This past Friday, just a day shy of Halloween, the SEC finally voted on Title III of the JOBs Act, the “Crowdfunding” provision enabling individuals who do not meet the definition of “accredited investor” to participate as investors in online portals investing in the start-up space. This “democratization” of capital formation will be done through funding portals that will need to register with the SEC and become a member of a national securities association. Continue reading
Posted in Angel Groups, Angel Investing, CrowdFunding, Early Stage Investing, Golden Seeds, Investor Training, New York Angels, Opinion
Tagged Accredited Investor, Angel Capital Association, Angel Investing, Angel Investor, Angel Resource Institute, Brian S Cohen, Crowdfunding, David S Rose, Education, Golden Seeds, JOBS Act, Josh Maher, New York Angels, Shark Tank
There’s a great quote from Albert Schweitzer – “Do something wonderful, people may imitate it”. Hopefully other people will imitate the over 184 backers (myself included) of a current KickStarter Project called Dream, Girl: The Documentary. Continue reading
Posted in Angel Groups, Angel Investing, CrowdFunding, Golden Seeds, Uncategorized, Women in Tech
Tagged Angel Investing, Angel Investor, Astia Angels, Catalyst, Dream, Female Angels, Female Investors, Girl!, Golden Seeds, GoldieBlox, KickStarter Campaigns, McKinsey, The JumpFund, Women Angels, Women in the C-Suite, Women on Boards, X squared Angels
Yes, it’s that time of year once again when we think about resolutions for the New Year. In last year’s New Year’s post, I suggested that you think about the composition of your investment portfolio, taking into consideration the amount you want to commit to this sector overall as well as the diversification goals that make the most sense for you.
Here are my three tips for 2014:
Know your co-investors:
If the three most important criteria in real estate are location, location, location, then the top three for angel investing would be alignment, alignment, alignment. Not only is it important for investors and portfolio company CEOs to have alignment in terms of their vision for the company, it is just as critical for the co-investors to be aligned. When the business needs to shift direction, there is a follow-on round required, or an exit on the table, having conflicting objectives among your co-investors can be quite problematic. The advent of funding platforms has made knowing who else is in the deal somewhat more challenging. Entrepreneurs will oftentimes do some due diligence on potential angels, I would suggest you do the same on potential co-investors.
Get your investment dox in order:
Whether there is a follow-on round contemplated or a potential exit on the table, it is also very important that you know both your rights and your obligations as an investor. Where did you file those stock certificates? Do you have pre-emptive rights? Know your options and obligations before a follow-on round or a potential exit.
Look at the world through the lens of an entrepreneur:
Whether it’s negotiating a term sheet or evaluating a major strategic shift, it is always helpful to put yourself in the other person’s shoes. When I review a term sheet for a potential investment, first I read it as an investor, then I read it as though I am the CEO receiving the term sheet. I also enjoy reading books and blogs directed at entrepreneurs. Here are a few of my picks:
If you have a great resource, let me know in the comment section below!
Have a very Happy New Year!
Posted in Accelerators, Angel Groups, Angel Investing, CrowdFunding, Golden Seeds, Opinion, Term Sheets, Uncategorized
Tagged Alley Watch, Angel Capital Association, Angel Investing, Angel Investor, Brad Feld, Brian S Cohen, Co-investors, Exit, Follow-on Rounds, Golden Seeds, Investment Dox, New York Angels, New York City, Startups, Women in Angel Investing, Women Investor
This past weekend, I had the opportunity to invest in a crowd-funding campaign for Bella Minds – whose mission is quite simple – “Bringing Tech Education to ALL Women”. There is lots of press these days on the lack of women in STEM… so rather than just read/write about the problem, this was an opportunity to participate in an actual solution; yes do something! Continue reading
Posted in Angel Groups, Angel Investing, CrowdFunding, Due Diligence, Golden Seeds, Opinion, Uncategorized, Venture Capital, Women in Tech
Tagged Angel Investing, Angel Investor, Bella Minds, Crowdfunding, Deb Jackson, Female Investors, Golden Seeds, Mentorship, Plum Alley, Women Angels