Being an Entrepreneur in the 21st Century -Part 2

Highlights of Being an Entrepreneur in the 21st Century – Part 2:

  • Uh, Oh. These are our friends and family! And we really need their money.
  • The solution: Fairness, Alignment and Governance. All built into the structure of the company.
  • More good news is that there are lots of angel investors.
  • Angel Co-Investment – groups of angels now often invest $5 to $10 million in a company over several rounds.
  • Tip: Why are they investing? Hint: This answer applies not just to the Friends and Family round but to all rounds.
  • I believe exits are the best part of being an entrepreneur or investor.
  • But it’s also the least well understood part of being an entrepreneur or private investor.
  • One of my life goals is to provide information to help entrepreneurs execute better exits.
  • The media always reports on the really big exits.The ‘new’ big story is the large number of smaller exits.
  • Google wants even earlier exits!
  • “90% plus of our transactions are small transactions…less than 20 people, less than $20 million”
  • Google said: “we do prefer companies that are pre-revenue”
  • Examples of these exits. Why this is happening now. How it looks from a Fortune 500 senior exec.

Part 2 of the Being an Entrepreneur video series is also available on Youtube.

Click here for part 3 of Being an Entrepreneur in the 21st Century.

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