Comments for the Frank Peters Show

Comment on Austin Bike Ride Announced [UPDATED] by Zubet

Zubet — Mon, 13 Feb 2012 22:23:06 +0000

Hi there,
How do I sign up for this ride. I just don’t see an application form anywhere on this site (however, I am blonde, so please help me).

Looking forward to it,
Zubet

Also, will the bikes have SPD pedals so we can clip in if we bring our shoes?

Comment on Ty Danco, Vermont View on Startups by The Big List: The Best and Worst Startup Stuff In 2011 « Business Updates

The Big List: The Best and Worst Startup Stuff In 2011 « Business Updates — Mon, 09 Jan 2012 22:08:25 +0000

[...] different techniques to value companies. (Disclaimer: I’ve been on his show twice, including this time in 2011.) A good example of Frank’s work: his 4 part seriesAll About Angel Investing. If you’re [...]

Comment on Champagne Corks Pop by Matthew Artero

Matthew Artero — Sun, 08 Jan 2012 22:09:58 +0000

Finally! There is the amount TCA has invested. So what are the total returns to date and what percentage does it come to?

Comment on WebVisible Shuts Down by Matthew Artero

Matthew Artero — Sun, 08 Jan 2012 22:09:42 +0000

WebVisible makes all the same promises as TCA’s October 2010 investment, xAd. That’s over two years after your WebVisible interview. How about telling us the difference between these two companies, if any, and why xAd deserved being investing in? Or is xAd headed for the same fate?

You keep talking about identifying “best practices” but I count at least half a dozen things taught on The Frank Peters Show that are the exact opposite of what those at the top of the charts with repeated success are doing. You and your guests spend a lot of time justifying those teachings and seem unable to see that they are self fullfilling proficies.

You and your friends have stated that trust is the first and most important thing that has to happen between the entrepreneur and angel. How do you expect to gain the trust of those with the highest quality offers if you keep teaching to do the opposite of what those with repeated success are doing?

I feel certain that these teachings by you and your guests have a negative affect on the quality and number of deals and members you are able to attract.

I know it affects my willingness to listen to your show. I might go over a year without listening. Then if I happen to have a lot of free time I might listen to a show to see if things have gotten better. They haven’t.

Just as you and your guests complain about entreprenuers you call bozos who are so fixated on their idea/invention/product; you are unable to change from these teachings that are negatively impacting your success.

I’ve been toying with the idea of making a youtube video on these teachings that are the exact opposite of what those who repeatedly win teach. But it’s just not a priority for me. That information is not a secret and one can easily find it if they want to.

On your shows you often ask your guests to identify a hot area. I’ll leave you with at least one positive note. Here is a link to a short 550 word article I wrote that identifies the hottest area on the entire planet to invest in right now.

http://appleiphonekiller.com/index.php/myth-of-the-ecosystems-war

Comment on Ty Danco, Vermont View on Startups by The Big List: The Best and Worst Startup Stuff In 2011 « Fast Ninja Blog by Freelanceful – Web Design | Coding | Freelancing

Tue, 03 Jan 2012 02:05:37 +0000

Comment on Ty Danco, Vermont View on Startups by The Best and Worst Startup Stuff In 2011 – Finding Out About

The Best and Worst Startup Stuff In 2011 – Finding Out About — Mon, 02 Jan 2012 22:26:58 +0000

Comment on Michael Green, Take It or Leave It by Paul Silva

Paul Silva — Tue, 27 Dec 2011 13:39:22 +0000

Frank, thank you (and your TCA peers) kindly for sharing. This is certainly an idea angel groups should be debating internally. Angel groups have been moving “upstream” just as VCs did before us, again leaving a gap for seed-stage deals. Maybe solutions like TCA’s newest might help address some of those issues. Even if it does not, it sparks an excellent conversation!

Comment on All About Angel Investing, Part IV by Paul G. Silva

Paul G. Silva — Sun, 25 Dec 2011 01:05:52 +0000

Frank, this was a tour de force :). Nicely done. I am recommending the whole seriese to all my new members. THANK YOU for creating it, and thanks to your panelists too!

Comment on Staying Relevant in Retirement by Curtis Gunn

Curtis Gunn — Sun, 11 Dec 2011 22:54:42 +0000

Frank,

Thank you for all you do! It’s always a pleasure to see you and hear your thoughts, ideas and comments. See you again sometime soon in the Old Pueblo.

Curtis Gunn

Comment on Michael Green, Take It or Leave It by Tom

Tom — Wed, 07 Dec 2011 22:20:48 +0000

Take it or leave it? I’ll leave it…

To an angel investor, the problem with convertible notes is the “slushy” valuation. This note gives a discount and also has a ceiling to valuation, *BUT*, the note includes the ability of the simple majority of note holders (and the company) to change any of the underlying note holder rights (aside from principal amount, right to pay principal amount and interest).

So, say a VC comes in 6 months after the convertible note and says: “Hey, I’ll invest $5M at a $10M valuation *BUT* I want all these note holders in around the same valuation as we set. So, if you can get the note holders to change their valuation cap, I’ll give them a 20% discount at $10M pre and we have a deal.”

A simple majority of the note holders can change the terms and good bye to the $2.1M cap in this note.
We see VCs do this type of thing all the time in angel deals: this should at least be a 2/3′s majority and arguably *all* holders of the note.

This is the reason I don’t like convertible notes: it’s hard enough trying to maintain an investment with follow on rounds, VC dilution and lovely things like “recapitalization” – why give any wiggle room in a document like this, given the risk you are taking at this stage?