area startup deals. He’s been an active early-stage investor for almost 5 years. Ty Danco returns to the Show with insights into his new way of investing.

Google Ventures funded his own startup company, so that takes time away from traditional angel investing. Who’s got time for a due diligence committee when you’ve got your own business to run?

And so he’s become more passive, but still very interested. He had a nice exit in the past year and now he’s playing with house money.

The nature of this exit caused him to rethink his whole strategy, just as AngelList Syndicates are coming onto the scene. I eagerly read his blog posts and knew you’d want to hear from him directly.

Ty shares details of his transformation from a traditional angel investor to a syndicate participant.

As you listen, you may want to rethink your approach…


Show #433 Stream, flash player or iTunes



Banff Wrap Up

Posted November 27, 2013 By Frank

Angel Group Therapy led by Bill Payne

“Angel Group Therapy” led by Bill Payne and Thealzel Lee


Bob Chaworth-Musters

Bob Chaworth-Musters

It’s the final day of the NACO Summit in Banff. I might say it’s the best conference of its kind I’ve ever attended — besides great content and speakers, the natural beauty of Banff is looming in every window and it’s so frightfully cold that we’re practically stuck indoors, together, having a great time. Can’t wait til next year!

On this show you’ll hear from:

Thomas S. Caldwell

Thomas S. Caldwell

Show #432 Stream, flash player or iTunes



Day 2 in Banff

Posted November 21, 2013 By Frank

Rob Wiltbank

Lots of great panels this morning at the NACO Summit in Banff.

Thomas F. Hellman

The Gartner Hype Cycle

NACO Co-Chair Michelle Scarborough

John May leads the Angel Investing Models panel

My panelist, Peter Kemball

ACA Chair, David Verrill


Banff NACO Summit

Posted November 20, 2013 By Frank

View from Sulphur Mountain

It’s cold outside, but the skies are breathtakingly clear, so the gondola ride to the top of Sulphur Mountain was a memorable experience this morning. It’s a team-building exercise, something for the 16 of us to do as we get to know each other the day before the Summit.

It’s only a 5-minute walk to the gondola

And any longer would’ve made the hike quite painful. Morning temperatures were -7ºF with the promise of colder temps at the top of the mountain.

We survived. And like team-building exercises everywhere, we’ve bonded during the process. I can imagine, over the next few days several people will ask, “How was the gondola ride?” And maybe that’s the whole point.

I’m not leaving the hotel again until it’s time to depart for the airport – that walk in the snow does it for me.

It’s too cold to be outside for more than just a few minites

20131120-142841.jpgBanff from above