There has been chatter over the years about fund economics — specifically whether carry should be calculated on a fund level, or on a deal-by-deal basis. With the rise of Syndicates and SPVs — and the rise of Angelist as a platform for both — I believe it merits revisiting. My major concern is that all […]
I always tell entrepreneurs that 2 heads are better than 1, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you do not have in business, technology or money. So the first question I usually get is what percent of the company or […]
Angel investors are still the lifeblood of early-stage startups, despite the surge of activity in crowdfunding and an increasing early interest from venture capitalists. According to the Angel Capital Association, at least 300,000 people have made angel investments in the last 2 years, totaling $24 billion in the US alone. These are all accredited investors who […]
If you go in knowing your numbers cold, you are more than halfway there. Securing venture funding for a startup is undoubtedly a challenging process for a young entrepreneur. With only .05 percent of startups funded by VCs, every entrepreneur is likely to experience a healthy dose of rejection. The experience can be pretty humbling, especially for […]
Advice on how Mr. Frankel chooses what companies to invest in.
More than any other industry, the tech industry depends on one thing for progress.