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Home AV Control

You have to be kidding! OK, I’m a geek and during a recent remodel, put in a new AV system that one of my friends dubbed “geek heaven.” Up until the point where I needed a control system. The firm that did my custom installation said I needed a $10,000 Crestron control system, which was between 25-30% of the cost …
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Avatar

I had a trip cancelled on Thursday at the last minute. Since my calendar was clear, I did something out of character – I decided to see a matinee movie instead of working. So, I decided to see Avatar in 3D/IMAX. After going to the Pacific Science Center in Seattle and being told it was sold out (for 3 days!), …
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Modumetal and other category creating companies

I’m often asked about what I look for in startup companies. There really are two answers to this question.

On one hand, for most of my investments I seek a good solid company, with a great management team that can build a good revenue stream in an uncrowded market, which can be acquired at a good premium.

But the ones …
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Startup Company Boards

Startup companies need good boards. But they often don’t have them.

There are many reasons. First, there really aren’t that many experienced people willing to serve on a startup company boards. And those that are experienced, skilled, and bring a lot of value, generally want to be compensated, which startups can’t really afford.

VCs will serve on boards, but generally …
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Techflash posting.. for pay angel groups

In response to John Cook’s thoughtful post: http://www.techflash.com/seattle/2009/10/angels_to_charge_or_not_to_charge.html, here is my reply. John – thanks for raising this topic.  It is a timely posting.  Historically, VCs haven’t ever charged entrepreneurs because they are paid management fees from their limited partners.  And individual angels don’t charge because they are investing their own money and don’t need to.  This has become
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Paying for presenting to Angel groups

I’m not sure I could or would want to be part of an angel group that charges entrepreneurs for the privilege of presenting/pitching their company.  It seems very odd that a bunch of high-net-worth individuals would ask an entrepreneur, who has most likely mortgaged their home and used their life savings to start their company, to pay them to look …
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Google & the Future of Search

I just read the Business Week article on Google (BW, October 12, 2009, p44) and believe it misses the key point – the threat against Google is that its search just isn’t very good.  Unfortunately no one is yet much better.  Someone will be, and it may be Google itself, but I believe it is just as likely to be
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Professional Angels: the new early stage VCs

As I’ve blogged before, the market conditions are driving early-stage investment capital back to basics.  VCs have always fostered great entrepreneurs with great ideas.  But the model has changed profoundly and permanently (see my earlier blog: “Why the VC Investment Model is Broken”). 

So how do great entrepreneurs build their business in 2009?  Professional Angels.

Most professional angels are
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Angel Investing in the Current Economic Environment

I recently was interviewed about the impact of the current economic environment on Angel Investing.  Since these are questions I’m asked frequently, here is the post. Reporter:  Are angels less willing to part with their money now? e.g. Angel investment was down 26% in 2008…what do you see so far in 2009? Dan:  There are two different categories
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Convertible Note vs. Priced Preferred Round

Convertible Note vs. Priced Preferred Round

 

The form of an investment is an on-going issue for Angel Investors and Startup entrepreneurs.  This post describes the differences between a convertible note and a priced round, the benefits of each, and recommendations for investors, service providers, and entrepreneurs.

A priced round is easy to understand.  Each investor in that round is
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