Early Exits Workshop – Videos

Sponsored by the Angel Capital Education Foundation and the Angel Capital Association
…presented at the Angel Capital Association National Summit, San Francisco May 5, 2010

PowerPoints from the Workshop: Part 1 | Part 2 | Part 3 | Part 4

Angel Investing in the 21st Century – Part 1:

• Successful investing requires two things – investing right and exiting well
• Angel investing is still new – about where Venture Capital was in the 1980s
• Why most tech company M&A exits today are under $20 million
• Companies are often sold just 2 or 3 years from startup
• When traditional Venture Capital funds invest, it adds about a decade to the exit
• Why the optimum strategy is to have angel investors or VC funds but not both

Exit Strategy – Part 2:

• Focusing on exits is healthy and why companies should be sold not bought
• Planning for successful exits and why every company needs an exit strategy
• Angels finance 27 times more startups than traditional Venture Capital funds
• The exit is just another business process (the most important one)
• How to plan for an exit, the first step is to determine what type of company you have
• Seven steps to plan for a successful exit

Exit Execution – Part 3:

• Steps to completing a successful exit
• The ideal exit team and why the CEO should not lead the transaction
• The roles of the professionals, the M&A advisor, the exit coach, the lawyers, etc.
• Why most companies don’t do the best job of selecting their M&A advisor and why they should be local
• M&A advisory fees and why failure is such a common result

Exit Valuation – Part 4:

• Exercise to estimate the valuation of three early exits from the BC Tech Fund
• Two M&A exits and one IPO
• Parasun, Brightside and MetroBridge

Many of these lessons are described in my new book on exit strategies for entrepreneurs and angel investors – www.Early-Exits.com.

If you enjoyed this video, you might also like Don’t Blow the Biggest Deal of Your Life, Early Exits – Your Golden Opportunity or Start at the End – Your Exit Strategy.