32. Angels and VCs: What’s the difference?
Amount of money
invested per deal.
33. Angels and VCs: What’s the difference?
WHERE probably matters more.
34. Angels and VCs: What’s the difference?
Some have never even entered the tournament.
35. Angels and VCs: What’s the difference?
They may be coming from very different places.
36. Angels and VCs: What’s the difference?
“Why do you do angel investing?”
“Mental exercise”
“Giving back”
“Being a part of something”
“Improving the ecosystem”
“I enjoy being a mentor”
oh, and sure...
“Making money”
37. What do angel investors look for?
★Potential for a large return.
★Great entrepreneurs.
★Strong business plan.
★Exit strategy.
★Go to market strategy.
★Unfair competitive advantage.
★Good valuation.
★Strong advisors/co-investors.
★External validation.
★Scalable business model.
★Low capital needs.
38. What do angel investors look for?
★Potential for a large return.
★Great entrepreneurs.
★Strong business plan.
★Exit strategy.
★Go to market strategy.
★Unfair competitive advantage.
★Good valuation.
★Strong advisors/co-investors.
★External validation.
★Scalable business model.
★Low capital needs.
41. Great Entrepreneurs
★“There are three
things I look for as an
early stage investor”
★The team
★The team, and
finally
★The team.
42. What do angel investors look for?
★Potential for a large return.
★Great entrepreneurs.
★Strong business plan.
★Exit strategy.
Blah, blah, blah.
★Go to market strategy.
★Unfair competitive advantage.
★Good valuation.
★Strong advisors/co-investors.
★External validation.
★Scalable business model.
★Low capital needs.
I’m going to take a different approach.
43. What do angel investors look for?
Resources:
http://bit.ly/cohensingapore
44. What is the RIGHT way
to approach angel investors?
45. Remember the motivations
“Why do you do angel investing?”
“Mental exercise”
“Giving back”
“Being a part of something”
“Improving the ecosystem”
“I enjoy being a mentor”
oh, and sure...
“Making money”
46. How to approach angel investors
If you want money, ask for advice.
If you want advice, ask for money.
50. How to approach angel investors
Recognize that it is a relationship.
Corollary: Never ask for money in the
first meeting. Probably not in the
second or third meeting either.
51. How to approach angel investor
What is the goal of a first meeting?
52. How to approach angel investor
What is the goal of a first meeting?
The get a second meeting.
55. How to approach angel investor
Remember the motivations.
Angel investors generally invest
because they develop a
meaningful relationship
with the entrepreneur.