By guest authors Irina Patterson and Candice Arnold Irina: What do you do for companies that you decide not to invest in? Dick: We make contacts for them. That’s probably the biggest thing we can do for them – help them understand what they need to do to make them more eligible [for funding] or
By guest authors Irina Patterson and Candice Arnold Irina: At what stage of a business’s development do you prefer to invest? Dick: Really, anywhere from what I would call pre-seed to developmental. We’ve even invested in one expansion-stage company. Irina: How about if somebody comes with an idea on paper? Dick: No. But we have
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
By guest author Irina Patterson Irina: What are your current sources of deal flow? Ray: It’s an interesting question. About three months ago we actually redid our website, making it more entrepreneur-friendly, so that people can just apply with a very simple application. On top of that, I designed a new marketing program. In the
By guest authors Irina Patterson and Candice Arnold Irina: How many pitches do you receive per month, on average? Dick: In a month, I’ll hear from 12–15 capital seekers. Irina: Out of those 12–15, how many deserve a closer look? Dick: One or two. Irina: What would be your next step of engagement with them?
By guest authors Irina Patterson and Candice Arnold. This is the twenty-seventh interview in our series on financing for entrepreneurs. I am talking to Dick Reeves, executive director of Huntsville Angel Network that services entrepreneurs in and around Huntsville, Alabama, where it’s based. Irina: Hi, Dick. Why don’t we start with you telling me a
By guest author Irina Patterson This is the twenty-sixth interview in our series on financing for entrepreneurs. I am talking to Raymond Chan, a member of Tech Coast Angels. TCA has over 260 members and provides funding and guidance to early-stage, high-growth companies in Southern California. Irina: Hi, Ray. Let’s start with your personal background.
By guest author Irina Patterson Irina: What is your biggest investment success to date? George: I am one of the three original investors on Twitter; I’m sure that will work out well. And I’m an investor in a company called Yammer, which is becoming the Facebook of enterprise and which is going to be showing