Early Exits Workshop Videos, Part 2 of 4
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
Part 2 PowerPoint PDF here
Part 2-1 Highlights:
- Focusing on the exit is healthy and why exits are not well understood
- Contrary to popular wisdom, companies should be sold not bought – the difference is a lot of money
- 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
Part 2-2 Highlights:
- Angels actually finance 27 times more startups than traditional VC funds
- The importance of a clear exit strategy before contacting the first external investor
- Checking the DNA compatibility of prospective investors before they invest
- Angel syndication – companies are now raising $5 to 10 million angel investors
- The importance of term sheets in planning for successful exits
- Why share and option vesting is critically important to company success
- The challenges in building good quality boards and how that is affecting term sheets
- The Dan Rosen “Preferred Light” term sheet – a new standard for angels
Part 2-3 Highlights:
- Angels as financial partners – how angels can help entrepreneurs more
- Angels can help the most with financing, structuring, governance and exits
- Other videos on planning exits
Part 3 is online here.
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.
