Seed Capital From Angel Investors: Mike Maples, Founder And Managing Partner, Floodgate (Part 9)

By guest authors Irina Patterson and Candice Arnold Irina: How many deals do you think you’ll be making over the next 12 months? Mike: We’ll probably do somewhere between ten and fifteen investments. Irina: How much do you anticipate you will invest per deal? Mike: That’s good question. Typically, we invest between $250,000 and $1

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Built To Enjoy: Andrew Fox’s 100% Owned $30M ClubPlanet (Part 3)

SM: What was the next major evolution in the business? AF: Guest lists were very hard to quantify. The nightlife business is very fragmented, and is very much a vanity business for a lot of people. The mechanism of the guest list was an honor system.

Entrepreneurship Education: Are You Ready For Funding?

One thing we’re hearing continually from angel investors – mind you, angel investors, not VCs – is that entrepreneurs approach them too early and without adequate preparation. Folks, you cannot (and should not) do this. Once you get rejected by one investor, you will not be able to go back to that same investor anytime

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Entrepreneurship Education: Who Is the Right Seed Investor For You?

I am sure many of you are reading 1M/1M Ambassador Irina Patterson’s Seed Capital series where she’s interviewing seed investors from various walks of life, and with a diverse set of perspectives. Whereas Mike Maples is interested in the top 15 deals in Silicon Valley each year, Basil Peters likes to invest in businesses that

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Seed Capital From Angel Investors: Mike Maples, Founder And Managing Partner, Floodgate (Part 8)

By guest authors Irina Patterson and Candice Arnold Irina: How do you conduct your due diligence? Mike: That’s the hard part because Ann and I are little bit emotional in our investing styles. We believe that the greatest outcomes tend to be controversial when they’re funded. For example, Twitter was very controversial when it was

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Seed Capital From Angel Investors: Mike Maples, Founder And Managing Partner, Floodgate (Part 7)

By guest authors Irina Patterson and Candice Arnold Irina: Are there any other meetings that you have for entrepreneurs? Mike: Sometimes we’ll introduce the entrepreneur to other people in our network, both to try to help the entrepreneur but also to assess the opportunity. But for the most part, if the phone call goes really

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Built To Enjoy: Andrew Fox’s 100% Owned $30M ClubPlanet (Part 2)

SM: How did you actually get ClubPlanet going? You were working on it on the side, so did you just leave once you had enough revenue to support your cost of living? AF: My philosophy at that time was that when other people were sleeping I would be working, when they were on vacation I

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