BU403 Lecture Notes - Lecture 1: Angel Investor, Due Diligence
Document Summary
Slide 26: due diligence should take 60-90 days but sometimes only have limited time available. Slide 28: proteocyte diagnostics doesn"t need to get approved but needs to get accepted by the profession which can take a long time, high uncertainty of outcome. Slide 29: not just about active investing, should also actively monitor. Slide 30: up round -> instead of per share, you pay more later on, as an angel investor, don"t hold onto company; not in it for dividends, exit. Slide 31: one angel must take more active role, need to sit on board and take part in management discussions. Should have a summary slide deck from board meetings to all investors: not all companies (1/3 do) Should always have someone from each round of financing sitting on the board. Slide 32: typically not all generate a return, cap table shows , pitchbook. Feddev is government team that provides money to start up a company.
