Seed Capital From Angel Investors: Peter Birkeland, RAIN Fund Program Manager, RAIN Source Capital (Part 5)

By guest authors Irina Patterson and Candice Arnold Irina: What percentage of a company’s equity do you usually seek? Pete: Typically, anywhere from 10% to 30%, depending on the round. Irina: What’s the typical return that you’d like to receive? Pete: We’d like to get seven times to ten times in five to seven years.

Seed Capital From Angel Investors: Peter Birkeland, RAIN Fund Program Manager, RAIN Source Capital (Part 4)

By guest authors Irina Patterson and Candice Arnold Irina: Do you hold regular meetings? Pete: Yes, most of our funds meet every other month. And then they usually have screening committees. Some screening committees are monthly; some are a little bit ahead of the member meetings.

Seed Capital From Angel Investors: Peter Birkeland, RAIN Fund Program Manager, RAIN Source Capital (Part 3)

By guest authors Irina Patterson and Candice Arnold Irina: Is there any place on the website where entrepreneurs can e-mail you? Pete: On our general website, we’ve got my bio on there with an e-mail. The issue is, though, we have to have a RAIN Fund in the area. So, if someone from Arizona sends

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Seed Capital From Angel Investors: Peter Birkeland, RAIN Fund Program Manager, RAIN Source Capital (Part 2)

By guest authors Irina Patterson and Candice Arnold Irina: Would you consider yourselves regional and national at this point? Pete: I would say we’re regional now with the goal of being national. Irina: Since you have such a diverse membership, would you say that you have a specific expertise or a more general approach? Pete:

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Seed Capital From Angel Investors: Peter Birkeland, RAIN Fund Program Manager, RAIN Source Capital (Part 1)

By guest authors Irina Patterson and Candice Arnold This is the tenth interview in our series on financing for entrepreneurs. I am talking to Peter Birkeland, RAIN Fund Program Manager at RAIN Source Capital, a multistate network of RAIN® funds. The network currently has more than $33 million invested in 55 companies. Its head office

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Seed Capital From Angel Investors: Padmaja Ruparel, President, Indian Angel Network (Part 9)

By guest authors Irina Patterson and Candice Arnold Irina: And how is your network organized? Padmaja: We were very entrepreneurial in how we started. I don’t think there was much thinking at that time. We didn’t realize it would be so big, to be honest. So, we just started with a private, limited company which

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Seed Capital From Angel Investors: Padmaja Ruparel, President, Indian Angel Network (Part 8)

By guest authors Irina Patterson and Candice Arnold Irina: If you could give one piece advice to angels about how to become more successful, what would your advice be? Padmaja: That’s a tall order. I must first say this with a bit of a rider. Angel investing in India is very young. It’s not as

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Seed Capital From Angel Investors: Padmaja Ruparel, President, Indian Angel Network (Part 7)

By guest authors Irina Patterson and Candice Arnold Padmaja: As another example, there is an entrepreneur who’s doing 46% net profit, and we give him honest feedback: Don’t share equity. You don’t need to. He needs working capital, so we told him we put you on to people who give debt. Maybe that’s a cheaper way

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