Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Seth Levine
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Transcript of Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Seth Levine
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Lets Get Real AboutAngel Investing
Seth Levine
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Join the Conversation
#2016ACS@sether
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@sether
US Angel Funding Trends
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@sether
*Estimated
*
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@sether
Colorado Seed Funding Trends
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@sether
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@sether
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@sether
Denver vs. Boulder
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@sether
602 Total CO deals since 2000
173 Seed X Angel
Average Size of Angel + Seed + Deals: $748,145
What stage(s): Angel + seed + convertible
Historical Investing in CO
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@sether
Seed Stage in CO
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@sether
FG Angels
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@sether
FG Angels# of Deals per Month
Source: FG Angel Data
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@sether
FG Angels Review★ Number of investments: 66★ Average syndicate investment: $289K★ Largest syndicate investment: $785k★ Total number of syndicate investors: 582★ Total number syndicate investments: 3,744
Source: FG Angel Data
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@sether
FG Angels Review★ Average # of deals participated in: 16★ Most common # of deals participated in:
59★ # of investors who have participated in at
least half of FG Angels deals: 25★ Most active syndicate member investment
total: $1,097,112 in 63 deals
Source: FG Angel Data
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@sether
FG Angels Review★ Total $’s raised through FG Angels: $16.49M★ Avg debt cap: $4.96M★ Avg valuation $4.7M★ % of investments with a female co-founder:
~25%
Source: FG Angel Data
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@sether
FG Angels Goals:✓ Understand AngelList and Syndicates
✓ Experiment with seed investments outside of FG themes
✓ Extend our network
✓ Generate economic returns
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@sether
✓ Reinforced that Angel investing is a lot about gut (more than analysis)
✓ Ability to move quickly was critical
✓ Most Angels are unorganized and followers
✓ Many deals fail -> diversification is important
✓ Typical angels approach the market completely wrong
FG AngelsOutcome | Observations
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@sether
History of Angel Investing in Colorado
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@sether
As an ecosystem we can do better
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@sether
Too scatteredToo much process
Too many gate keepersWe’re not putting entrepreneurs
first
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@sether
More transparencyBe visible
Be authenticAngel’s mentoring Angel’s
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@sether
Don’t over-educate$10K is not a lot of money
Dedicate capital
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@sether
DiversifyHave Fun
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@sether
You are not the market
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@sether
We are especially bad at supporting women and diversity
in Technology and Entrepreneurship
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@sether
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@sether
This deck is on SlideShare and can be viewed at:bit.ly/sethangelco
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• This information has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
• This material is not to be reproduced in whole or in part or used for any purpose and is to be treated as strictly confidential and is not to be disclosed directly or indirectly to any party other than the recipient.
• This document may contain forward-looking statements and projections that are based on our current beliefs and assumptions and on information currently available that we believe to be reasonable. However, such statements necessarily involve risks, uncertainties and assumptions, and prospective investors may not put undue reliance on any of these statements. Past performance is not a reliable indicator of future results.
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