By guest authors Irina Patterson and Candice Arnold Irina: What else could angels do to improve their chances of success? Chenoa: My opinion is that every angel has something to bring to the party, and if they focus some energy and some of their own resources – not just money – with the companies, then
By guest authors Irina Patterson and Candice Arnold Irina: Do you plan your exit strategies? Chenoa: We’re trying to be a little more aggressive about planning and trying to bring more M&A activity into the state. It’s hard; because we’re so isolated, the M&A activity is very slow. That’s something that we’re working on as
By guest authors Irina Patterson and Candice Arnold Irina: Do you have any sector preferences? Chenoa: Not really. We have done a lot of investing in technology, high tech. There’s a state definition here because we had a tax credit program in place for many years that defined high-tech business. So, because of the tax
By guest authors Irina Patterson and Candice Arnold Irina: How do you conduct your due diligence? Chenoa: We are always pretty clear that due diligence is the responsibility of the individual members. We do not take it upon ourselves as a club to do due diligence for [them]. But we do facilitate the process. So,
By guest authors Irina Patterson and Candice Arnold This is the thirty-third interview in our series on financing for entrepreneurs. I am talking to Chenoa Farnsworth, executive director of Hawaii Angels, a non-profit organization of about 80 angel investors that has chapters on Maui, Oahu, and the Big Island. Irina: Hi, Chenoa. Let’s start briefly