A few of you have asked me about that secret, stealth startup I wrote about wanting to “commission”. Commission is probably the wrong phrase. It’s more like a sperm donation. I wanted to play a role at the conception, do none of the hard work, but still consider myself family. And I’m happy to say FutureEngine is not only born, it’s already crawling and will soon enough be running around full speed.
I don’t want to talk too much about … Read More
Anyone who regularly reads this column knows I love AngelList. It’s the matchmaker service between promising startups and early stage investors which has revolutionized angel and maybe even VC investing. There has been a slew of recent articles on AL, including good ones from Venture Hacks, Venture Beat, and BostInnovation. But while there are a few guides on how to hack AngelList from a startup’s point of view, almost nothing exists for angels looking to get … Read More
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
This post will replay some of my thought process prior to investing in CardMunch. I’ll attempt to discuss not just the standard checklist features (“Is beta built?” “How much revenue?”) but also the intangibles that led me to jump in.
At startup presentations, I initially have interest in probably 1 in 4 deals, but in most cases any infatuation goes away after a little due diligence on the team and market. In the end, the actual hit ratio ends … Read More