Category: Angel Investing

Angel Investing

This was the opening keynote at the 2015 Colorado Capital Conference. The Denver / Bolder area is one of several technology communities where angels and entrepreneurs have somehow developed a deeper appreciation for the importance of early exits. It's going to be interesting to see if we can track the difference this makes. Key Points: The popularity of the Early Exits book surprised me I want to start by empha...

Angel Investing

This keynote from an Angel Capital Association regional meeting describes three successful exits that were also what I call "Accidental Exits." By that I mean exits that were the result of an unplanned approach from a buyer. In this very active M&A market, sellers are often being surprised by buyers changing the conversation and offering to buy the company. Highlights from Accidental Exits: We don't have hard data to help us ...

Angel Investing

This was the first presentation of the new Exit Strategies workshop that I developed for the National Angel Capital Association's NACO Academy. This is the Canadian national organization that provides education for angel investors and entrepreneurs. The new Exit Strategies workshop was first presented at the Golden Triangle Angel Network in Waterloo, Ont...

Angel Investing

This video is a talk I gave at the Element8 angels workshop in Seattle: Investing a World With Few Exits. Some of the key points from my talk: I believe only 25% of all companies that could have been sold actually end up successfully exiting If a company misses the ideal time to exit, then the most likely result is that it will fail completely...

Angel Investing

This Early Exits Workshop was presented at the National Angel Capital Organization (NACO) Annual Summit in Banff, Alberta. NACO Summits are usually around 500 attendees. Most people are from Canada, but international attendance increases every year. Key Points from Part 1 - Early Exits Seed and startup investing is changing The “Traditional VC model” is broken Startup costs ar...

Angel Investing

This short workshop was presented at the the 6th Annual Angel Investor Summit, Dunedin, New Zealand - the second most southern city in the world. As part of an economic development initiative to stimulate investment in technology, I was invited by the New Zealand government to spend a week traveling up and down the country to meet with angel groups and government officials. Double Your Exits includes: OK, I...

Angel Investing

In earlier days, entrepreneurs dreamed of founding an innovative start-up and building it into a big company. After many years of solid sales and profits, the company might be acquired, with founders and investors earning a capital gain. But in today's fast-evolving technology marketplace, growing a small start-up into a big company may not be the best strategy. An increasing number of promising start-ups are exiting early at very attractive valuat...

Angel Investing

It's rare to be able to post a detailed case study on an early exit. The most interesting information is usually restricted by a non-disclosure agreement. This is a very valuable opportunity to hear directly from the Chairman and a lead investor about what went on behind the scenes in this $30 million pre-revenue exit. These videos complement the complete written

Angel Investing

Every company should have a signed exit strategy. This is especially critical before contacting the first external investors. Different investors are compatible with different exit strategies. Getting this wrong can actually kill the company. The exit strategy is the foundation for the entire company plan. Key Points: All companies can be divided into two types Only one of those two types works for investors

Angel Investing

In the second presentation at The Exit Strategies Workshop 2011, Mike Volker describes why Angel investors are saying: "We need more exits." Highlights of Part 2 - We Need More Exits: The big question: Should we grow bigger or sell? It's all about EXITS!! - need a real "Plan". But, CEOs are in no hurry to sell. Angel Investing 101. Case study - What's wrong with this picture? ...