By guest authors Irina Patterson and Candice Irina: What your usual round size? Brian: I would say that $500,000 to $1.5 million seems to be the magic number for seed rounds; therefore, the valuation could be as low as $1 million and as high as $4 million or $5 million for that level of dilution
By guest authors Irina Patterson and Candice Arnold Brian: If we’re rude in how we go about saying no to entrepreneurs, they’re not going to be likely to come back to us with the next idea. For all intents and purposes, we could be wrong. This current idea may be a brilliant one. It just
By guest authors Irina Patterson and Candice Arnold Brian: Our general thesis is that there are very few companies that are going to generate value north of $200 million. Most companies are being acquired in the $20 million to $60 million range, and there are great returns to be had there if you’re invested early
By guest authors Irina Patterson and Candice Arnold Chris: Our deal flow seems to be great – as good as or better than we anticipated. As long as we can continue to get good deal flow and increase the number of angels, and there’s good financing [being arranged], the entrepreneurs realize this is an active
By guest authors Irina Patterson and Candice Arnold Irina: How does Open Angel Forum work? Brian: Jason Calacanis put together a new platform for entrepreneurs to pitch a group of angels without paying to get in front of the them. He was upset by some of the pay-to-present angel networks that had popped up. So,
By guest authors Irina Patterson and Candice Arnold Brian: If we could, we’d try to connect the dots and put people in touch with the right partnerships and resources to help them with their businesses. There’s just a finite amount of time. We’ve got a lot on our plate. It’s tough to do. But there’s
By guest authors Irina Patterson and Candice Arnold Irina: If a company is out of Washington state, could they still reach out to you? Chris: It’s possible. We’ve worked with some companies from British Columbia and from Oregon, for example. Typically, these companies are either looking to establish a Washington base or have already established
By guest authors Irina Patterson and Candice Arnold Chris: Another major difference of the WINGS network is all of our angels come from a medical tech, devices, or biotech background. So, they’re not afraid of and they understand the regulatory challenges. One of the challenges we had with some local angels is that a lot