lets get real about angel investing - rvc angel capital summit keynote by seth levine
TRANSCRIPT
Lets Get Real AboutAngel Investing
Seth Levine
Join the Conversation
#2016ACS@sether
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US Angel Funding Trends
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*Estimated
*
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Colorado Seed Funding Trends
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Denver vs. Boulder
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602 Total CO deals since 2000
173 Seed X Angel
Average Size of Angel + Seed + Deals: $748,145
What stage(s): Angel + seed + convertible
Historical Investing in CO
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Seed Stage in CO
~
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FG Angels
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FG Angels# of Deals per Month
Source: FG Angel Data
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FG Angels Review★ Number of investments: 66★ Average syndicate investment: $289K★ Largest syndicate investment: $785k★ Total number of syndicate investors: 582★ Total number syndicate investments: 3,744
Source: FG Angel Data
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FG Angels Review★ Average # of deals participated in: 16★ Most common # of deals participated in:
59★ # of investors who have participated in at
least half of FG Angels deals: 25★ Most active syndicate member investment
total: $1,097,112 in 63 deals
Source: FG Angel Data
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FG Angels Review★ Total $’s raised through FG Angels: $16.49M★ Avg debt cap: $4.96M★ Avg valuation $4.7M★ % of investments with a female co-founder:
~25%
Source: FG Angel Data
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FG Angels Goals:✓ Understand AngelList and Syndicates
✓ Experiment with seed investments outside of FG themes
✓ Extend our network
✓ Generate economic returns
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✓ Reinforced that Angel investing is a lot about gut (more than analysis)
✓ Ability to move quickly was critical
✓ Most Angels are unorganized and followers
✓ Many deals fail -> diversification is important
✓ Typical angels approach the market completely wrong
FG AngelsOutcome | Observations
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History of Angel Investing in Colorado
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As an ecosystem we can do better
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Too scatteredToo much process
Too many gate keepersWe’re not putting entrepreneurs
first
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More transparencyBe visible
Be authenticAngel’s mentoring Angel’s
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Don’t over-educate$10K is not a lot of money
Dedicate capital
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DiversifyHave Fun
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You are not the market
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We are especially bad at supporting women and diversity
in Technology and Entrepreneurship
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This deck is on SlideShare and can be viewed at:bit.ly/sethangelco
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