9 Point Checklist Before Investing in an Angel (or VC) Fund

In the last post, I discussed how commingled funds, whether they be managed by micro-VCs, leading angels, or traditional venture capital funds, can be an important component in an early stage investor’s overall strategy. This is especially for those who otherwise can’t assemble a diversified portfolio. In this post, I’m going to talk about 9 areas I think are most relevant to look at before investing in a startup fund. They are:

1)     The Manager’s Background /Reputation

2)     Prior … Read More

My Next 8 Months of Angel Investing: One Fund and a Half Dozen Startups

OK, the title of this post has ensured that I’ve gone and blown any shreds of suspense. But I’m writing this to get feedback from all of you, so feel free to pick apart my logic.

Angel investing itself is 100% bottom-up, i.e., picking the right companies. However, in order to figure out how much I have to spend, I need to think top-down, or macro.  I start by figuring out how much is a proper amount to go into … Read More

The Perfect Angel Group

Recently an angel group surveyed members on how to improve its meetings. If I could start a group from scratch, here’s what I would try to do.

People:  I like having some minimum responsibilities for members.  I suggest a minimum number of investments or investment dollars per annum; a minimum number of meetings made–say 40%- and a minimum requirement to bring 1 or more guests who can become members or otherwise add value to 2 meetings a year. The … Read More