- Angel Investing 101
Angel Investing is the process of making an investment in startup companies. This is an overview of some of the key aspects of Angel Investing that make it an effective investment mechanism. The process of making investments into businesses is regulated by the SEC. There are pathways through the regulations that allow individuals to make personal investments into unregistered startups. When Angel Investing is done well, companies make more progress, and the local economy grows new companies working on interesting new products that make the world better. When an investor and a startup founder start the process of closing an investment deal, both of them should be doing due diligence to make sure that the foundations of the deal are coming together. What are the issues that an investor is going to want to see the details of? We know from Angel Investing Research that doing a reasonable due diligence improves your investment outcomes. This discussion will explore the process of doing due diligence. All good Angel Investments involve doing reasonable due diligence. The process of Angel Investing can help startups go faster? It can also be profitable as an investment for Angel Investors. How can startups make the most of an Angel Investment? Who exactly is allowed to be Angel Investors by Federal Law? What are the best ways to invest? What are the things that Angel Investors should look for in startups? Are all startups Angel Investable? Erick Watson will give an overview of the Angel Investing process. He is an alumni of the Seattle Angel Conference. Come get your Angel Investing Questions answered.
- Cashflow and Financial modeling for your startup w/ Carlee Price
What numbers do investors want to see about your startup? Or what numbers should an investor be looking at. As you build your startup, it is vitally important to model the company and where it is going. This becomes the foundation for all the financial numbers that you will start using to navigate the path for your startup. Having a 13 week rolling cashflow projection is a vital tool for any functional business. In the same way having a cashflow projection of the company that shows the long term goal and the underlying capital stack can be fundamental in your understanding of where you are going to get outside funding. How do you build this model without pulling random “comparable” numbers out of the air? Carlee Price is an alumni of the Seattle Angel Conference. Carlee’s career is marked by extensive experience in fiduciary roles on Wall Street. Since transitioning to Private Equity and Angel Investing in 2013, she has served as due diligence lead on many seed-stage deals, as well as Advisory Board member and interim CFO. A frequent speaker, panelist, and pitch competition judge Carlee is a CFA charterholder, has completed Data Science coursework at the Master’s level at UC Berkeley and is an avid endurance runner.
- Seattle Angel - Angel Groups AMA - Ask Me Anything
So you are considering the Angel Investing process… You are a startup that is seeking early seed stage money? You just had your company go IPO and now you want to start Angel Investing? You have a bunch of questions, but you are not sure where to start? There are many Angel Groups in the Seattle area. We will bring a dozen Angel Groups and Micro-VC funds to a Seattle Angel AMA “Ask Me Anything” event. This is your chance to ask questions about the Angel Investing process, what the different Angel Groups focus on or anything else you want to now. The groups currently confirmed are : Seattle Angel Conference Grubstakes.vc SeaChange.fund Swan Ventures E8 Angels Tie Keiretsu Bellingham Angels Puget Sound Venture Club Alliance of Angels Ascend Ventures First Row Partners Untapped Ventures
- Pitch Deconstruction: Diving into your Startup
On the Startup Journey, the Pitch is a key part of engagement between the Startups and outside investors. The Elevator Pitch, the 5 minute pitch, everyone on your team needs to be able to make a credible pitch about the company and what you are doing. Pitching to Angels is one of the ways that startups engage with the Angel Investor Dating process. How you present, What you present, Who presents all impacts how your startup makes progress (or not). Practicing your pitch is a critical task for startups. Often there is a significant difference between what the Founders say and what the investors hear. What are the investors looking for in the startup pitch? What are the ways that they translate what they hear? As a part of any Angel Group, a startup may end up pitching multiple times. Frequently, there is little feedback about the pitch. The Startup does not get to hear the conversation about what the investors were concerned about. In the Pitch Deconstruction, any of the companies that come will get a chance to give a 1 minute pitch. There will be a active Investors at the event, and they will provide general feedback to all of the 1 minute pitches. The audience will vote for the ones that they would like to hear more from, and those winners (typically 5-6) will then give a 5 minute pitch. The one minute pitches should not include slides. The 3 minute pitches are able to use a slide deck. Our panel of Seattle Angel Alumni will then deconstruct what they heard and how it impacts their decision making process for further engagement for Angel Investment. This is a great way to get feedback on your startup idea. Our Angel Panel(s) will include Javier Soto, David Grampa, Chelsea Carter, Ron Thies, and Elaine Werffeli, all Alumni of the Seattle Angel Conference and Active Angel Investors
- Getting Ready for Startup Investment w/Steve Hord
As your startup considers taking an outside investment, there are many steps to be done. If you prepare for those steps, the process can be smoother and happier for everyone. Come join us for a discussion with Steve Hord, an active angel investor and startup veteran, about how to best prepare for an investment. If you are a startup seeking investment, then when you find a willing investor, who is willing to dig into the question, you have all the materials and answers ready for the due diligence process and the investment. On the other hand, If you are learning to be a new Angel Investor, perhaps there are some aspects of due diligence and preparation you can learn about ahead of time. About Steve Hord I am an experienced entrepreneur and technical co-founder with an emphasis on SAAS, Markets, and FinTech As an entrepreneur, I have led start-ups from seed through C round funding and successful acquisition. As an investor, I have reviewed over 100 companies and helped prepare diligence research on dozens.
- Startup Termsheets impact Angel Investing W/ Geoff Harris
As you are negotiating the details of your Angel Investment, whether you are the Investor or the Startup Founder, the Terms of the agreement make a difference. Sometimes, a great company with the wrong expectations around terms can sour all of their efforts. At other times, investors may have a detail missing which makes or breaks the negotiations. The kinds of companies you can invest in will depend on the types of terms you are willing to accept. The types of investors you can attract and engage also depend on your terms. ABOUT GEOFF HARRIS One of the 3 founding partners of Flying Fish Ventures, Geoff Harris spent 15 years at Microsoft in Engineering Leadership and Executive Leadership positions. His career at Microsoft began in digital media where he ran the Windows Media Player team. He then moved on the mobile space where he founded the first mobile services team within Microsoft, growing the team from zero to 250 in just over a year, which included a medium-sized international acquisition. Geoff was then General Manager for the Speech and Natural Language team where he led advancements in Speech Recognition and Natural Language Processing which are shipped in Xbox, Windows Phone and Cortana. Geoff was an active angel investor with a portfolio of more than 40 investments. He has become heavily involved in promoting angel investing within Seattle in an effort to grow the funding ecosystem for local startups. Geoff Is an Alumni of Seattle Angel Conference. Geoff is an avid musician. Geoff holds a BA in Political Science from Brown University.
- Due Dilligence for Early Stage Angel Investments w/Kurt Bilafer
Effective Angel Investing requires effective Due Diligence to improve the prospects of the investment. The Angel Investors need to check into the details of the company. Since early startups are not registered with the SEC, providing regular quarterly reports on their activities, Angel Investors have to step in and dig into the details of the company and learn for themselves what is happening with the company. For the Angel Investors, what are the issues that represent the important places to look at a company. It is hard to compare an early pre-revenue company with a company with 10 employees, cashflow positive and a growing balance. Both of the companies may be investable. They are just at different stages. For Startup Founders, what are the types of things you should have considered and prepared in order for you to engage with the Angel Investor due diligence? Kurt Bilafer was the LLC manager for Seattle Angel Conference 17. He is an active Angel Investor and participates in the NW Fund Manager Group.