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Aug31
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In my previous post, I advised rookie entrepreneurs not to give their valuations to angel investors in elevator pitches because angels almost always jump ship when they hear a valuation that is too high.
On the flip-side, angels shouldn't immediately rule out a promising company just because the entrepreneur's valuation is a little high.
The entrepreneur's valuation of the company is the beginning of a conversation (a.k.a. negotiation), especially when they throw it out during an elevator pitch.
Be patient with first-time entrepreneurs and take the time to educate them. I've seen too many angels miss out on smokin' deals because they shut their ears off way too early in the conversation.
What do you think?
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Aug31
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I listened to ten entrepreneurs give ten 4-minute pitches ten times to ten tables of angel investors at a FundingUniverse.com Speedpitching Luncheon the other day. (Feel free to go back and read that last sentence again. It was the best...
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Aug23
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Regrettably. a few major projects at FundingUniverse.com have kept me from "getting my blog on" lately. I'm glad to be back in the saddle.A couple of interesting links: Arizona's CopperKey gets $2M from Desert Angels, HOTventures and Others -- HOTventures'...
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Aug12
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Newly appointed PAN interim managing director Troy Knauss got his feet wet this week, leading a $1.3 million dollar investment in Bioptigen, a company that "is developing a new class of optical imaging systems for biomedical applications that can see...
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Aug10
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Marc Nathan of the Houston Angel Network (Little known fact -- HAN is one of he nations three largest single branch angel groups.) sent me a great article on the art of watching a pitch.I've sat through quite a few...
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Chad Blodgett emailed this story to me and Brad Feld blogged about it. I'm guessing it's worth reading.David Cohen writes a thoughtful article about how angel investors make decisions to invest. The underlying theme is that many angels rely a...
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Aug 9
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Milwaukee-based Silicon Pastures named Theresa Esser its new executive director. Theresa joins a small handful of women who are leading angel groups, a fact that she calls both "significant and interesting". Congratulations Theresa!In addition, the largest women's investment group in...
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Aug 5
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A little entrepreneur trivia ...The Ewing Marion Kauffman Foundation has done some research on what makes an individual more likely to be entrepreneurial, and here's what they found:You don't need to be a college grad, well-organized, or driven by money...
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The Genesis Exchage is taking a stab at creating a regular publication for angel investors called The Angel Journal.Are there any other angel publications/newsletters out there that we should know about?...
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Aug 3
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The Texas Startup Blog has some sobering tips for entrepreneurs seeking seed capital. Frank Demmler writes that entrepreneurs sometimes fall into the trap of thinking that there is a 10-step process that will magically guarantee investment capital. I really shouldn’t...
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Aug 2
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I've written a written more than one post in the past about states that are passing legislation to incentivise angel investors by giving them tax breaks and guaranteeing large portions of their investments. Legislation encouraging angel investing has got to...
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