By guest author Irina Patterson Irina: What do you think a single most important thing that angels could do to increase their chances of success? Nova: I advise a bunch of entrepreneurs and help with some of their companies, and the biggest problem entrepreneurs have today with angel funding is actually getting angel funding because
By guest author Irina Patterson Irina: How about a team? Do they have to have a complete team? Nova: No, they have to have the technical lead and the product lead. Irina: Is there any specific character trait you can identify? Nova: I’m usually looking for people who are on the technical side. They have
By guest author Irina Patterson Irina: From all the sources, do you have an idea how many pitches you get a month? Nova: I would say it’s probably about five to ten a month. Irina: Out of those five to ten, how many deserve a closer look? Nova: Usually one or maybe two.
By guest author Irina Patterson This is the twenty-fourth interview in our series on financing for entrepreneurs. I am talking to Nova Spivak, a serial entrepreneur, who is currently the co-founder an president of Live Matrix and an angel investor soon to be based in Los Angeles. Irina: Hi, Nova. Let’s start with with your
By guest author Irina Patterson Irina: Have any of the companies that you invested in exited already? Russ: Yes, first of all I was an investor in Adify, which is nice. I was investor in Playdom, a social gaming company, that Disney just acquired. I am an investor in one more thing that should exit
By guest author Irina Patterson Irina: Do you think in terms of equity? Russ: I don’t have an ownership threshold. I don’t say, I wouldn’t do this unless I can have x percent. Irina: Do you think about the returns that you might be getting over a period of time? Russ: The majority I’ve done
By guest author Irina Patterson Irina: If an entrepreneur decides to seek funding from you, what is the best way to reach you? Russ: I am maybe the easiest person in the world to get a hold of. I will meet with almost anyone if I think there is some interesting reason to do it.
By guest author Irina Patterson This is the twenty-third interview in our series on financing for entrepreneurs. I am talking to Russ Fradin, a serial entrepreneur, who is currently the cofounder and president of Adify and angel investor in the Bay Area.