By guest authors Irina Patterson and Candice Arnold Irina: What is your source of deal flow? Brian: A good portion of the deals come from the angels themselves because of their contacts. We are on the Angelsoft platform, so there is an enormous amount of deal flow that comes through them as well. New York
By guest authors Irina Patterson and Candice Arnold Brian: At the age of about 28 or 29, I ran into a guy by the name of Regis McKenna, whom many people to this day don’t know. Regis, who wrote The Regis Touch, was the first real marketing strategist in Silicon Valley. He announced Apple computer,
By guest authors Irina Patterson and Candice Arnold This is the forty-seventh interview in our series on financing for entrepreneurs. I am talking to Brian Cohen, vice chairman of New York Angels. The group offers early stage capital in the range of $250,000 to $750,000. Since 1997, the group and members of their predecessor group
By guest authors Irina Patterson and Candice Arnold Saad: The biggest challenge that I see from a venture perspective for me, personally, is how do you scale yourself and your time? Unfortunately, there are only 24 hours in a day and seven days in a week. I can tell you that if I wanted to
By guest authors Irina Patterson and Candice Arnold Saad: Just because a venture guy doesn’t invest in something or rejects something doesn’t make it a bad company. In fact, I would argue that the vast majority of companies that have been created in the world were not venture backed and have been super successful. Having
By guest authors Irina Patterson and Candice Arnold Irina: How do your companies usually exit? Saad: Generally speaking, the vast majority of activity for any venture-backed company has been around acquisitions. IPOs . . . there just haven’t been a lot in the past few years. I think in the Web space in particular, the
By guest authors Irina Patterson and Candice Arnold Saad: We’ve actually invested in a company that’s in the social recruiting space, and we did it three years ago. The company is Jobvite. In the case of Jobvite, the insight we had was look, this build-out of the social graph – and Facebook and LinkedIn and
By guest authors Irina Patterson and Candice Arnold Saad: LiveOps also run a managed service where they have more than 20,000 agents who aren’t employees of the company [but] are contractors who are executing sales and customer support and other things for customers all over the world. What’s interesting about that model and what really