Question: We are in the process of raising angel money ($500,000) to be followed by 1 or 2 rounds of institutional money. We’ve heard many times that the less number of angels that you have the better it will be when it’s time to sort the details of the following rounds. We are not sure […]

Question: I’ve done angel investing for the past 8 years.  I most often invest with people I don’t know or am referred to.  I have invested a few times with friends and it has always been hard to be tough on them as a shareholder, so I’ve stopped which is too bad since I have […]

Question: What are the risks associated with funding an Angel round without a PPM? Assume the round is under $250k. Any resources you’d recommend looking at or people to talk this through? Our Take: Few deals these days (at any size) have PPMs written for them. The costs (legal, accounting and management time) just don’t […]