categories
HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
angel investors
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 8)
By guest authors Irina Patterson and Candice Arnold Alan: In our valuation, we generally ignore almost all the analytical things like discounted cash flows and those types of approaches and simply look at exit – and our expectation of exit is never accurate, of course – to try and figure what kind of internal rate
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 7)
By guest authors Irina Patterson and Candice Arnold Irina: What’s the average dollar amount you invest? Alan: Normally, the average is about $500,000 that we’ll invest initially in every company. It may be a little less, maybe a little above. The largest initial investment we ever made was about $750,000. But it normally hovers around
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 6)
By guest authors Irina Patterson and Candice Arnold Alan: That would be followed closely by the competitive advantage that the company has, particularly if it’s a sustainable competitive advantage, that would allow them to attack the market. The stage of the company’s development . . . we generally do not look very seriously at pre-revenue
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 5)
By guest authors Irina Patterson and Candice Arnold Alan: Another aspect – and this may be more personal to me than it is to Springboard as an organization – is that one of the other major challenges for angel organizations is communicating with entrepreneurs. When you see as many deals as we do here –
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 4)
By guest authors Irina Patterson and Candice Arnold Irina: You mentioned AngelSoft. How do you use AngelSoft? Alan: Very sparingly. We’ll probably cease using it at the end of this year. We’re not particularly fans of proprietary software. We deal with a tremendous amount of confidential information. We use it because a lot of the
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 3)
By guest authors Irina Patterson and Candice Arnold Irina: Could you talk a little bit about venture firms in Florida? Alan: For the venture firms that work in Florida, that invest in Florida, that means they may be domiciled in the state, but there are also others such as Intersouth, Aurora, and Noro-Moseley that are
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 2)
By guest authors Irina Patterson and Candice Arnold Irina: Those angels, are they all based in and around Jacksonville? Alan: Generally so. I say generally because there are some outliers. We’ve got some people from Savannah, we’ve got some people in Tampa and that area, but generally, in the first two funds that we built
Seed Capital From Angel Investors: Alan Rossiter, Vice Chairman, Springboard Capital (Part 1)
By guest authors Irina Patterson and Candice Arnold This is the thirteenth interview in our series on financing for entrepreneurs. I am talking to Alan Rossiter, vice chairman of Springboard Capital, an early-stage private equity fund in Jacksonville, Florida. Irina: Hi, Alan. Could you please start with your own background? Alan: In the recent past,
