By guest authors Irina Patterson and Candice Arnold Irina: So, what do you think is the most important thing that angel-backed founders should do to increase their chances of success? Paul: From our perspective, if Wider Wake, being an angel group, has backed a team of founders, the best thing they can do is engage
By guest authors Irina Patterson and Candice Arnold Irina: Any interesting stories about the companies you invested in? Paul: Back to appssavvy, they’re really a case study deal for us. That’s exactly the way in which we like to work. Steve: appssavvy started out with an idea when Facebook opened its platform to third-party developers.
By guest authors Irina Patterson and Candice Arnold Irina: Do you invest in teams straight out of school, or do you require previous business experience? If only with experience, what level of experience do you require? Paul: We much prefer teams with experience, but that experience doesn’t need to be at a certain level of
By guest authors Irina Patterson and Candice Arnold Irina: Is there anything your group does differently from others in valuing a company? Paul: As we’re all successful entrepreneurs ourselves, we’ve been on that side of the table. We understand motivation and what a poor capitalization structure can do to motivation. For example, just because an
By guest authors Irina Patterson and Candice Arnold Irina: How many investments have you made in the past 12 months? Paul: Four. It’s probably a reflection of the fact that we’re a group of individuals who invest together, not a fund. When we set it out from when we knew the numbers we were aiming
By guest authors Irina Patterson and Candice Arnold Irina: So, appssavvy is one of Wider Wake deals? Paul: Yes, appssavvy is one our deals; KlipSmart is the company that we built years ago [before Wider Wake] . . . Smartclip is a company within Thomas Falk’s (one of our cofounders) empire, and that’s a video ad
By guest authors Irina Patterson and Candice Arnold Irina: So, right now you have about 20 members in Wider Wake. How do you prescreen for your membership? Paul: The membership criteria are quite tight, actually. All of the founding members have very applicable experience in digital media advertising. And that’s also reflected in the regular
By guest authors Irina Patterson and Candice Arnold This is the third interview in our series on seed financing and angel investing. Today we are talking to Paul Olliver, cofounder and CEO of Wider Wake Networks, Inc. and Steve Stratz, Wider Wake spokesperson. Wider Wake is headquartered in New York City, its member network is