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Blog Archives

How to Give Women the Wings of an Angel

Canada has not tapped its female angel investor potential – yet.

The female angel investor conversation has been discussed inside and out. From TechCrunch, BetaKit to the Financial Post, there have been more than a few arguments made about the lack of female representation in Canada’s early-stage investment community and the benefits of tapping into this financial resource.

For example,

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What are key issues for companies to keep in mind when obtaining investment from an Angel group?

The main one is simultaneously obvious and under-estimated in both directions: you are likely getting a bunch of small-ish investors at once. This might typically be anywhere from five to twenty-five investors each putting in somewhere between $10,00 and $100,000 (depending on the group.)

The good side is that you now have 5-25 smart, connected people rooting for you. If

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What are the best innovations to come out of the financial industry in recent times?

From a completely biased perspective, I’d nominate the nascent and not yet completely visible rise of online equity investing platforms.

While Gust is generally flying under the radar, and currently accounts for an infinitesimally tiny fraction of the marketplace, the actual numbers may be a bit surprising.

What are the top VC firms and angel groups in Seattle/Portland/Vancouver (or Pacific Northwest area)?

The Pacific Northwest has some of the best and most active angel groups in the country (and I say that coming from New York!) Check out:

Where can I find data relating to Angel Investment?

Unfortunately, none of this data exists. Period. The reasons are (a) there is no such thing as an “average” angel investor, and (b) there is currently no way to track the activities or record of individual investors.

That said, the rough ranges would be as follows:

Angel Group Syndication of Series A Rounds

Posted by on May 8th, 2013

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 accelerators, super angels and new seed stage funds.  Unfortunately, we are now suffering a Series A startup funding crunch, that is, a lack of seed stage

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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 primary focuses:

(1)   Soliciting a large mailing list of potential angel investor members (and others, such as service providers) and organizing pitching meetings for them.    Members have

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How We Do the Due Diligence for Our Angel Investment Group

Bill Payne had an excellent post here a few weeks ago, Raising Your Hand as Due Diligence Lead for Angel Groups, which starts with a this:

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 over the life of

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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 over the life of their investments.  However, for deals on which collective due diligence totally less than 20 hours, returns were only 1.1X.  But, deals on which angel put

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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 at 2011 Valuation Survey of North American Angel Investor Groups.

We received data from thirty groups of the fifty angel groups from whom we

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