Thursday, June 06, 2013
Exits - Important for Entrepreneurs, Angels, and Angel Groups
I had the pleasure of listening to Frank Peters interview Liz Marchi, coordinator of the Frontier Angel Fund in Montana, last weekend. The podcast interview was fun, as Frontier Angels had two exits in late 2012 – great for the entrepreneurs, investors, and the angel group itself. Or as Liz puts it “everyone understands the ‘do good’ part of
angel investing, but it is great to ‘do well’ so I can invest again… It’s really fun to put capital in to build companies.”
These two exits came at a great time for Liz and her colleagues. The first fund is 90 percent invested, keeping some dry powder for follow-on investment in some of the other 12 companies in the fund’s portfolio, and it was time to begin raising a second fund. To say that these exits will help in attracting investors to the new fund is an understatement.
If you have an exit or great investment to share with ACA's members and other readers, please send them to me or Sarah Dickey. It is important to celebrate!
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