文档介绍：ANGEL INVESTING
An Introduction to
OUTLINE
Who are these Angels?
Entrepreneur-pany Formation and Startup Funding
Portfolio Strategy for Angel Investors
Post-investment Relationship between
Entrepreneurs and Angel Investors
Why Angels are Joining Groups
The Angel Investing Process
The Power of Angel Investing Seminar
/ 尼龙板棒 pom板棒环氧板尼龙板尼龙棒/ 高压油管金属软管液压接头
Angel Investors (vs. private investors)
Invest money in seed, startup
and early panies
Invest time in entrepreneurs
and panies
Business acumen
Mentoring and coaching
Serve on boards
Make business introductions
Who are these Angel Investors
Often essful, exited entrepreneurs or retired business persons – active investors
Invest both time and money panies
Accredited Investors - SEC definition
Angels invest their own money (not money managers)
Investing in panies
Motivation: Why e an Angel Investor?
Helping entrepreneurs
Stay engaged – using skills and
experiences to help build a business
Giving back munity or university
An active form of investing –
not just watching markets
Return on Investment is the metric
How do Angels fit into Entrepreneur-munities
Entrepreneur-munities
Service
Providers
Entrepreneurship
Center
Bus Plans
working
Funding
Sources
VCs
Angels
Grants
Banks
SBIRs
Mentors
Coaches
Role models
ENTREPRENEURS
Sources of
Technology
Innovations
Product Ideas
Colleges &
Universities
Companies
Labs
Talented People
pany Formation and Funding Sources for panies
Who are Funding panies
Friends, Family (and Fools) – FFF
Angel Investors
Venture Capitalists
Other
Government grants (SBIRs, etc.)
State and local programs
Friends, family & fools
Angels
Venture Capital
Not accredited
Unsophisticated
Investing in a friend
Passive
1-2 lifetime investments
($100 to $5,000 each)
Accredited
Expertise and personal money
Active
Investing in entrepreneur
Portfolio of angel deals
Limited partnership
Institutional money
General Partners active
Invest pany
Large portfolio
Typi