Haynes and Boone
May 6, 2003 - Dallas, Texas
Do's and Taboos of Raising Venture Capital
by Charles D Powell
| Capital Committed to VC Funds in the US ($) and Return Importance of Angel Investors • 80% of recent Inc. 500 bootstrapped initial capital using non-traditional source of funding1 • 5% raised initial capital from venture capital1 • 1996 - $30 billion angel funding $10 billion venture capital2 1. Angel Profile • Do’s for Entrepreneurs. Find angels who are: – Super “accredited” – Founders of multiple successful companies – “Serial Entrepreneurs” – Gold plated rolodex – access to top venture capitalists, attorneys, etc. – Hands on – very demanding – Wants to be involved in business (and provides value) – Super mentor – “been there, done that” Chuck’s Do’s and Don’ts |
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