天使投资人与风险投资.pptVIP

Summary There are not definite pros cons Angels are a great way to start Do you believe in Angels? I do THANK YOU !#% Why do Angels Exist? Tax Benefits Why do Angels Exist? It’s Fashionable Cool VC TYPES – ENTREPRENEUR POV 8 VC Types – Seed Funds Invest small amount of money in early stage, with no promise for recurring investment VC Types – Israel Top Five - Has more then $100M fund - Known for its smart and beautiful partners* * Yaron from Giza VC is a great example VC Types – International Enables you to tell everyone you now have direct access to Steve Jobs, Balmer and God VC Types – Famous Proven winners - Index Ventures invested in VC Types – Top Tier Sequoia Draper Fisher Jurvetson ANGEL TYPES– ENTREPRENEUR POV 9 Angel Types I Rich Industry Expert / Entrepreneur (Eduardo Shoval) Angel Types II Super Angel (Yossi Vardi / Paul Grahm) Angel Types III Richie Rich Oil / Real-estate / Diamonds / Weapons Angel Types IV The Gambler Angel Types V Family BOARD OF DIRECTORS 10 Board Of Directors The board represents the share-holders (investors) Board Of Directors The board devises tactics and strategies for the company Board Of Directors The CEO is responsible for executing board decisions Board Of Directors Entrepreneurs CEO keep the board up-to-date Board Of Directors An effective board: Smart and self-conscience members One member+ is an industry expert INVESTOR RIGHTS 11 Investor Rights Voting Rights Are Dangerous (Try to avoid them) Investor Rights Veto Rights Are Lethal (Unacceptable) ANGEL-MAINTENANCE TECHNIQUES 12 Angel-Maintenance Techniques Angel turns into Devil: Conflict of Interest Disappointment Greenmail Ignorant / Boarder Line Disorder Angel-Maintenance Techniques Proxy Mechanism - Protect the company from its investors Protect the investors from themselves Protect the individual investor from himself Angel-Maintenance Techniques Define a board representative for the angels with past experience ANGEL VS