Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups

Contents

Foreword Reid Hoffman

Introduction: How I Became An Angel Investor

Part I The Basics of Angel Investing

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

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

3 The Portfolio Theory of Angel Investing: Why Every Angel Needs to Invest in at Least 20 Companies

4 The Financial Life of a Startup: Where Angels Fit in the Big Financing Picture

Part II The Nuts and Bolts

5 Develop Your Deal Flow: Sourcing and Identifying High-Potential Opportunities

6 Bet the Jockey, Not the Horse: Evaluating the Entrepreneur and Picking the Right One to Back

7 Here Comes the Pitch: Listening to the Story Does It Make Sense for Your Portfolio?

8 Look Under the Hood and Lead a Deal: Coordinating Due Diligence and Running the Show

9 Valuations and Expectations: Discovering the Secret Economics of the Angels

10 Investment Rounds and Their Forms: Common Stock, Convertible Notes, or Preferred Stock?

11 The Art of the Angel Deal: Negotiating a Win/Win Relationship with Your Entrepreneur

12 Term Sheets and Closing: Trust Everyone...but Cut the Cards Anyway

13 After the Investment: Managing Your Portfolio and Adding Value as an Active Angel

14 Exits and Other Unicorns: Getting Your Money Out Makes All Things Right

Part III Your Place in the World of Angels

15 The Entrepreneurship Financing Ecosystem: Grants, Venture Capital, Accelerators, and Other Players

16 Building Your Angelic Reputation: ...