Seed Capital From Angel Investors: Dick Reeves, Executive Director, Huntsville Angel Network (Part 5)

By guest authors Irina Patterson and Candice Arnold Irina: You were telling me about two companies in your portfolio that failed, and you lost about $1 million combined on both of them. What were the reasons for their failure? Dick: Both failed for the same reason. They failed for factors that were outside of their

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 5)

By guest author Irina Patterson Irina: What do you do when you get incomplete business teams? Ray: We go in there and help. I especially love to work together with the entrepreneurs. We do what they don’t want to do or what they don’t know that they need to do.

Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 4)

By guest author Irina Patterson Irina: What is a typical valuation of a company when you are investing? Ray: We don’t touch anything more than $4 million. Irina: Do you think in terms of equity, and how much equity do you usually seek? Ray: In terms of equity, it depends. We don’t have the percentage

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Seed Capital From Angel Investors: Dick Reeves, Executive Director, Huntsville Angel Network (Part 4)

By guest authors Irina Patterson and Candice Arnold Irina: What do you do for companies that you decide not to invest in? Dick: We make contacts for them. That’s probably the biggest thing we can do for them – help them understand what they need to do to make them more eligible [for funding] or

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Seed Capital From Angel Investors: Dick Reeves, Executive Director, Huntsville Angel Network (Part 3)

By guest authors Irina Patterson and Candice Arnold Irina: At what stage of a business’s development do you prefer to invest? Dick: Really, anywhere from what I would call pre-seed to developmental. We’ve even invested in one expansion-stage company. Irina: How about if somebody comes with an idea on paper? Dick: No. But we have

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 3)

By guest author Irina Patterson Irina: Let me ask you, are there any charges to entrepreneurs at any stage as they are going through the process of presenting to TCA? Ray: No, we don’t believe in charging because we see them as our customers; they are our partners. I don’t think its right to charge

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1Mby1M Incubation Radar 2010: InnovizeTech

By guest author Praveen Kumar InnovizeTech is the creator of Sapience, a patent-pending software product to measure and analyze the effort and productivity of an enterprise. The product helps organizations that use computers to deliver their services and products by measuring the exact effort needed, improves estimates of effort needed for future products, and identifies

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 2)

By guest author Irina Patterson Irina: What are your current sources of deal flow? Ray: It’s an interesting question. About three months ago we actually redid our website, making it more entrepreneur-friendly, so that people can just apply with a very simple application. On top of that, I designed a new marketing program. In the

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