Every rookie angel investor and entrepreneur should read Luis Villalobos' paper on valuations. Hat tip: Kelly Perdew.
Here's an excerpt:
"Investing isn't like heads-up hold-em poker where each player withholds information from the other and each tries to convince the other that they have a better hand than they actually do. Quite the opposite, in investing the objective is for both sides to share information as completely as possible, and then work together toward their shared goal of building a very successful company."
I know, I know ... I've mentioned Luis 200 times in the last few weeks. No, I'm not related to him and, no, I'm not an employee. The dude just seems to show up everywhere I look. It's downright eerie ... At any rate, I'll try to diversify in the future, but I won't let it get in the way of leading you to the best resources.
Jeff - great post! Are you sure you don't work for Luis? Keep feeding us articles that discuss the relationship between angels and entrepreneurs, especially when it comes to valuation, money, and returns. Thanks!
Posted by: Chad | July 17, 2006 4:25 PM | Permalink to Comment