Archive for May, 2011

Models of Angel Groups

May 30 2011 No Commented

Here is my June 2011 column published today in the Flathead Beacon on models for angel organizations.

Huge Opportunities Do NOT Command Huge Pre-money Valuations

May 30 2011 one Commented

One entrepreneur has a company which appears to be scalable to a $30 million exit value in 5-8 years and a second entrepreneur’s venture seems to be scalable to $200 million in exit value in the same time frame.  Yet, at the pre-revenue stage of development, angel investors price both companies at a pre-money valuation […]

Sharing Angel Experiences in New Zealand

May 21 2011 No Commented

Last week Ann and I attended the 11th annual Congress of the European Business Angel Network (EBAN) in Warsaw.  I was asked to present a summary of our five-month visit to New Zealand in 2010, where we shared experiences with angels and entrepreneurs.  Here is a link to my EBAN talk, Sharing Angel Experiences in New […]

Interview WBJ – A Wealth of Experience

May 20 2011 No Commented

I was interviewed early this month by Gareth Price of the Warsaw Business Journal about my experiences as an entrepreneur and angel investor, and about what angels look for in fundable deals.  See link.

Around Warsaw

May 17 2011 one Commented

My wife Ann and I just completed a delightful 6-day visit to Warsaw.  Our purpose was to attend the 11th Annual Congress of the European Business Angel Network (EBAN) and to tour Warsaw and Krakow. The EBAN meeting was attended by over 500 delegates from 38 countries.  The presentations and panel discussions were of high […]

Are Larger Opportunities More Risky Than Smaller Ones?

May 10 2011 No Commented

The skewed returns for angel investments report by Rob Wiltbank in 2007 for the US and in 2009 for the UK describe a clear strategy for angel investors:   [1] diversity* – invest in a large number of deals (ideally 25 or more) and [2] scalability – invest only in deals that can scale valuation rapidly […]

Signing Up for the new Financing A High-Impact Venture (in Montana) Workshop

May 2 2011 No Commented

A week or so ago, I posted on a new workshop available for entrepreneurs in Montana – sponsored by Montana State Workforce Investment Board and the Governor’s Office of Economic Development (see Financing Startups – A New Workshop for Entrepreneurs).   Here is some additional information on this workshop: Kathy McLane from Glendive participated via two-way […]

Angel-Fundable Startup Companies

May 1 2011 No Commented

What do angels look for in new investments?  Read my recent column:   Angel-Fundable Startup Companies in the Flathead Beacon.