Funding From Angels

Thu, 04/07/2005 - 5:30pm
Join the MIT Enterprise Forum's Venture Lab Speakers including Chris Hurley of Beacon Law Advisors and Aaron Coe of the Alliance of Angels as they share their knowledge and experience regarding Angel financing.

Angel capital is the primary source of funding for early-stage companies and while it is true that the Angels are back, they are hard to find and each one may operate under their own rules. These facts can make the process of raising capital from Angel investors a time-consuming and very challenging task. This Venture Lab will explain the often hidden world of the Angel investor and provide the information necessary to help you develop and implement a successful Angel financing strategy.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>

 

The discussion will explore the various aspects of Angel financing, including:

 

  • Angel Investors vs. Venture Capitalists
    • All Angels are not created equal
    • Think beyond this raise
    • Angels AND VCs in the same deal
  • How to access the fragmented Angel community
  • State of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?>
    Angel funding environment today
  • How Angels identify promising investments
  • Selling a business plan to an Angel Investor
  • When are my company and I ready for Angel Investors?
  • The importance of obtaining sound legal advice
    • Entity selection
    • IP protection
    • Corporate housekeeping
    • Valuation of founder's round and founders' equity documentation
  • Angels approach to valuation
  • Angel funding deal terms and structures
    • Convertible notes with equity kickers
    • Priced deal
    • Single closings; multiple closings; rolling closings
    • Escrow vs. no escrow
  • The "Do's and Don'ts" of structuring Angel financing
  • How to "herd the cats" so the deal is done quickly and efficiently