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I am a junior angel in Silicon Valley. AMA

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Re: I am a junior angel in Silicon Valley. AMA

#91
post #89

Let's say you invest 25k in a company. What's your expectation on when you will receive money, and how much are you expecting to receive?

I don't really think that way. Instead: will this be an enterprise worth being involved with? For example, are they going to change the world and make people's lives slightly better? Or do they, I dunno, write boring iPhone apps?

So you're doing it to improve the world and not for the money?

Re: I am a junior angel in Silicon Valley. AMA

#92

When will you do something outside of tech? ie- food type of establishment (I see you mention this desire here a lot).

When I have a big enough purse that I can invest in things that will almost certainly lose money (unlike startups, where it's just probable.)

Re: I am a junior angel in Silicon Valley. AMA

#93
post #16

Earlier quoted context omitted.

I think the Valley offers much easier access to funding. There are also lots of support organizations here -- lawyers, banks, etc, who will understand your needs much better. I don't understand b2b and am terrified of it.

What terrifies you about b2b (besides not understanding it)?

Sales. Seems very hard. Not that that route is bad but I understand b2c better,

Re: I am a junior angel in Silicon Valley. AMA

#94
post #75
post #61

Earlier quoted context omitted.

Not really. I wish you'd do something bigger. You certainly have what it takes. I hope appointment reminder turns into that thing. (Also, ++ for using Twilio)

I'm cautiously optimistic. Bigger, though, is just a side effect of playing a game well, not a goal I really go after for it's own sake. Pick a name out of your Rolodex, any name: I wouldn't trade my life for his for all the tea in China.

Thank you for this perspective. I was recently thinking about how hard we strive to become the best at what we do, and how hard it is to actually know if/when you have gotten there (let alone how long you will be there if you get there) and thus it is a horrible thing to hang our sense of significance and worth on. I don't know the specifics of how you define your sense of contentment, but it seems pretty clear that you do.

Re: I am a junior angel in Silicon Valley. AMA

#95
post #83
post #73

Earlier quoted context omitted.

I dunno that one. It's typically not much.

For a typical advisory board member, usually .1 to .2% of company for a year's service, typically fully vested on grant (e.g., on a 10M share model, 10K or 20K shares/yr). This can vary widely, of course, for special cases, but something along these lines is probably the norm in the Valley. As you note, not much.

This is why you hire a venture lawyer and not your uncle's friend's brother.

Hi grellas, I am a fan.

Re: I am a junior angel in Silicon Valley. AMA

#96
post #87
post #79

In general how far along is the startup by the time you invest?

I really want to see a working prototype first. Rarely do i invest without that.

With that in mind, how do you feel about all of the people who rushed to send money to the NYU kids with the 'Facebook killer' in mind?

Re: I am a junior angel in Silicon Valley. AMA

#98
post #93

Earlier quoted context omitted.

What terrifies you about b2b (besides not understanding it)?

Sales. Seems very hard. Not that that route is bad but I understand b2c better,

What attributes of twilio/weatherbill made you overcome this fear?

Re: I am a junior angel in Silicon Valley. AMA

#99
post #89

Earlier quoted context omitted.

I don't really think that way. Instead: will this be an enterprise worth being involved with? For example, are they going to change the world and make people's lives slightly better? Or do they, I dunno, write boring iPhone apps?

So you're doing it to improve the world and not for the money?

I call false dichotomy.
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