SlideShare a Scribd company logo
1 of 29
Download to read offline
Lets Get Real About
Angel Investing
Seth Levine
@sether
Join the Conversation
#BSW16
@sether
@sether
US Angel Funding Trends
@sether
*Estimated
*
@sether
Colorado Seed Funding Trends
@sether
@sether
@sether
Denver vs. Boulder
@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
@sether
Seed Stage in CO
~
@sether
FG Angels
@sether
FG Angels
# of Deals per Month
Source: FG Angel Data
@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
@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
@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
@sether
FG Angels Goals:
✓ Understand AngelList and Syndicates
✓ Experiment with seed investments outside of
FG themes
✓ Extend our network
✓ Generate economic returns
@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 Angels
Outcome | Observations
@sether
History of Angel Investing in
Colorado
@sether
As an ecosystem we can do better
@sether
Too scattered
Too much process
Too many gate keepers
We’re not putting entrepreneurs first
@sether
More transparency
Be visible
Be authentic
Angel’s mentoring Angel’s
@sether
Don’t over-educate
$10K is not a lot of money
Dedicate capital
@sether
Diversify
Have Fun
@sether
You are not the market
@sether
We are especially bad at supporting
women and diversity
in Technology and Entrepreneurship
@sether
@sether
This deck is on SlideShare and can
be viewed at:
bit.ly/sethangelco
Questions?
seth@sethlevine.com
@sether
• 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.
• All of the information herein is subject to change without notice. Certain
information included in this document is based on information obtained from
sources considered to be reliable. However, no representation or warranty is
made with respect to the accuracy or completeness of such data.
Disclaimer

More Related Content

Viewers also liked

Angel Investing 101 - Part 1 - Pre-screening
Angel Investing 101 - Part 1 - Pre-screeningAngel Investing 101 - Part 1 - Pre-screening
Angel Investing 101 - Part 1 - Pre-screeningAli Jafri
 
Machine Learning as a Daily Work for a Programmer- Volodymyr Vorobiov
Machine Learning as a Daily Work for a Programmer- Volodymyr VorobiovMachine Learning as a Daily Work for a Programmer- Volodymyr Vorobiov
Machine Learning as a Daily Work for a Programmer- Volodymyr VorobiovRuby Meditation
 
What is Value Investing
 What is Value Investing  What is Value Investing
What is Value Investing Paresh Thakker
 
How to be an Angel Investor, Part 3
How to be an Angel Investor, Part 3How to be an Angel Investor, Part 3
How to be an Angel Investor, Part 3Tyler Willis
 
Trace Lessons Learned H4Dip Stanford 2016
Trace Lessons Learned H4Dip Stanford 2016 Trace Lessons Learned H4Dip Stanford 2016
Trace Lessons Learned H4Dip Stanford 2016 Stanford University
 
Hacking CT Lessons Learned H4Dip Stanford 2016
Hacking CT Lessons Learned H4Dip Stanford 2016Hacking CT Lessons Learned H4Dip Stanford 2016
Hacking CT Lessons Learned H4Dip Stanford 2016Stanford University
 
Aggregate db Lessons Learned H4Dip Stanford 2016
Aggregate db Lessons Learned H4Dip Stanford 2016Aggregate db Lessons Learned H4Dip Stanford 2016
Aggregate db Lessons Learned H4Dip Stanford 2016Stanford University
 
Peacekeeping Lessons Learned H4Dip Stanford 2016
Peacekeeping Lessons Learned H4Dip Stanford 2016Peacekeeping Lessons Learned H4Dip Stanford 2016
Peacekeeping Lessons Learned H4Dip Stanford 2016Stanford University
 
Space Evaders Lessons Learned H4Dip Stanford 2016
Space Evaders Lessons Learned H4Dip Stanford 2016Space Evaders Lessons Learned H4Dip Stanford 2016
Space Evaders Lessons Learned H4Dip Stanford 2016Stanford University
 

Viewers also liked (9)

Angel Investing 101 - Part 1 - Pre-screening
Angel Investing 101 - Part 1 - Pre-screeningAngel Investing 101 - Part 1 - Pre-screening
Angel Investing 101 - Part 1 - Pre-screening
 
Machine Learning as a Daily Work for a Programmer- Volodymyr Vorobiov
Machine Learning as a Daily Work for a Programmer- Volodymyr VorobiovMachine Learning as a Daily Work for a Programmer- Volodymyr Vorobiov
Machine Learning as a Daily Work for a Programmer- Volodymyr Vorobiov
 
What is Value Investing
 What is Value Investing  What is Value Investing
What is Value Investing
 
How to be an Angel Investor, Part 3
How to be an Angel Investor, Part 3How to be an Angel Investor, Part 3
How to be an Angel Investor, Part 3
 
Trace Lessons Learned H4Dip Stanford 2016
Trace Lessons Learned H4Dip Stanford 2016 Trace Lessons Learned H4Dip Stanford 2016
Trace Lessons Learned H4Dip Stanford 2016
 
