[Note: We’re launching The 1M/1M Incubation Radar with La Grande Dame today and will be featuring many more sub-$1 million revenue companies that we believe can reach the prized $1 million mark. We will be bringing the series to the attention of seed stage investors for those entrepreneurs looking for financing. And we hope it
By guest authors Irina Patterson and Candice Arnold Irina: How many investments have you done in the past 20 months? Well, I guess each member did a different number of investments? Bob: Exactly. I’ve got some numbers at the high level for the group. We average about nine to twelve investments per year as a
By guest authors Irina Patterson and Candice Arnold Irina: And who does the screening? Bob: Pasadena Angel members; they’re actually investors. Our executive director will look at everything that comes in. And, again, if the guy’s in North Carolina – and I’m not trying to pick on North Carolina or North Dakota or North Sasquatch
By guest authors Irina Patterson and Candice Arnold Irina: You’re trying to bring some efficiency to the process, right? Bob: Efficiency is certainly part of it. Effectiveness is another part of it; understanding correlations and causes is another part of it, so yeah, I think all those things go hand in hand. Irina: So, you get
By guest authors Irina Patterson and Candice Arnold Irina: So you have other angel groups in the Los Angeles area? Bob: Yes. There’s Tech Coast Angels and they’re, like I said, a lot like us, but they’ve broken down into chapters so they have a chapter in San Diego, one in L.A., and one in
By guest authors Irina Patterson and Candice Arnold This is the second interview in my series of interviews with angel investors and angel groups. This time I talked to Robert (Bob) Aholt, a vice chairman of the Pasadena Angels based out of Los Angeles. Irina: Hi Bob, tell us briefly about your personal background and
By guest author Tony Scott India’s War For Talent Tony: Do you see talent constraints in India creating a problem for staff outsourcing firms? Alok: In India, I think that outsourcing in general is less likely to become saturated because of the labor cost arbitrage issue, and more because in spite of the fact that
By guest author Irina Patterson Irina: What is the single most important thing that angel-backed founders can do to increase their chances of success? Nicola: The important question they have to ask is, Do I really live this product, do I really want to build this company? Is it everything to me? That passion can’t