BUS 314 Lecture Notes - Lecture 10: Disruptive Innovation, Flickr, Angel Investor

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 314
• Professor: Andrew Harries

Document Summary

Traditional vc is used in this case: old vc = to mean the multi-hundred million, or billion, dollar funds of the last decade. New vc funds, micro-vc, vc2. 0 and angel funds are new models we"re still figuring out. Early exits workshop is about what actually works today. To have any hope of liquidity in just 5 years. I managed the bc tech fund for 3 years. As a fund manager, i had to focus intently on exits during screening and post investment. During that period, i made 9 investments. Had 3 exits 2 acquisitions and an ipo. #1 canadian vc tech fund of that vintage: focusing on exiting = huge returns. In the right companies: at the right valuation, with the right terms, 2. We spend a lot of time on the investing part. Angel investors + entrepreneurs would have: more fun, more money. Angel investing today is where traditional vc was in the early 1980s.