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ID:27904621
大小:1.55 MB
页数:64页
时间:2018-12-05
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3、irownmoneyInvestmentRisksTheAngelisusuallylessknowledgeablethanaVCinmostaspectsInvestmentRisksTheAngelstendtofollowtheirgutfeeling(Soyoubetterbedamnsureyouknowwhatyou’redoing…)InvestmentRisksTheAngelknowswhereyouliveInvestmentRisksTheVCriskisdividedthroughalargerportfolioAnge
4、lVS.VCExceptedHoldings5ExceptedHoldingsVC’sexpectaminimumof20%-25%shareholdings(Theywillaskformuchmore)ExceptedHoldingsAnglesareagnostic.Timing6TimingAngelscanaffordinvestinginthescenariosof:SeedDown-round*AngelswillusuallynotexecutetheirpreemptiverightTimingVCwillusuallyrequir
5、eamorematurecompany,andevenaproofofconceptbeforeinvestingTimingAngelmoneyisfaster(FormostAngelsameetingortwoissufficienttodecide)Timing“SomeVC’swillyesyoutodeath”-AdiPundak-MintzWhydoAngelsExist?7WhydoAngelsExist?Potentialforlargemultipliersontheirinvestmentoutsideofthestockmarke
6、tsWhydoAngelsExist?Theinvestmentisnotliquid–WhenitisgoneitisgoneWhydoAngelsExist?TheGoogle–Facebook–TheMarkerEffectWhydoAngelsExist?TaxBenefitsWhydoAngelsExist?It’sFashionable&CoolVCTypes–EntrepreneurPOV8VCTypes–SeedFundsInvestsmallamountofmoneyinearlystage,withnopromiseforrecurr
7、inginvestmentVCTypes–IsraelTopFive-Hasmorethen$100Mfund-Knownforitssmartandbeautifulpartners**YaronfromGizaVCisagreatexampleVCTypes–InternationalEnablesyoutotelleveryoneyounowhavedirectaccesstoSteveJobs,BalmerandGodVCTypes–FamousProvenwinners-IndexVenturesinvestedinVCTypes–TopTi
8、erSequoiaDraperFisherJurvetsonAngelTypes
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