Among Angel Investors According to Basil Peters, an angel fund manager and the author of Early Exits, convertible notes became popular in the aftermath of the dot-com bubble, a painful time in which many angels suffered from down rounds and dilution. [8] The convertible debt structure allows angels to invest now without having to price [...]
Convertible notes, also known as converts, bridge loans, or convertible debts, are hybrid investment vehicles with debt- and equity-like features. A convertible note is a loan that investors make to a company that can be converted into equity (stocks) upon a triggering event, typically when the company raises its first equity round from professional angels [...]
“Startup Investing: What You Need to Know About Convertible Notes (2nd Edition)” focuses on using convertible notes as a pre-Series A deal structure, so for the purpose of this report, assume the following: if the company manages to raise a Series A, its first equity round, it will be raising it from VCs; the Series [...]
“Startup Investing: What You Need to Know About Convertible Notes (2nd Edition)” is a fully updated version of the first edition, “Investing in Tech Startups: What You Need to Know About Convertible Notes.” While both versions focus on using convertible notes as a pre-Series A deal structure, the new edition reflects on the usage of [...]
You just read another story on how quickly certain angels invest and you’re secretly admiring their ability to make decisions on the spot. Now you’re thinking: Due diligence is SO yesterday – screw it and close more deals already! Do what you want; you’re investing your own money, not ours. But first, check out our [...]
Plenty of athletes have raw talent. But the ones who really succeed are those who are also coachable. Without that quality, even the most gifted potential star may be more trouble than he is worth. That is particularly true when it comes to the startup entrepreneurs you back. Great things happen when veteran angels pair [...]
Rich: Things have changed so fast that it’s hard to even keep up, not only with technology but also economic changes. As you talk to groups, give presentations, lectures, and so forth, what are some of the pressing questions and challenges that you’re hearing from the entrepreneurial world out there? * This is an excerpt [...]
Rich: In your book, Early Exits, you urge angel investors to invest in capital efficient companies. Is that what Cisco is talking about? * This is an excerpt from an interview with Dr. Basil Peters. Download full report at Basil Peters Debunks Outright Lies About Startup Exits and M&As. Basil: Yes. Rich: What are those [...]
There are some dangerous misperceptions, myths, and outright lies that are commonly told in the industry that lead boards and startup management teams completely down the wrong path, Dr. Basil Peters, an exit strategist, technology angel investor, and angel fund manager for Fundamental Technologies II, tells Venture Hype. He continues: I’m dismayed by how often [...]
* This is not legal advice. Consult with your lawyer. Should angel investors care about Private Placement Memorandum (PPM)? Antoine Brand, a reader of Venture Hype, wondered. Since it’s a question asked by many an entrepreneur, we decided to look at both sides of the table and examine the role PPM plays in an investment [...]
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