By guest authors Irina Patterson and Candice Arnold Irina: What do you with those businesses that your fund rejects, if anything? Basil: I try and help everybody in some way. My personal goal, which I don’t always achieve, but when things are working the way I want them to, I always want to leave every
By guest authors Irina Patterson and Candice Arnold Irina: Do teams have to have prior business experience? Basil: I don’t require that. I don’t think it’s a good filter, because if you look at the track record of entrepreneurs, there’s very little correlation between whether it’s their first venture or their third or fourth or
By guest authors Irina Patterson and Candice Arnold Irina: When you invest, what is your average dollar amount? Basil: That varies. It varies a lot. I can invest anything from $10,000 to $500,000 in one deal. Irina: How many companies do you have in your portfolio right now? Basil: Seven.
By guest authors Irina Patterson and Candice Arnold Irina: If entrepreneurs want to seek funding from you, what would be the proper way for them to do it? Basil: I probably get asked this question three or four times a week. What I’ve done is I wrote a page on my blog called How to
By guest authors Irina Patterson and Candice Arnold Irina: What are your current sources of deal flow? Basil: Most of the things that I find investment worthy, I’m seeing at an angel meeting. What’s best for entrepreneurs, I think, is to present at group meetings. It’s a much more efficient way for entrepreneurs to meet
By guest authors Irina Patterson and Candice Arnold Basil: I appreciated, after doing investing for a while, that the venture capital stage in the process was no longer necessary in well over 99% of tech companies. I sold my stake in the venture fund that I had cofounded and instead launched what would most commonly
By guest authors Irina Patterson and Candice Arnold This is the eleventh interview in our series on financing for entrepreneurs. I am talking to Basil Peters, an angel investor with a passion for exit transactions who has been founding, financing, growing, and selling technology companies for over two decades. Based in Vancouver, British Columbia, Basil