By guest authors Irina Patterson and Candice Arnold Irina: What is your source of deal flow? Brian: A good portion of the deals come from the angels themselves because of their contacts. We are on the Angelsoft platform, so there is an enormous amount of deal flow that comes through them as well. New York
By guest authors Irina Patterson and Candice Arnold Irina: How long do you usually prefer to hold a company in your investment portfolio? Kiki: We’d like to hold it five years or less, but the market now is more of an eight-year hold. Depending on the product, some of these are being acquired much earlier.
By guest authors Irina Patterson and Candice Arnold Irina: How many deals have you funded since inception in 2006? Kiki: On our website, it says over $3 million in 18 companies. But this year, our total investment year to date is $926,000 in seven deals, and that’s in 11 months. Well, it’s 10 months, because
By guest authors Irina Patterson and Candice Arnold Irina: Do you think about the return you would like to have over a certain period? Anu: We’re different from a VC firm in that we don’t have IRR [internal return on investment], and we don’t have LPs [limited partners]. It’s our own money.
By guest authors Irina Patterson and Candice Arnold Irina: How do the angels gain access to the deals that are received? Anu: Everything is done through Angelsoft. I think we were one of the first users of Angelsoft. Most angel groups use it. Irina: What do you like about Angelsoft? Is there any fees? Anu:
By guest authors Irina Patterson and Candice Arnold Eric: We start each monthly meeting with an hour discussion of the 8 to 10 applicants, and everyone has a little anonymous voting machine and we vote on which two we want to present at our next meeting. Once we’ve selected the two to present – and
By guest authors Irina Patterson and Candice Arnold Irina: Is this, managing the fund, your full-time job? Eric: Yes, it is. And a lot of it is to facilitate the selection of companies that present and also to make sure that the due diligence gets done thoroughly and well and politely in a way that
By guest authors Irina Patterson and Candice Arnold Irina: Could you elaborate on your deal flow? Kindra: Deal flow comes from a combination of reputation, member networks, and partnerships with local ecosystems, meaning other groups that are focused on entrepreneurship, especially women-oriented groups. Our companies themselves are a terrific source of deal flow. We focus