Exit Strategies for Angel Investors – Part 3
Highlights of Exit Strategies for Angel Investors – Part 3:
- Fascinating new research on the data from the bankrupt law firm Brobeck – including 182 Series-A VC and angel investments,
- Shows that “outcomes are inferior when angels and VCs co-invest” – it turns out angels and VCs aren’t that compatible.
- Angels alone are “as likely as the VC backed firms to have successful liquidity events”.
- The optimum strategy is ‘Angels or VCs but not both’.
- Checklist to determine whether an individual company should be financed with Angels only or VCs.
- It depends on how much money the company will need, how long before the exit, likely exit value and willingness to relinquish control.
Part 4 (Q&A Part 1) is online here.
Many of the lessons I’ve learned are described in my new book on exit strategies for entrepreneurs and angel investors – www.Early-Exits.com.
