By guest authors Irina Patterson and Candice Arnold Irina: Will your new Independence Equity fund be making seed investments? Michael: It will be the first institution round, so typically it will be series A and series B type investments. Depending on how large the fund gets to be down the road, the size of investments
By guest authors Irina Patterson and Candice Arnold Irina: Could you give us a timeline of your career up to this point? Michael: I graduated from the University of Pennsylvania in 1990. I studied international relations and economics. It was basically an East Asian studies within the international relations. I studied Japanese, and I spoke
By guest authors Irina Patterson and Candice Arnold Larry: Some of other things that we have looked at are mobile technology and that weaves itself into media. So, it’s mobile media. We’ve looked at electronic coupons and location-based services. We look at what is the business problem that you are trying to solve as a
By guest authors Irina Patterson and Candice Arnold Irina: Right. So, if you would single out the most important character trait of a founder, what would it be? Larry: Previous experience in growing a company. That plus passion for what they’re doing. I mean, you’ve got to love what you do.
By guest authors Irina Patterson and Candice Arnold Irina: When you think about valuation, do you have any specific number in mind? Larry: It really depends, because we also have a life science forum and in life science the valuations tend to be a little bigger . But I would say our valuations are probably
By guest authors Irina Patterson and Candice Arnold Irina: Tell us more about your advisory board. Is it an outside board? Larry: Yes, it’s an outside board that I put together and these are people whom I highly respect in the community. One is G.S. Schwartz , a PR firm. Reid Smith attends, Citrin Cooperman,
By guest authors Irina Patterson and Candice Arnold Irina: What would you say are the key points that make Keiretsu Forum stand out from other angel groups? Larry: It’s the breadth of our investors. If a company does well in one chapter, other investors in other chapters also want to see them and possibly invest
By guest authors Irina Patterson and Candice Arnold This is the twentieth interview in our series on financing for entrepreneurs. I am talking to Larry Chaityn, president of New York Tri-State Chapters, the Keiretsu Forum. Irina: Hi, Larry. Let’s start with your background and then go to the point where you got involved with the