By guest authors Irina Patterson and Candice Arnold Irina: What is your educational background? Eric: I have a bachelor’s of science from Brown University. I sold scientific instrumentation for number of years out of college, and then I went back to Dartmouth for an MBA. I graduated in 1980 and came out to work for
By guest authors Irina Patterson and Candice Arnold Irina: In your work as an angel investor, what are your daily challenges? Venktesh: Well, there’s one company that I really like, and they have a technology which they claim is breakthrough. In concept on paper it looks great, but all the people and all the big
By guest authors Irina Patterson and Candice Arnold Eric: We start each monthly meeting with an hour discussion of the 8 to 10 applicants, and everyone has a little anonymous voting machine and we vote on which two we want to present at our next meeting. Once we’ve selected the two to present – and
By guest authors Irina Patterson and Candice Arnold Irina: Would you consider investing in a $20 million niche market? Venktesh: Yes. If it’s a $20 million market and somebody owns a decent chunk of the company and the valuation is, within two years of investing in it, let’s say, $4 million. The company gets acquired
By guest authors Irina Patterson and Candice Arnold Irina: Is this, managing the fund, your full-time job? Eric: Yes, it is. And a lot of it is to facilitate the selection of companies that present and also to make sure that the due diligence gets done thoroughly and well and politely in a way that
By guest authors Irina Patterson and Candice Arnold This is the thirty-sixth interview in our series on financing for entrepreneurs. I am talking to Eric Pozzo, fund manager at the Oregon Angel Fund. It is a professionally managed, investor-driven angel organization that launches a new $3 million fund each spring and invests in companies in
By guest authors Irina Patterson and Candice Arnold Irina: How many proposals do you receive per month? Venktesh: It’s hard to tell, but so far I think we have received 60 to 70 proposals over the past three months. Irina: Out of those, how many deserved a closer look? Venktesh: Well, what we do is
By guest authors Irina Patterson and Candice Arnold Irina: What do you think angel investors could do to increase their chances of success? Kindra: It is obviously a risky investment strategy, so the most important thing is to build a portfolio. You can’t just pick one or two or three companies because there are so