By guest authors Irina Patterson and Candice Arnold Irina: How do the angels gain access to the deals that are received? Anu: Everything is done through Angelsoft. I think we were one of the first users of Angelsoft. Most angel groups use it. Irina: What do you like about Angelsoft? Is there any fees? Anu:
By guest authors Irina Patterson and Candice Arnold Anu: Around 2006–2007, I ended up starting another company called 411Sync, which was doing mobile search. It did OK, but it didn’t go anywhere. And then I spent a year and a half trying different things. Now I’ve been on my new company since May 2008. It’s
By guest authors Irina Patterson and Candice Arnold Irina: In the past 12 months, how many investments have you made? Michael: In 2009, we made seven investments. So far, in 2010, we’ve made three. Two of those three were in companies that were in our portfolio. They came back sort of as an extension of
By guest authors Irina Patterson and Candice Arnold Irina: You get about 300 a year. How many deserve a closer look? Michael: It all depends. What we have is a multi-step screening process. We have five screening meetings a year and five investment meetings a year. We basically stagger it. One month we’ll have a
By guest authors Irina Patterson and Candice Arnold This is the fortieth interview in our series on financing for entrepreneurs. I am talking to Anurag (Anu) Nigam, president of Sand Hill Angels, which is an angel investing group in Silicon Valley with more than 60 members. Anu is also the founder and CEO of BuzzBox,
By guest authors Irina Patterson and Candice Arnold Irina: Do you serve on the boards of any of the companies you invested in? Christina: No, I don’t. I do serve on some advisory boards, but those aren’t the companies that I have invested in. Irina: What do you think entrepreneurs could do better? Christina: Going
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