Webinar

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Webinar "Best Practices What Are Universities
Doing to Create University Startups Angel
Investing
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The only place you'll find success before work is
in the dictionary! www.glangels.org
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• Who are Angels?
• High Net Worth Individuals
• Successful Business Executives
• High Reward / High Risk Investors
• Active or Passive
• Have day job
• Arrangers / Mentors

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• Angels Versus VCs?
• Private investors writing personal checks!
• Patient investors
• Like to Mentor, offer help
• Not after equity control
• Willing to syndicate deals, like VCs
• Write smaller checks than VCs
• Will co-invest with VCs

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• Angel investor needs
• IP needs to be held by Newco as soon as possible
  for funding ability
• No onerous terms on payment of patent filings,
  equity position, royalties
• Reasonable handling of COI
• Faculty realistic understanding of Valuation,
  Terms and need or Professional Business type CEO

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• What GLA seeks in a company
• Management with domain experience
• Real problem with pain!
• Significant market ability to penetrate
• Solutions customers will pay for!
• Strong IP
• Scaleable business, fast track
• Defined exit strategy

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Equity Capital Markets Large, Complementary
Mostly later stage 3,008 deals 22B
Early Stage Late
23B 49,500 deals Mostly early stage
761 Early Stage
184 Seed
2005 Angel Investment source UNH CVR
2005 VC Investment source NVCA/PWC/VE
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www.glangels.org Serving investors
entrepreneurs in the Great Lakes Region