May 19, 2009

Oh Yes He Did: What My Business Partner Said to an Angel Investor

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I guess you could say my business partner John and I were a little green behind the ears when we started out. We had a great idea, and the determination to make it into a viable business…but neither of us had any formal business training. So we relied a lot on other people to help us flatten out the learning curve. I guess we believed that if we sought out the right people, everything would just fall into place and we would secure our rightful place as the next Google. What we did not realize at the time is that the majority of the people who advised us had similar ideas about what a successful business looks like. One thing that we heard time and again is that if you want your company to take off, you have to get some serious investment. Accordingly, we put a lot of time and energy into fundraising. Then, during an intensified campaign to find angel investment, something happened that changed everything.

Much to my delight, we were able to secure a meeting with a successful entrepreneur turned Angel Investor with an incredible track record. Upon delivering our well rehearsed pitch he proceeded to explain his program. Then we got into a conversation about how VC and angel investment works. His comments provoked John to blurt out, Betting on a bunch of companies without any proof of concept sounds like a crap shoot. What kind of idiot would do that?" My face turned bright red as I waited for the Angel's reply. "I do" he said. We all had a good laugh and then the Angel proceeded to tell us how his most rewarding venture was the one he started with blood, sweat, tears, and a good credit line. I agree 100% with my business partner, and since we are no longer in the a** kissing business of fundraising, I can say without hesitation it seems the entire system is setup so that people/entities with money can exploit entrepreneurs with great ideas and the commitment to see them through. But I digress; my opinion of institutional funding is irrelevant.

What is important is that John and I walked out of that meeting with a crystal clear vision of how we wanted to proceed. That day, we vowed not to waste any more time and energy on fundraising, and instead focus on selling the service we knew had tremendous value to the groups currently using it. I am proud to say that since that time, we have made great progress. We are now celebrating our fourth consecutive month of making more money than we are spending… and we are doing it on our terms!

Advice for others:

Don't be suckered into believing you have to seek outside funding to start a successful business. Admittedly, there are some circumstances in which a company can simply not get off the group with some initial funding from public or private institutions. But for the most part, you can secure the resources you need to see your dream come to fruition without loosing ownership in your company and/or selling your soul… so long as your product or service has real value.

Duration : 0:3:59

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NYC VC and Angel Investor Event - Short Clips

take 2 - Here are some clips from the NYC FundingPost venture and angel event from 5/13/09. More info on upcoming events at http://www.fundingpost.com/event or follow our event updates on twitter: www.twitter.com/fundingpost

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May 15, 2009

REFLEXX ROBOTICS FAST PITCH PRESENTATION 05-16-2009

Reflexx Robotics was one of only 12 companies that made it to the Tech Coast Angels' "Fast Pitch Competition". This annual event started with over 60 applicants and after two coaching/selection sessions was whittled down to just 12 finalists.
This is the 90 second pitch that was given by Gene Sherman in front of a panel of venture capital experts, angel investors and a live audience. They were two awards that evening. One for "best presentation" and one for "best investment opportunity". We won second place in BOTH categories and now will have the opportunity to pursue venture funding with this angel investor group!

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Keiretsu Forum Angel Capital Expo April 2009

Angel Capital Expo is a premier gathering of the angel capital community. The Expo is a recurring event across the United States; bringing together investors and entrepreneurs looking for funding. Angel Capital Expo is organized by Keiretsu Forum, the worlds largest angel investment network, and was created to foster collaboration among angel groups, as well as reach out to the larger investment community.

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May 11, 2009

Angel Investing 1c

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May 8, 2009

Angel Investing 1a

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May 7, 2009

What is the best website for angel investor mn?


here are search results for "angel investor mn"
http://www.yabloog.com/angel_investor_mn.html

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May 5, 2009

What is the best website for newport beach angel investor?


here are search results for "newport beach angel investor"
http://www.yabloog.com/newport_beach_angel_investor.html

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May 4, 2009

angel's investor p1

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Simple Tips To Help Relieve Hot Flashes

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Five Keys To Choosing A Good Angel Investor

Seeking an angel investor? Take these five steps to protect your company from making a bad choice. 1. Know the angel investor's personality. Perhaps it is a good idea to invite him watch a sports event - you can purchase sports tickets online though. In most cases, you could see a person's real personality through his interest, who knows, there you could find out that the two of you have the same point of view not only in sports but also in business. Different kinds of angel investors have different reasons to invest. To glean personality clues, listen to the questions investors ask. An obsession with operational detail is often a sign an angel investor will want to take part in day-to-day company management. If you need additional management help, that may be to your advantage. But it can easily turn into a case of too many chefs spoiling the stew. 2. Do background research. Internet-based reference search companies provide quick and easy ways to know if your angel investor has any skeletons in the closet. Reference search services access databases of business licenses, criminal records, bankruptcies, real property transactions, civil court judgments, even utility bills. A basic search through such a system costs $8 on average. Within the search results, look for inconsistencies. The absence of data may be more important than the information itself. If very little is available on a person, it could be that they pay cash for everything-or it could be more insidious, like their whole personality is fabricated. Likewise, multiple occurrences of different names, or different spellings of the same name, may indicate previous fraud. Also, avoid people involved in multiple lawsuits. 3. Get help. Get an outsider or a consultant to look over the deal. A consultant has no stake in the deal and can operate at a level above any particular self-interest. If you cannot afford a paid consultant, look within your own network for a person whose judgment you trust. 4. Set expectations. Perhaps the most overlooked aspect of taking on an angel investor is setting expectations. Even when a formal contract or subscription agreement exists, it rarely addresses issues like mentoring and management. Do you expect your angel investor to help manage the business or to keep his distance? Let him know in advance. 5. Tackle problems quickly. At the first sign of things going bad between you and the angel investor, begin a clear and professional dialog. If you explain to an angel investor that his actions are counterproductive, you may not only change his behavior but also win his respect. If you are less fortunate, you will end up with an angry angel investor - but you may save the company.

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What Exactly Is An Angel Investor?

Angel investors are single investors looking to invest venture capital into a business they see as having potential for rapid growth. While institution venture capitalists often want a piece of the action, many angel investors generally let you run your own show, with little or no interference, or are content to become a mentor of sorts. Angel investors often invest in markets they are familiar with like anti aging skin care and beauty products, or that they do or have owned businesses in. Angels quite often invest in a business right at the beginning, as opposed to investing in a more established business. But the question is, how much money do angel investor invest? Angel investors tend to provide less money than many venture capitalists do. And angels tend to invest in fewer businesses and in less total dollar value of investments. While institution venture capital tends to run from half million on the low end to double digit millions on the high end, angel investors tend to invest anywhere from $300,000 to the low millions.

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