By guest authors Irina Patterson and Candice Arnold Irina: When you invest, what is your average dollar amount? Basil: That varies. It varies a lot. I can invest anything from $10,000 to $500,000 in one deal. Irina: How many companies do you have in your portfolio right now? Basil: Seven.
By guest authors Irina Patterson and Candice Arnold Irina: If entrepreneurs want to seek funding from you, what would be the proper way for them to do it? Basil: I probably get asked this question three or four times a week. What I’ve done is I wrote a page on my blog called How to
By guest authors Irina Patterson and Candice Arnold Irina: What are your current sources of deal flow? Basil: Most of the things that I find investment worthy, I’m seeing at an angel meeting. What’s best for entrepreneurs, I think, is to present at group meetings. It’s a much more efficient way for entrepreneurs to meet
By guest authors Irina Patterson and Candice Arnold Basil: I appreciated, after doing investing for a while, that the venture capital stage in the process was no longer necessary in well over 99% of tech companies. I sold my stake in the venture fund that I had cofounded and instead launched what would most commonly
By guest authors Irina Patterson and Candice Arnold This is the eleventh interview in our series on financing for entrepreneurs. I am talking to Basil Peters, an angel investor with a passion for exit transactions who has been founding, financing, growing, and selling technology companies for over two decades. Based in Vancouver, British Columbia, Basil
By guest authors Irina Patterson and Candice Arnold Irina: What advice would you give to angel-backed companies to increase their chances of success? Pete: I think the ability to manage cash efficiently while still hitting milestones. We want to know how you are going to use our money to get to your next milestones efficiently.
By guest authors Irina Patterson and Candice Arnold Irina: You get about 150 deals a month and out of those 150, you invest in one deal a month, so what do you do with the other 149? Pete: Some of them stay in the process and we keep in touch with them, or they make
By guest authors Irina Patterson and Candice Arnold Irina: What level of experience do you require a company’s team to have? Pete: We’ve invested in people who are in school, out of school, senior executives. I think what they’ve got to have is the ability to concisely present the opportunity that they have and make