Angel Investing By: Ethel Rubin, PhD, Entrepreneur-in-Residence, NIH Office of the Director Office of Extramural Research Looking for a deal in your backyard? The NIH is the world's largest investor in early stage life sciences companies. Over 1000 companies annually tap into NIH’s SBIR and STTR program for nondilutive funding to the tune of $980M in FY17. Did you know the NIH maintains RePORTER, an online database, of all funded companies and projects? This link will take you to what's been funded this fiscal year, but you can query the database yourself to look for companies specific to your interests. There are over 25 different ways to search and visualize the data with built in analytics (click on the Data & Visualize to create graphs and more you can export directly to PowerPoint and Excel).  By Lucy Howell, ACA Director of Partnerships After a 20-year career in financial services, I joined the Angel Capital Association as director of partnerships exactly one year ago this month. Over the past year, I have met hundreds of angels, entrepreneurs, community development leaders, bankers, sponsors and policy makers interested in this critical niche. Angels are the biggest funders of high-growth new businesses, which created nearly all net new jobs in last 25 years. Yet, I am surprised by how little is known about this unique angel investing world. I thought it would be fun to recap my top 12 takeaways from the year to shed some light on this amazing group of people and the impacts angels have had, not only on me, but on their local ecosystems.  By: Marianne Hudson, ACA Executive Director Recently two articles caught my attention for calling attention to the importance of startups to national economies, with one particularly pointing out how key angel investors are. Both writings point to how startups create jobs and innovations to our economy and they are the kinds of articles that Members of Congress and other policy makers read. (That helps ACA make progress on Capitol Hill, trust me!) Below are both articles with some excerpts so you get the general idea. Check out the full articles too.  By: Ham Lord, Managing Director of Launchpad Venture Group and Co-Founder of Seraf-investor.com This post originally appeared on Seraf-investor.com This article is the first in an ongoing series on valuation and capitalization. To learn more about the financial mechanics of early stage investing, download this free eBook today Angel Investing by the Numbers: Valuation, Capitalization, Portfolio Construction and Startup Economics or purchase our books at Amazon.com. In the sport of Major League Baseball, the greatest hitters are those who get a hit just one out of every three times at bat and a home run 5 or 6 times out of 100 at bats. In the world of startup company investing, the best-known investors are those who invest in the tiny percentage of companies that make it big. Think Facebook, Google or Amazon. If you invest in one of those enormously successful companies you will find your name in the equivalent of the Baseball Hall of Fame… it’s called the Forbes Midas List. Tags: By: Marianne Hudson, ACA Executive Director I’ve been glued to media coverage of Hurricane Harvey and the devastation the storm and floods have caused in Texas and Louisiana, with thoughts of everyone in that region. The photos and videos are so full of unbelievable stories and damage. As I see the storm finally moving to other parts of the country, I think we angels should start using our innovative minds to supporting the region’s entrepreneurs, the innovation ecosystem, and indeed, some of our member investors. Tags: By: Marianne Hudson, ACA Executive Director It was with great enthusiasm that the Angel Capital Association honored Catherine Mott with the prestigious Hans Severiens Award at last week’s 2017 ACA Summit. The Hans Severiens Award is presented annually to recognize one individual’s work in advancing the field of angel investing. Catherine is a great representative of the spirit of the award, with impacts ranging from developing and educating angel best practices to regulatory policy work to advocating for startups and helping expand the diversity of the angel investing community. By: Marianne Hudson, ACA Executive Director This post originally appeared on Forbes.com On my mission to get smarter and smarter about angel investing, I think it’s important to read as much as I can from leading investors and experts in entrepreneurship. There were some really great articles last year that made a difference to my own investing and thinking about trends and policies. Here are 25 top articles that caught my attention in 2016. I think they’re worth another read, or a first read in case you missed them. Tags: Resources By: Ham Lord, Managing Director of Launchpad Venture Group and Co-Founder of Seraf-investor.com This post originally appeared on Seraf-investor.com The handyman’s toolbox… whether you use it for small home improvement projects or just minor repairs, no home is complete without a few essential tools. At Seraf, we feel the same way when it comes to investing in early stage companies. You need a good set of tools to do the job right. Sometimes the task at hand is overseeing due diligence on a potential investment. Other times, you need to advise a CEO on how to run a great board meeting. Or maybe you need some guidance on where to look for key data in the investment documents you receive from company counsel. Whatever the task is, we want you to have the right tools to get the job done, so we’ve collected a great set of early stage company checklists and templates for everyone to use as a reference. Bookmark it, link to it, share it and keep your eye on it - we’ll add additional handy tools every so often. Tags: Resources  By: Swati Chaturvedi, Medium/ @propel(x) This blog initially appeared on Dissected by propel(x) blog on Medium. It shows how one angel investor thinks about valuations. Other angels may have different thoughts or calculations, but it is a resource for entrepreneurs to learn about the equity raising process. Putting a value on your visionary idea — you know, the one that’s going to change the world — can be tricky. To you as a founder, your idea is priceless. To investors…not so much. In reality, it’s investors’ job to think about it differently and press down on valuation. Understanding their perspective with regard to valuation will help your fundraising efforts go smoothly and net you the investments you’re after. So, how can startups bridge the gap between the investors’ thought process and theirs? A good place to start is by understanding how angels and VCs think about valuation and their portfolio as a whole. Then, startups should consider some basic data and work backwards to arrive at an implied valuation. Tags: By: Marianne Hudson, ACA Executive Director A few weeks ago I attended a meeting of state securities regulators with leaders of different parts of our securities markets in the US and Canada to compare notes. Not only do I admire the regulators for holding meetings such as this, but I learned a great deal about some of our newest types of securities – equity crowdfunding for everyone and Regulation A (Reg A+ for short). By agreement of all attendees, I can’t share some specifics of who said what, but let me share some of my general takeaways from the NASAA Capital Formation Roundtable about equity crowdfunding:
Tags: Crowdfunding |