Hacking CT Lessons Learned H4Dip Stanford 2016
Hacking CT Lessons Learned H4Dip Stanford 2016Hacking CT Lessons Learned H4Dip Stanford 2016
Hacking CT Lessons Learned H4Dip Stanford 2016
 
Aggregate db Lessons Learned H4Dip Stanford 2016
Aggregate db Lessons Learned H4Dip Stanford 2016Aggregate db Lessons Learned H4Dip Stanford 2016
Aggregate db Lessons Learned H4Dip Stanford 2016
 
Peacekeeping Lessons Learned H4Dip Stanford 2016
Peacekeeping Lessons Learned H4Dip Stanford 2016Peacekeeping Lessons Learned H4Dip Stanford 2016
Peacekeeping Lessons Learned H4Dip Stanford 2016
 
Space Evaders Lessons Learned H4Dip Stanford 2016
Space Evaders Lessons Learned H4Dip Stanford 2016Space Evaders Lessons Learned H4Dip Stanford 2016
Space Evaders Lessons Learned H4Dip Stanford 2016
 

Similar to Lets Get Real About Angel Investing Presentation for BSW16 Boulder Startup Week 2016

Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...
Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...
Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...Seth Levine
 
Private lender presentation
Private lender presentationPrivate lender presentation
Private lender presentationtodhunter
 
Super bowl vs super pockets
Super bowl vs super pocketsSuper bowl vs super pockets
Super bowl vs super pocketsLyn Moses
 
Angel investing 101: An Introduction to Angel Investing Aug 2019 SS
Angel investing 101: An Introduction to Angel Investing Aug 2019 SSAngel investing 101: An Introduction to Angel Investing Aug 2019 SS
Angel investing 101: An Introduction to Angel Investing Aug 2019 SSElaine Werffeli
 
8 simple rules for dating an angel
8 simple rules for dating an angel8 simple rules for dating an angel
8 simple rules for dating an angelCJ Cornell
 
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoney
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoneyAngelsCube Presentation at Show Me the Money London 2015 #TMUMoney
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoneyTechMeetups
 
SAC Learning Series Angel Investing 101
SAC Learning Series Angel Investing 101 SAC Learning Series Angel Investing 101
SAC Learning Series Angel Investing 101 Elaine Werffeli
 
Good Bad and Ugly of Taking Investor Money
Good Bad and Ugly of Taking Investor MoneyGood Bad and Ugly of Taking Investor Money
Good Bad and Ugly of Taking Investor MoneyFelecia Hatcher
 
Investor Day Workshop May/June 2017
Investor Day Workshop May/June 2017Investor Day Workshop May/June 2017
Investor Day Workshop May/June 2017Wealth Migrate
 
Recruiting Private Money Power Point
Recruiting Private Money Power PointRecruiting Private Money Power Point
Recruiting Private Money Power Pointjpoltor
 
Investment in Legal Technology
Investment in Legal TechnologyInvestment in Legal Technology
Investment in Legal TechnologyEvolve Law
 
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...Know your Angels: What Entrepreneurs need to know about Angel Investors befor...
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...Elaine Werffeli
 
Money & Velocity
Money & VelocityMoney & Velocity
Money & VelocityFinTrust
 
Equity Crowdfunding By The Numbers
Equity Crowdfunding By The NumbersEquity Crowdfunding By The Numbers
Equity Crowdfunding By The NumbersSeedInvest
 

Similar to Lets Get Real About Angel Investing Presentation for BSW16 Boulder Startup Week 2016 (20)

Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...
Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...
Lets Get Real About Angel Investing - RVC Angel Capital Summit Keynote by Set...
 
Private lender presentation
Private lender presentationPrivate lender presentation
Private lender presentation
 
Super bowl vs super pockets
Super bowl vs super pocketsSuper bowl vs super pockets
Super bowl vs super pockets
 
Angel investing 101: An Introduction to Angel Investing Aug 2019 SS
Angel investing 101: An Introduction to Angel Investing Aug 2019 SSAngel investing 101: An Introduction to Angel Investing Aug 2019 SS
Angel investing 101: An Introduction to Angel Investing Aug 2019 SS
 
8 simple rules for dating an angel
8 simple rules for dating an angel8 simple rules for dating an angel
8 simple rules for dating an angel
 
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoney
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoneyAngelsCube Presentation at Show Me the Money London 2015 #TMUMoney
AngelsCube Presentation at Show Me the Money London 2015 #TMUMoney
 
Why Hire Us? KAAG Overview.
Why Hire Us? KAAG Overview.Why Hire Us? KAAG Overview.
Why Hire Us? KAAG Overview.
 
