13. How to meet investors
1. Leverage your personal network
2. Go where the investors are - bars, coffee shops, events, Capital Factory
3. Follow them on Twitter
4. Create an AngelList profile (and email it to me)
5. Post to Austin Angel Investors Facebook group
6. Office Hours with CTAN
7. Epic Office Hours at Capital Factory
8. Apply for an Accelerator
9. Participate in pitch events and competitions
15. Startup Lawyers
• KHGR Evan Kastner
• Jones-Spross Brian Spross
• Wilson Sonsini (WSGR) Brian Beard & Paul Tobias
• Andrews-Kurth Matt Lyons
• DLA Piper Paul Hurdlow
• Sprinkle Law Steve Sprinkle (IP)
• Jose Ancer
16. venture capital
• Silverton Partners @Jon_Bassett, Morgan Flager
• Live Oak Venture Partners @VShamapant (Venu)
• Mercury Fund @TexasVC (Aziz Gilani) @NedHill
• S3 Ventures (enterprise + health) @RajivBala
• Sante Ventures (biotech) Kevin Lalande
• Offset Ventures Chris Pacitti (Austin Ventures)
18. Angel investors
• Capital Factory Fund @JoshuaBaer @MelliePrice @AndrewBusey
• ATXSeed Chris Shonk
• Individual Angels @RossInAustin (Ross Buhrdorf) @BazaarBrett
(Brett Hurt) @maharg (Dan Graham) @seats (Jason Seats)
@AmericanCEO (Joel Trammell) @DeepEddyCEO (Clayton Christopher),
Rony Kahan, Joe Liemandt, Tom Meredith
19. • One of the most active angel groups in the country
• Not just tech
• Quarterly application cycle
• Monthly office hours
• Rick Timmins is the Chairman (and CF Mentor)
• Claire England is the new Executive Director
23. office Hours
• Think of this as speed dating
• Don’t expect them to commit on the first date
• Research their background beforehand
• Professional on LinkedIn
• Investments on AngelList
• Personality on Twitter and Facebook
• Ask for a followup meeting to show progress
24. Accelerators
• Austin Technology Incubator (UT affiliated) @ATI_UT
• Bunker (veterans) @TheBunkerAustin
• Capital Factory (tech) @CapitalFactory @JoshuaBaer
• International Accelerator @IntlAccelerator
• Longhorn Startup Lab (UT Austin students) @LonghornStartup
• SKU (consumer packaged goods) @SKUatx (formerly Incubation Station)
• SXSW Accelerator
• Techstars (tech) @Techstars @Seats
• Medical Innovation Labs (medical devices)
• Unltd USA (social good) @UnLtdUSA
Intro to Austin Accelerators 2nd Tuesday of each month at 4pm
25. Pitch Events
• Texas Venture Labs Investment
Competition (February)
• SXSW Accelerator (March)
• Capital Factory Demo Day at
SXSW (March)
• Techstars Demo Day (June
2015?)
• Global Venture Labs Investment
Competition (May)
• Capital Factory Demo Day at
Startup Week (October)
• Innotech Beta Summit (October)
• SKU Demo Day
• ATI Clean Tech & Wireless
Forums
• CTAN Presentation Day (5x)
• House of Genius
26. Blogs
• Paul Graham - How to Raise Money
paulgraham.com/fr.html
• VentureHacks
venturehacks.com/archives
• Wealthfront - VC Economics
blog.wealthfront.com/venture-capital-economics/
• Brett Hurt - Lucky7
lucky7.io
• Gordon Daugherty - Shockwave
shockwaveinnovations.com
• Kip McClanahan - ReOverthinking
reoverthinking.com
• José Ancer - Silicon Hills Law
siliconhillslawyer.com
• Joshua Baer - Austinpreneur
austinpreneur.com
27.
28. capital factory
Austin’s Center of Gravity for Entrepreneurs
Last year 32,000 entrepreneurs, programmers
and designers gathered day and night for
meetups, classes and coworking.
Entrepreneurs come to Capital Factory to
Hone skills meetups and hackathons
Find a co-founder
Build a Minimum Viable Product
Meet angel investors and VCs
Find lighthouse customers
Keep costs low
Grow your team
50. VIP Guests
• Bram Cohen, founder of BitTorrent
• Michael Dell, founder of Dell
• Richard Garriott, founder of Ultima Online
• Bob Metcalfe, inventor of Ethernet
• Alexis Ohanian, founder of Reddit
• Peter Thiel, founder of Paypal
• Slash, Guns & Roses
• Stephen Wolfram, founder of Mathematica
51. Accelerator
• Introductions to angel investors, mentors, customers,
strategic partners, employees
• First priority on offices and desks at Capital Factory
• Access to $50,000+ in matching funds
from Capital Factory, Silverton, FLOODGATE and our
AngelList Syndicate
57. Apply online
• Coworking
http://capitalfactory.com/join
• Accelerator
http://angel.co/capitalfactory/apply
• Back the Syndicate
http://angel.co/capitalfactory/syndicate
58. equity or
Convertible note?
• Most companies begin with a convertible note and then do
a priced round (then repeat)
• Convertible notes are entrepreneur-friendly
• Only do a priced round with an experienced investor to
lead and set the price
• SAFE docs
59. Valuation
• Average is $3m
• On a note, think of the cap as the valuation
• Higher because of traction or track record - up to $8m
• Higher because it is capital intensive
• If you have to justify it, then it’s too high
• Bigger is not always better
60. time
• Usually takes 6-12 months
• Really fast is 2-3 months
• If only 2-3 investors can happen in 1 month
• Sometimes drags out over 18 months
• Entrepreneurs usually think it’s going to happen faster
63. if you found
this helpful
Please help
someone else
http://atxstartupscene.com
64. ask me anything
• Angel Investors
• Venture Capital
• Incubators/Accelerators
• Banks
• Lawyers
• Dev Shops
• Associations
• Hack-a-thons
• Finding a Co-Founder
• Blogs
• Hardware
• Women in Tech
• Capital Factory
• Where do investors
hang out?
65. Entrepreneur training
• ATI SEAL
• Rice Alliance Entrepreneur’s Workshop
• Tech Ranch VentureForth
• General Assembly
• IronYard
• MakerSquare
66. Banks
• Chase Jonathan Lee, chase.com
• Silicon Valley Bank Jonathan Miller
• Square 1 Bank
• Comerica