By guest authors Irina Patterson and Candice Arnold Irina: Do you have any particular industry focus? Corey: I know a lot of angel groups are focused, if not on one industry, then maybe on just two or three, because their membership pool is really drawn from those space. In Boston, that’s often the case. The
By guest authors Irina Patterson and Candice Arnold Corey: That’s how it went from there, and it developed. I worked part time for my brother for a couple of years, and then I ended up moving out to western Massachusetts to work full time for him. We were doing consulting work for entrepreneurs. We learned
By guest authors Irina Patterson and Candice Arnold This is the sixth interview in our series on seed financing and angel investing. Corey Silva dropped into the angel universe by chance after being a serious rock n’ roll musician in his early days; he has written over 120 original songs. As fate would have it,
By guest authors Irina Patterson and Candice Arnold Irina: You do track your returns internally, right? And it’s about 20%? Randy: That study was done to the end of 2007. We founded it in September 2000, so it was a seven-year study. The next study is being done right now, and that study will be
By guest authors Irina Patterson and Candice Arnold Irina: Do you have any advice for angel-backed companies? What should they do to increase their chances of success? Randy: Number one, they need to truly integrate and meet the members of the forums that they may be going to and in their markets they know of.
By guest authors Irina Patterson and Candice Arnold Irina: What level of experience do you require entrepreneurs to have? Is that important? Randy: Yes, we really do like experience, as I alluded to earlier. We like the management team to have past experience. Generally, if they have revenue associated with their company when they come
By guest authors Irina Patterson and Candice Arnold Irina: How much of a company’s equity do you usually seek? Randy: It’s usually about 25% of the company is being given out in the form of equity for our capital. Irina: What’s the typical return you seek and over what period of time?
By guest authors Irina Patterson and Candice Arnold Randy: Speaking of exits, one of the reasons why we’re growing internationally is because we really want to look at other indexes. We want to look at other exits past, above, and beyond NASDAQ and our indexes here. For instance, we went on a small IPO at