SAC Learning Series Angel Investing 101
SAC Learning Series Angel Investing 101 SAC Learning Series Angel Investing 101
SAC Learning Series Angel Investing 101
 
Good Bad and Ugly of Taking Investor Money
Good Bad and Ugly of Taking Investor MoneyGood Bad and Ugly of Taking Investor Money
Good Bad and Ugly of Taking Investor Money
 
Investor Day Workshop May/June 2017
Investor Day Workshop May/June 2017Investor Day Workshop May/June 2017
Investor Day Workshop May/June 2017
 
Crowdfunding Your Film
Crowdfunding Your FilmCrowdfunding Your Film
Crowdfunding Your Film
 
Recruiting Private Money Power Point
Recruiting Private Money Power PointRecruiting Private Money Power Point
Recruiting Private Money Power Point
 
Investment in Legal Technology
Investment in Legal TechnologyInvestment in Legal Technology
Investment in Legal Technology
 
Investing Basics
Investing BasicsInvesting Basics
Investing Basics
 
Chris Spade
Chris SpadeChris Spade
Chris Spade
 
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...Know your Angels: What Entrepreneurs need to know about Angel Investors befor...
Know your Angels: What Entrepreneurs need to know about Angel Investors befor...
 
Money & Velocity
Money & VelocityMoney & Velocity
Money & Velocity
 
Ditr Private Lender Slideshow
Ditr Private Lender SlideshowDitr Private Lender Slideshow
Ditr Private Lender Slideshow
 
New Realty411 Magazine
New Realty411 MagazineNew Realty411 Magazine
New Realty411 Magazine
 
Equity Crowdfunding By The Numbers
Equity Crowdfunding By The NumbersEquity Crowdfunding By The Numbers
Equity Crowdfunding By The Numbers
 

Recently uploaded

Institutions Supporting Small Business Enterprises.pptx
Institutions Supporting Small Business Enterprises.pptxInstitutions Supporting Small Business Enterprises.pptx
Institutions Supporting Small Business Enterprises.pptxshrinivas kulkarni
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierBhavin Kanani
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfContent Strategy Inc.
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideManagry
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Planmohsinrai101
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?Managry
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessManagry
 
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technologyzaidashadali00
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and ComplianceManagry
 
Establishing An Enterprise and Project Management.pptx
Establishing An Enterprise and Project Management.pptxEstablishing An Enterprise and Project Management.pptx
Establishing An Enterprise and Project Management.pptxshrinivas kulkarni
 

Recently uploaded (10)

Institutions Supporting Small Business Enterprises.pptx
Institutions Supporting Small Business Enterprises.pptxInstitutions Supporting Small Business Enterprises.pptx
Institutions Supporting Small Business Enterprises.pptx
 
HDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and SupplierHDPE Pipe Fittings Manufacturer and Supplier
HDPE Pipe Fittings Manufacturer and Supplier
 
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdfPath to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
Path to Traditional Pub - BookFest 2024 presentation - 03-23-2024.pdf
 
How to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guideHow to track billable hours - a step-by-step guide
How to track billable hours - a step-by-step guide
 
Analysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business PlanAnalysis Of FaarmTech | BBA | Business Plan
Analysis Of FaarmTech | BBA | Business Plan
 
What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?What is the Best Way to Track Employee Vacation Time?
What is the Best Way to Track Employee Vacation Time?
 
Expense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business SuccessExpense Management Maximizing Efficiency for Business Success
Expense Management Maximizing Efficiency for Business Success
 
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About TechnologyHow To Get Rich With Bitcoin Even If You Have No Clue About Technology
How To Get Rich With Bitcoin Even If You Have No Clue About Technology
 
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and CompliancePreventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
Preventing Timesheet Fraud Strategies for Ensuring Accuracy and Compliance
 
Establishing An Enterprise and Project Management.pptx
Establishing An Enterprise and Project Management.pptxEstablishing An Enterprise and Project Management.pptx
Establishing An Enterprise and Project Management.pptx
 

Lets Get Real About Angel Investing Presentation for BSW16 Boulder Startup Week 2016

  • 1. Lets Get Real About Angel Investing Seth Levine @sether
  • 9. @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
  • 12. @sether FG Angels # of Deals per Month Source: FG Angel Data
  • 13. @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
  • 14. @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
  • 15. @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
  • 16. @sether FG Angels Goals: ✓ Understand AngelList and Syndicates ✓ Experiment with seed investments outside of FG themes ✓ Extend our network ✓ Generate economic returns
  • 17. @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 Angels Outcome | Observations
  • 18. @sether History of Angel Investing in Colorado
  • 19. @sether As an ecosystem we can do better
  • 20. @sether Too scattered Too much process Too many gate keepers We’re not putting entrepreneurs first
  • 21. @sether More transparency Be visible Be authentic Angel’s mentoring Angel’s
  • 22. @sether Don’t over-educate $10K is not a lot of money Dedicate capital
  • 24. @sether You are not the market
  • 25. @sether We are especially bad at supporting women and diversity in Technology and Entrepreneurship
  • 27. @sether This deck is on SlideShare and can be viewed at: bit.ly/sethangelco
  • 29. • 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. • All of the information herein is subject to change without notice. Certain information included in this document is based on information obtained from sources considered to be reliable. However, no representation or warranty is made with respect to the accuracy or completeness of such data. Disclaimer