By guest authors Irina Patterson and Candice Arnold Irina: So, what do you think is the most important thing that angel-backed founders should do to increase their chances of success? Paul: From our perspective, if Wider Wake, being an angel group, has backed a team of founders, the best thing they can do is engage
We launched The 1M/1M Incubation Radar with La Grande Dame and will be featuring many more sub-$1 million revenue companies that we believe can reach the prized $1 million mark. We will be bringing the series to the attention of seed-stage investors for those entrepreneurs looking for financing. And we hope it will help you
By guest author Tony Scott Deep Customer Relationships Tony: Do you typically have ongoing relationships with your customers? For example, do they tell you: “We are going be building this product, and these are the overall definitions wand features we would offer if we could, and we’d like to work with you on this over
SM: That does not sound like a long-term sustainable operation. MC: It was exhausting, but it worked enough to prove the concept. After we had been doing that for about nine weeks, I missed the 9 a.m. Monday deadline. I had already pulled several all-nighters that week, including that Sunday night, and I could not
By guest authors Irina Patterson and Candice Arnold Irina: Any interesting stories about the companies you invested in? Paul: Back to appssavvy, they’re really a case study deal for us. That’s exactly the way in which we like to work. Steve: appssavvy started out with an idea when Facebook opened its platform to third-party developers.
By guest authors Irina Patterson and Candice Arnold Irina: Do you invest in teams straight out of school, or do you require previous business experience? If only with experience, what level of experience do you require? Paul: We much prefer teams with experience, but that experience doesn’t need to be at a certain level of
By guest authors Irina Patterson and Candice Arnold Irina: Is there anything your group does differently from others in valuing a company? Paul: As we’re all successful entrepreneurs ourselves, we’ve been on that side of the table. We understand motivation and what a poor capitalization structure can do to motivation. For example, just because an
By guest author Jim Heinzman [A few weeks ago, I wrote a Forbes column titled Financial Reform: Legal Vs. Right in which I discussed the interrogation of Goldman Sachs executives by members of Congress following the SEC’s lawsuit against the firm and argued that even if not guilty in a legal sense, Goldman and its