By guest author Irina Patterson Irina: What is a typical valuation of a company when you are investing? Ray: We don’t touch anything more than $4 million. Irina: Do you think in terms of equity, and how much equity do you usually seek? Ray: In terms of equity, it depends. We don’t have the percentage
By guest author Irina Patterson Irina: Let me ask you, are there any charges to entrepreneurs at any stage as they are going through the process of presenting to TCA? Ray: No, we don’t believe in charging because we see them as our customers; they are our partners. I don’t think its right to charge
By guest author Irina Patterson Irina: What are your current sources of deal flow? Ray: It’s an interesting question. About three months ago we actually redid our website, making it more entrepreneur-friendly, so that people can just apply with a very simple application. On top of that, I designed a new marketing program. In the
By guest author Irina Patterson This is the twenty-sixth interview in our series on financing for entrepreneurs. I am talking to Raymond Chan, a member of Tech Coast Angels. TCA has over 260 members and provides funding and guidance to early-stage, high-growth companies in Southern California. Irina: Hi, Ray. Let’s start with your personal background.
By guest author Irina Patterson Irina: Do you think in terms of total available market, like a certain number? George: At the seed stage, we are just thinking of a big picture – will the innovation of this create brand new behaviors, have an impact, or change an industry or market? And that’s qualitative. At
By guest author Irina Patterson Irina: Let’s talk about seed funding. What is the CRV QuickStart program? George: Initially, we called the program QuickStart. We made about sixteen investments that were $250,000. We found that entrepreneurs liked it, but a bunch of angel investors did not like it because we priced it as a convertible note
By guest author Irina Patterson Nova: Today, the world of angel investing is completely the Wild West. It’s extremely hard to find investors. It’s extremely hard to get them to give you money. And even when they do, it’s not very much. So, there’s a gap right now. Basically, the first one to three million
By guest author Irina Patterson This is the twenty-fifth interview in our series on financing for entrepreneurs. I am talking to George Zachary, general partner of Charles River Ventures, one of the nation’s oldest early-stage venture capital firms. CRV invests in the data communications and software & services sectors and provides entrepreneurs with access to