Angel Investing
How to Angel Invest: How Much to Invest

Disclaimer: This blog post should not be viewed as investment advice. Investors should speak to their investment advisor before making any investments. The ideas in this post are a summary of ideas presented by David Rose in his book, Angel Investing. […]


Angel Investing
How to Angel Invest: Understanding Risk

Before you begin throwing money at startups, it’s important to understand the risk involved with investing. Venture capitalist, Sammy Abdullah, believes “angel investing is the absolute hardest thing to do in investing.” Angel investing can be fun and exciting, but […]


Angel Investing
How to Angel Invest: Where to Find Deals

After confirming your accredited investor status, the next step is to find promising companies. Serendipity is definitely a factor; however, you can approach finding deals in a systematic way. Identify Local Angel Networks Local angel networks are the safest and […]


Angel Investing
How to Angel Invest: What is an Accredited Investor?

Who can play the game Angel Investors are individuals who provide seed or startup financing to entrepreneurs. If you give your little brother a few hundred dollars to start a business, technically, you’re an angel investor. However, the more intricate […]


Angel Investing
How to Angel Invest

You’ve noticed it everywhere. Whether you see Mr. Wonderful grilling someone on Shark Tank, hear about Kevin Durant building a tech empire and basketball dynasty in California, or read about George Clooney selling a Tequila brand for $1 billion, everyone […]


Funding & Capital Raising
Pricing Stock Options (What’s a 409A?)

This blog was originally published in June of 2018 but was revised in February of 2025 and is still accurate. As I wrote last time, equity is currency for startups. As you launch your startup, you’ll likely be granting some […]


Funding & Capital Raising
Grant Your Equity Wisely

Which conversation would you rather have? “So…that 10% equity we gave you last year – yeah, I’m gonna need half of that back,” or “Thanks so much for everything you’ve been doing for the company; here’s another 3% equity!” As […]


Funding & Capital Raising
Dilution Done Well

The word dilution may sound scary to the uninitiated, but it shouldn’t. In fact, dilution is a good thing when done appropriately. The adage is that you’re better off owning a little piece of something worth a lot then owning […]


Funding & Capital Raising
Why You Should Be Anti Anti-Dilution

A client, who had already raised some money and thus had a few people on his cap table, came in recently with a term sheet whereby the prospective investor had requested “anti-dilution” protection. If you’re not familiar with anti-dilution, it […]


Funding & Capital Raising
How Founder “Vesting” Really Works

Vesting is the process whereby a recipient of equity earns the equity, or the right to purchase it in the case of options, over time. As I mentioned in my last post, the typical schedule is 4 years with a 1-year cliff. […]