Riding the Metro
Out for an authentic Russian dinner: Francisco Banha, Luis Filipe Costa, Jordan Green, me, Kaushal Chokshi and Paulo Andrez
Francisco Banha
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Angel Investing Archive
Jordan Green, Francisco Banha and Paulo Andrez after dinner in Moscow
A few of us have arrived early.
I had dinner with Tom Nastas, an expat who’s been doing venture capital in the region. He asked many good questions then later suggested that the early stage of angel investing locally would benefit from some of these concepts:
- The long term nature of tech investing due to poor liquidity. For example, my software company took 15 years to exit and many other worthy deals will take just as long.
- Be prudent. Invest just a sliver of your net worth, say 10%
- If you just invest in a handful of tech deals, you will lose all your money. Monte Carlo simulations have shown that it takes 25 deals to avoid losing money. How many years will that take you?
- VCs think: 2-6-2 (2 will fail, 6 tread water and 2 are big successes), but for angels 57% of their deals will fail
- Don’t ‘only invest in what you know’
- What can you contribute besides money?
- Be promiscuous. Hold your nose and write a check.
- Easy on the due diligence
- My new diversification perspective: deals that need VC vs. those that don’t
Thomas Nastas
A Code of Conduct for Angel Investors
By Frank | Filed in Angel Investing
Does your angel group have a code of conduct?
AAAI’s Jordan Green spells it all out in his recently released Angel Terminology guide.
Go to School on the JOBS Act with Dan Rosen
By Frank | Filed in Angel Investing, Annual Summit, EBAN, Interview/podcast
Dan Rosen
Who would you call for help?
I knew right away: Dan Rosen of the Alliance of Angels in Seattle. He runs the Public Policy Committee for the ACA.
Why did I need help?
As you know, I’m on my way to Moscow for the 12th Annual EBAN Congress — I’ll be Master of Ceremonies for their Awards Dinner. Then a surprise email from EBAN’s Chiara de Caro: would I moderate a panel discussion on Crowdfunding? It didn’t take long for me to say yes. Of course, the US is leading in Crowdfunding with the new JOBS Act.
Listen in as Dan gives me a 20 minute Ph.D in Crowdfunding.
Join me and Dan at the NW Regional Angel Summit in Seattle, May 1-2.
And register for the free webinar: Understanding the JOBS Act, 1pm EDT Friday May 4th.
Show #373 Stream, flash player or iTunes
Christopher Mirabile, Boston’s Launchpad
By Frank | Filed in Angel Investing, Annual Summit, in the News, Interview/podcast
Christopher Mirabile
Chris calls it “lightening in a bottle,” his short interview of me in Austin at the Annual Summit. How could I resist? When he announced it on his blog I had to check it out; that’s when I saw his post on Crowdfunding. He’s here today to share his thoughts on the pros and cons of this new fundraising phenomenon.
On the glass-half-empty side, “Maybe the psychology is approaching that of a lottery ticket.”
Christopher has a lot of good information on his blog; besides my interview he has several other angel thought leaders, but his own missives are worth a look; check out Why Angels Chase Electrons, for example.
Show #372 Stream, flash player or iTunes
Tony Shipley, Queen City Angels
By Frank | Filed in Angel Investing, Annual Summit, Interview/podcast
Tech Coast Angels' Richard Sudek presents the Luis Villalobos Award to AssureRX Health's Don Wright, funded by Queen City Angels' Tony Shipley
Luis Villalobos was the founder of the Tech Coast Angels in Los Angeles. He was frequently recognized himself for his support of angel investing and especially as a coach of entrepreneurs. In 2010 the ACA dedicated an award in his memory and this year in Austin at the Annual Summit Tony Shipley of the Queen City Angels in Cincinnati, Ohio teamed with TCA’s Richard Sudek to present the award to AssureRx’s Don Wright.
Listen as Tony describes the early-stage investing scene in Cincinnati and the particulars of how AssureRx worked to achieve this recognition.
Show #371 Stream, flash player or iTunes
