By guest authors Irina Patterson and Candice Arnold Brian: Our general thesis is that there are very few companies that are going to generate value north of $200 million. Most companies are being acquired in the $20 million to $60 million range, and there are great returns to be had there if you’re invested early
By guest authors Irina Patterson and Candice Arnold Chris: Our deal flow seems to be great – as good as or better than we anticipated. As long as we can continue to get good deal flow and increase the number of angels, and there’s good financing [being arranged], the entrepreneurs realize this is an active
By guest authors Irina Patterson and Candice Arnold Irina: How does Open Angel Forum work? Brian: Jason Calacanis put together a new platform for entrepreneurs to pitch a group of angels without paying to get in front of the them. He was upset by some of the pay-to-present angel networks that had popped up. So,
By guest authors Irina Patterson and Candice Arnold Brian: If we could, we’d try to connect the dots and put people in touch with the right partnerships and resources to help them with their businesses. There’s just a finite amount of time. We’ve got a lot on our plate. It’s tough to do. But there’s
By guest authors Irina Patterson and Candice Arnold Irina: If a company is out of Washington state, could they still reach out to you? Chris: It’s possible. We’ve worked with some companies from British Columbia and from Oregon, for example. Typically, these companies are either looking to establish a Washington base or have already established
By guest authors Irina Patterson and Candice Arnold Chris: Another major difference of the WINGS network is all of our angels come from a medical tech, devices, or biotech background. So, they’re not afraid of and they understand the regulatory challenges. One of the challenges we had with some local angels is that a lot
By guest authors Irina Patterson and Candice Arnold Brian: We’ve shared a lot of our interesting deals with the super angel or micro cap funds up in Silicon Valley and New York. We’ve been able to get them to co-invest with us on Southern California opportunities because I think they trust us and know that
By guest authors Irina Patterson and Candice Arnold This is the forty-second interview in our series on financing for entrepreneurs. I am talking to Chris Rivera, co-founder of WINGS, the Washington Medical Technology Angel Network. Based in Seattle, the group invests in medical devices, diagnostics and healthcare IT, primarily in the state of Washington and