1Mby1M Virtual Accelerator Investor Forum: With Ray Chan of K5 Ventures (Part 3)

Sramana Mitra: How many companies have you invested in so far? Ray Chan: Over the last seven years, we have invested in over a hundred companies. Of course, a lot of them disappeared. Some of them are still going on. Sramana Mitra: Where I’m going with the question is what have you learned from investing

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1Mby1M Virtual Accelerator Investor Forum: With Ray Chan of K5 Ventures (Part 2)

Sramana Mitra: You said you have a very big geographical focus? How do you define that geography? How do you constrain that geography? Ray Chan: We do touch on some investments in Canada. We have maybe 10% of our investment outside of California all the way to Midwest or East Coast. Most of our investments

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1Mby1M Virtual Accelerator Investor Forum: With Ray Chan of K5 Ventures (Part 1)

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ray Chan was recorded in December 2018. Ray Chan, Managing Director at K5 Ventures and Tech Coast Angels, shares his views on the segments his firms invest in. Sramana Mitra: Let’s get

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 7)

By guest author Irina Patterson Irina: Right. Do you see any issues in the angel ecosystem? Is there anything that can be improved? Ray: I think the key thing is, investors like us have to get involved, to educate entrepreneurs. For example, Silicon Valley is the best ecosystem in the whole wide world. And for

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 6)

By guest author Irina Patterson Irina: What do you think is the most important thing that angel-backed founders can do to increase their chances of success? Ray: The execution. It means you have to work with partners — work with partners like us, work with the team, and execute the plan. They also be able

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 5)

By guest author Irina Patterson Irina: What do you do when you get incomplete business teams? Ray: We go in there and help. I especially love to work together with the entrepreneurs. We do what they don’t want to do or what they don’t know that they need to do.

Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 4)

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

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Seed Capital From Angel Investors: Raymond Chan, Tech Coast Angels (Part 3)

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

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