By guest authors Irina Patterson and Candice Arnold Irina: So you have other angel groups in the Los Angeles area? Bob: Yes. There’s Tech Coast Angels and they’re, like I said, a lot like us, but they’ve broken down into chapters so they have a chapter in San Diego, one in L.A., and one in
By guest authors Irina Patterson and Candice Arnold This is the second interview in my series of interviews with angel investors and angel groups. This time I talked to Robert (Bob) Aholt, a vice chairman of the Pasadena Angels based out of Los Angeles. Irina: Hi Bob, tell us briefly about your personal background and
By guest author Irina Patterson Irina: What is the single most important thing that angel-backed founders can do to increase their chances of success? Nicola: The important question they have to ask is, Do I really live this product, do I really want to build this company? Is it everything to me? That passion can’t
By guest author Irina Patterson Irina: What are your current sources of deal flow? Nicola: I should say that when the Acorn Fund was created, we recognized that a great deal of education would need to be done for our friends and partners. The reason for that is so many entrepreneurs are used to having
SM: How did you finance the different phases of the company? CL: In late 2005 and early 2006 we signed on two publishers that, together, quadrupled the size of our audience. We grew the company to the maximum extent possible with all the profits we’d accumulated. A few months later, one of those publishers left