Autorentext

DAVID S. ROSE is a serial entrepreneur, Inc. 500 CEO, and renowned early stage investor, described by Forbes as "New York's Archangel". He is the Founder of New York Angels, Associate Founder of Singularity University, and Founder of Gust, the global startup platform connecting over a million startups with over 100,000 investors.

Klappentext

A practical roadmap to achieve annual returns of 25% or more with a well-designed angel portfolio

Angel Investing is a comprehensive, entertaining guide that walks readers through every step of the way to becoming a successful angel investor. From building your reputation as a smart investor, to negotiating fair deals, to adding value to your portfolio companies and helping them implement smart exit strategies, this book provides both the fundamental strategies and the specific tools you need to take full advantage of this rapidly growing asset class.

Written by David S. Rose, the founder of Gust, the global platform that powers the world of organized professional angel investing, this revised and updated edition delivers insights on:

• Why everyone with six figures to invest should consider angel investing, plus the non-financial rewards of angel investing
• How to source and identify high-potential opportunities, and build your angelic reputation so that the best deals come to you
• The impact of AI and advancing technology on angel investing and why you absolutely must completely understand the concept of exponential growth
• The impact of crowdfunding, syndicates, and the global revolution on angel investing
• Major angel investing blogs, groups, and courses to explore
  The fully revised and updated edtion of Angel Investing is an essential read for all investors seeking to establish a long-term view and approach to angel investing as a serious part of an alternative asset portfolio while also enjoying being an integral part of exciting new ventures.

Inhalt

Foreword by Reid Hoffman xi

Introduction: How I Became an Angel Investor xv

Part I The Basics of Angel Investing 1

Chapter 1 The 25 Percent Annual Return Why Everyone with Six Figures to Invest Should Consider Angel Investing 3

Chapter 2 Plus, It's Really Fun The Nonfinancial Rewards of Being an Angel 21

Chapter 3 Risks and Returns Going In with Your Eyes Wide Open 37

Chapter 4 The Financial Life of a Startup Where Angels Fit into the Big Financing Picture 4

Part II Economics, Portfolios, and Your Personal Thesis 49

Chapter 5 The Secret Economics of the Angels What That Means for Valuations and Expectations 51

Chapter 6 The Portfolio Theory of Angel Investing Why Every Angel Needs to Invest in at Least 20 Companies 67

Chapter 7 Developing Your Personal Investing Thesis Determining What Makes Sense for Your Portfolio 77

Chapter 8 Impact Investing Doing Well While Doing Good 85

Part III Deal Flow, Selection, and Due Diligence 91

Chapter 9 Generating Your Deal Flow Sourcing and Identifying High-Potential Opportunities 93

Chapter 10 Building Your Angelic Reputation Getting the Best Deals to Come to You 103

Chapter 11 Bet the Jockey, Not the Horse Evaluating the Entrepreneur and Picking the Right One to Back 109

Chapter 12 Catching the Pitch Welcome to the Shark Tank! 121

Chapter 13 Look Under the Hood and Lead a Deal Coordinating Due Diligence and Running the Show 133

Part IV Deal Structuring and Negotiation 141

Chapter 14 Investment Forms and Their Functions Notes or Equity? Direct Investments or Syndicates? 143

Chapter 15 The Art of the Angel Deal Negotiating a Win-Win Relationship with Your Entrepreneur 157

Chapter 16 Term Sheets and Closing Trust Everyone ... But Cut the Cards Anyway 165

Chapter 17 Joining an Angel Group Increasing Your Opportunities and Reducing Your Risks 171

Part V Post Investment: Adding Value and Exiting 181

Chapter 18 After the Investment Managing Your Portfolio Through Good Times and Bad 183

Chapter 19 One Plus One Is Three Adding Value as an Active Angel Investor 193

Chapter 20 The Impact of AI and Advancing Technology Why You Need to Fundamentally Understand Exponential Growth 199

Chapter 21 Exits and Other Unicorns Getting Your Money Out Makes All Things Right 205

Part VI Other Ways to Be an Angel 217

Chapter 22 Crowdfunding, Syndicates, and the Global Revolution Angel Investing for Everyone 219

Chapter 23 Sit Back and Let Someone Else Do the Work Investing in Startups Through Seed Funds and Venture Funds 227

Chapter 24 The Entrepreneurship Financing Ecosystem Grants, Startup Studios, Accelerators, and Other Players 235

Chapter 25 The Gust Online Platform for Angel Investing How to Find, Invest, and Manage Your Angel Portfolio 249

Notes 257

Glossary 261

Acknowledgments 273

About the Author 277

Index 279