By guest authors Irina Patterson and Candice Arnold Irina: Do you charge a fee for entrepreneurs to present? Corey: We do not. We charge no fee. In fact, not only do we not charge a fee for presentation, but we give free coaching services, for which most angel groups that have some kind of coaching
By guest authors Irina Patterson and Candice Arnold Irina: What do you do with the deals that you decide not to invest in? Corey: I’d say a slim majority of them don’t end up qualifying for our group’s interest. I’d say it’s accurate that less than half of the deals that my brother and I
By guest authors Irina Patterson and Candice Arnold Irina: Do you ever invest in deals that can go on generating dividends? Corey: Yes. As a matter of fact, we’re looking at a deal right now. We haven’t invested in them yet, but we’re at the stage of negotiating terms. We’re just entering that stage. And
By guest authors Irina Patterson and Candice Arnold Irina: Do you pay attention to the total available market (TAM)? Corey: Absolutely. That’s a huge factor, the size of the market. And how accurate we think the entrepreneurs are [in calculating it]. Irina: Do you have a benchmark for what size the market should be? Corey:
By guest authors Irina Patterson and Candice Arnold Irina: What is the typical return that RVI investors seek? Corey: Like all angel groups, we’re always looking for 5 times and 10 times. We’ve had two exits so far, and both were profitable. I believe it was in the 33% area. I don’t remember the exact
By guest authors Irina Patterson and Candice Arnold Irina: How many investments have you made in the past 12 months? Corey: Good question. I would say in the past 12 months, we’ve probably done maybe four deals, maybe five. I think there was a follow-on round with one of our portfolio companies. Irina: Do you
By guest authors Irina Patterson and Candice Arnold Corey: And from all the quality deals, on a weekly basis, we sit down and go all right, this deal’s from this space, who knows that?, and this deal is from this area, who would be good for that? And we target the members whom we think
By guest authors Irina Patterson and Candice Arnold Irina: How do you swap deals with other angel groups? By e-mail? Corey: That was how it was done years ago, and it’s still done that way, sometimes but there’s a Web platform called AngelSoft, and that makes it really easy. There are features right inside AngelSoft,