By Susan L. Preston
Angel Financing for marketers offers you the knowledge you want to know how angel traders imagine, in addition to the right way to determine investor expectancies, comprehend the funding research method, and get ready for post-investment necessities. Written through Susan Preston, an skilled angel investor, all over the world speaker and advisor on angel financing, and previous Kauffman origin Entrepreneur-in-Residence, this hands-on source, explains the criteria that ascertain how deepest fairness traders spend their funds and what they count on from marketers. For example:- such a lot enterprise capitalists don't put money into seed or start-up financing rounds- traders mostly require pro administration, with winning start-up adventure- traders are searhing for marketers with ardour for his or her rules and the willingness to take and follow sound recommendation- enterprise plans has to be well-written with particular monetary projections that stretch 3–5 years- traders are searhing for a transparent route to profitability within the enterprise version- marketers should have built a company constitution that's fresh and basic- and lots more and plenty extra
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Extra info for Angel Financing for Entrepreneurs: Early-Stage Funding for Long-Term Success
This form of investing is generally considered unsophisticated, but still occurs among angel investors. However, some sophisticated angels take common stock because they want to have the same risks as the founders. Also, companies sometimes refuse to offer preferred stock, so common stock is the only type of equity available. Common Stock (nonvoting) Same preference as the founders in liquidation, dividends, and so on, but without the ability to vote shares on important corporate matters, for members of the board of directors, and so on.
Appendix 8 is a simple convertible debenture (or note) that contains a clause allowing for the automatic conversion of the debenture into preferred stock upon the company raising $3 million dollars. The debenture also allows the holder (an angel investor in this case) to convert it into equity at any time at a preset price per share; rarely is the right of conversion left to the discretion of the company. As the annotations in Appendix 8 explain, convertible promissory notes can have a variety of structures and terms related to conversion price, rate, timing, and other factors.
This kind of instrument will typically convert to preferred stock. Stock or Debenture Investment (with associated options or warrants) Debt instrument with associated options or warrants that provides the investor with an incentive or added benefit for making a risky investment in a start-up company. Guarantor (on line of credit or other debt instrument) Assurance that the angel will assume the holder’s position should the entrepreneur default on the debt instrument through nonpayment of the outstanding debt balance.