Comments on: Angel financing – Due diligence http://startupnorth.ca/2008/03/02/angel-financing-due-diligence/ Canadian Startup Community Fri, 03 Feb 2012 02:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sylvain Carle http://startupnorth.ca/2008/03/02/angel-financing-due-diligence/comment-page-1/#comment-10012 Sylvain Carle Tue, 04 Mar 2008 04:01:04 +0000 http://www.startupnorth.ca/2008/03/02/angel-financing-due-diligence/#comment-10012 yeah, a few typos in my comment, funniest one being the mixup between "angel investing" and "angle investing" in my last paragraph. Choose the right angle, for sure! ;-) yeah, a few typos in my comment, funniest one being the mixup between “angel investing” and “angle investing” in my last paragraph. Choose the right angle, for sure! ;-)

]]> By: Sylvain Carle http://startupnorth.ca/2008/03/02/angel-financing-due-diligence/comment-page-1/#comment-1248 Sylvain Carle Tue, 04 Mar 2008 04:01:04 +0000 http://www.startupnorth.ca/2008/03/02/angel-financing-due-diligence/#comment-1248 yeah, a few typos in my comment, funniest one being the mixup between "angel investing" and "angle investing" in my last paragraph. Choose the right angle, for sure! ;-) yeah, a few typos in my comment, funniest one being the mixup between “angel investing” and “angle investing” in my last paragraph. Choose the right angle, for sure! ;-)

]]> By: Sylvain Carle http://startupnorth.ca/2008/03/02/angel-financing-due-diligence/comment-page-1/#comment-10011 Sylvain Carle Tue, 04 Mar 2008 03:59:18 +0000 http://www.startupnorth.ca/2008/03/02/angel-financing-due-diligence/#comment-10011 re: future financial projections I would add : a common understanding between the angel investor and the entrepreneur that most of the angel money will be used to "discover" what is the real business model of this startup. Most serious entrepreneurs have a good idea of the general direction where the money lies, but since the devil is in the details and money is the root of all evil (to quickly paraphrase and mashup!) - angel investors and entrepreneurs should have a process to re-assess this frequently in the first year (or two or three, and by process, a "honest talk over drinks" can qualify, for some value of honest). This might seem like a paradox, and we must admit an enduring one in the northern part of the american continent, but real innovations are not born from common sense, risk is a real part of angle investing and startups (great post on audacity on startupnorth today - http://www.startupnorth.ca/2008/03/03/always-be-audacious-otherwise-you-are-just-boring/) re: future financial projections

I would add : a common understanding between the angel investor and the entrepreneur that most of the angel money will be used to “discover” what is the real business model of this startup.

Most serious entrepreneurs have a good idea of the general direction where the money lies, but since the devil is in the details and money is the root of all evil (to quickly paraphrase and mashup!) – angel investors and entrepreneurs should have a process to re-assess this frequently in the first year (or two or three, and by process, a “honest talk over drinks” can qualify, for some value of honest).

This might seem like a paradox, and we must admit an enduring one in the northern part of the american continent, but real innovations are not born from common sense, risk is a real part of angle investing and startups (great post on audacity on startupnorth today – http://www.startupnorth.ca/2008/03/03/always-be-audacious-otherwise-you-are-just-boring/)

]]> By: Sylvain Carle http://startupnorth.ca/2008/03/02/angel-financing-due-diligence/comment-page-1/#comment-1247 Sylvain Carle Tue, 04 Mar 2008 03:59:18 +0000 http://www.startupnorth.ca/2008/03/02/angel-financing-due-diligence/#comment-1247 re: future financial projections I would add : a common understanding between the angel investor and the entrepreneur that most of the angel money will be used to "discover" what is the real business model of this startup. Most serious entrepreneurs have a good idea of the general direction where the money lies, but since the devil is in the details and money is the root of all evil (to quickly paraphrase and mashup!) - angel investors and entrepreneurs should have a process to re-assess this frequently in the first year (or two or three, and by process, a "honest talk over drinks" can qualify, for some value of honest). This might seem like a paradox, and we must admit an enduring one in the northern part of the american continent, but real innovations are not born from common sense, risk is a real part of angle investing and startups (great post on audacity on startupnorth today - http://www.startupnorth.ca/2008/03/03/always-be-audacious-otherwise-you-are-just-boring/) re: future financial projections

I would add : a common understanding between the angel investor and the entrepreneur that most of the angel money will be used to “discover” what is the real business model of this startup.

Most serious entrepreneurs have a good idea of the general direction where the money lies, but since the devil is in the details and money is the root of all evil (to quickly paraphrase and mashup!) – angel investors and entrepreneurs should have a process to re-assess this frequently in the first year (or two or three, and by process, a “honest talk over drinks” can qualify, for some value of honest).

This might seem like a paradox, and we must admit an enduring one in the northern part of the american continent, but real innovations are not born from common sense, risk is a real part of angle investing and startups (great post on audacity on startupnorth today – http://www.startupnorth.ca/2008/03/03/always-be-audacious-otherwise-you-are-just-boring/)

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