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

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Seth Levine talks candidly about Angel Investing on a national and local scale for BSW16 Boulder Startup Week 2016. He shares some stories and data on Foundry Group's FG Angel Syndicate experiment and thoughts on what the Angel Ecosystem as a whole can do better.

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

  1. 1. Lets Get Real About Angel Investing Seth Levine @sether
  2. 2. Join the Conversation #BSW16 @sether
  3. 3. @sether US Angel Funding Trends
  4. 4. @sether *Estimated *
  5. 5. @sether Colorado Seed Funding Trends
  6. 6. @sether
  7. 7. @sether
  8. 8. @sether Denver vs. Boulder
  9. 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
  10. 10. @sether Seed Stage in CO ~
  11. 11. @sether FG Angels
  12. 12. @sether FG Angels # of Deals per Month Source: FG Angel Data
  13. 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. 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. 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. 16. @sether FG Angels Goals: ✓ Understand AngelList and Syndicates ✓ Experiment with seed investments outside of FG themes ✓ Extend our network ✓ Generate economic returns
  17. 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. 18. @sether History of Angel Investing in Colorado
  19. 19. @sether As an ecosystem we can do better
  20. 20. @sether Too scattered Too much process Too many gate keepers We’re not putting entrepreneurs first
  21. 21. @sether More transparency Be visible Be authentic Angel’s mentoring Angel’s
  22. 22. @sether Don’t over-educate $10K is not a lot of money Dedicate capital
  23. 23. @sether Diversify Have Fun
  24. 24. @sether You are not the market
  25. 25. @sether We are especially bad at supporting women and diversity in Technology and Entrepreneurship
  26. 26. @sether
  27. 27. @sether This deck is on SlideShare and can be viewed at: bit.ly/sethangelco
  28. 28. Questions? seth@sethlevine.com @sether
  29. 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

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