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Reflection on Local Angel Investment From Inside Out

Posted by on May 22nd, 2012

This is a good time to reflect on my experience with locally based angel investment. I just finished with the fourth of our annual angel investment event for my local group based in Eugene and Corvallis, Oregon. I’ve been an investing member since the group — the Willamette Angel Conference, nicknamed (ugh) the WAC — started.

We now have an

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Schooling MBAs (part I)

Yesterday I was a judge at the Northeast Regional Finals of the Venture Capital Investment Competition, featuring teams of MBAs from some pretty fancy schools. The big idea is that the MBAs form imaginary VC firms, look at real startups, and get judged on how they handle due diligence, investment structures, etc.  So it’s the MBA “investors,” not the startups,

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Good Sources on the Pros & Cons of Convertible Notes

Entrepreneurs: if you’re looking seriously at angel investment, and you have the kind of product-market fit and management experience investors will like, you need to take a good look at convertible notes.

Do yourself and the investors you want to talk to a favor: take a few minutes and do some homework on this issue.

Knowledge Is Power: Convertible Note Financing Terms, Part III

Last week, we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece.  I’ll continue with more specific terms and wrap up next week with some thoughts about recent changes and trends for the future. Readers may find it helpful to download the sample term sheet from my firm’s website and

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Knowledge Is Power: Convertible Note Financing Terms, Part II

Last week, we gave some attention to the “why” behind convertible note financing for early stage startups.  In this installment, I’ll dig into the “how” by dissecting an example term sheet based on a real deal.  For those playing at home, you may find it helpful to download the sample term sheet from my firm’s website and follow along with

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Knowledge Is Power: Convertible Note Financing Terms, Part I

The most successful serial entrepreneurs in the world may found three or four, perhaps even eight or ten venture-backed startups over the course of their careers. By contrast, venture capitalists and angel investors typically make scores or even hundreds of investments over the course of their careers. It should therefore come as no surprise that an asymmetry of information exists,

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