Managing Members, Guiding Presentations and Finding the Right Angel Investor Deals
Angel investing has long been an important source of financial support and mentoring for new and growing businesses, bridging a gap between individual and institutional venture capital rounds of financing or being the only source of external financing. Over the past several years, the number and types of organized business angel groups has grown, and the business models for the groups continue to evolve. These organizations are generally better financed than ad hoc groups of individual investors, but they also face their own organizational and structural challenges. This paper outlines some of the lessons shared among business angel investment groups around North America during an “Angel Organization Summit” held in October 2002.
Best practices shared by the 25 groups participating in the summit include: managing membership participation, coordinating company presentations, finding the right fit for potential investments and working with other investors, particularly venture capitalists and other angel groups.
MANAGING PARTICIPATION OF MEMBERS
Since angel groups are disaggregated organizations of individual investors, one key goal for angel group leaders – whether they are members themselves or hired managers – is to maintain appropriate levels of member involvement and application of members’ expertise. Strong member involvement ensures that the group provides more value-added contributions Continue reading
Want to brush up on your linguistic skills? Mount Allison University is pleased to offer non-credit conversational French courses in Moncton starting February 12. Introductory and intermediate classes are being offered to meet a wide range of skills and interests.
Heather Patterson, Mount Allison’s director of continuous learning, says, “Whether you are just learning French or simply wish to brush up on your skills, we have courses that fit the bill as they offer not only Continue reading
Philip Morris News
A Philip Morris Cos. executive said the nation’s largest cigarette maker is willing to discuss some government regulation of the embattled tobacco industry.
Senior vice president Steven Parrish said the company still opposes efforts by the Food and Drug Administration to classify and regulate tobacco as a drug, an issue at the core of a pending U.S. Supreme Court case.
However, Parrish said he has met recently with U.S. Continue reading
A Higher-than-expected earnings for the fourth quarter and credited strong performances by powerful new versions of its Pentium chips. Intel reported net income of $1.7 billion, which was down from $1.9 billion. Revenue rose to a record $6.5 billion from $6.4 billion. The Santa Clara, Calif.-based computer chip maker said it expected its revenue for the first quarter of 1998 to be about flat with the last quarter’s $6.5 billion.
Apple Computer said Wednesday it returned to profitability in the latest quarter, buoyed by the introduction of its Power Macintosh G3 computers in what it called its most successful product launch ever. Apple, which lost about $1.8 billion in its last two full fiscal years, reported a profit of $47 million, or 37 cents a share, for its fiscal first quarter ended Dec. 26. That compared with a loss of $120 million, or 96 cents a share in last year’s fiscal first quarter. Revenues, however, fell to $1.6 billion from $2.1 billion.
A U.S. federal judge Wednesday adjourned a hearing into whether Microsoft violated his order regarding its Windows 95 licensing practices, saying he would hear final arguments Jan. 22. U.S. District Judge Thomas Penfield Jackson Continue reading
Morning Business News
Stocks change little during election wait
Stocks meandered in light trading and then closed little changed Tuesday as investors held their bets to await direction from a cliffhanger presidential election.
Blue chips fluctuated in and out of positive territory as financial, defense and health care stocks gave back some of their gains from Monday. Technology stocks were volatile for a second day, pulled lower by concerns related to Cisco Systems’ earnings.
U.N. Dollars logs onto Web in $2 M deal
Jacksonville-based U.N. Dollars, which has been making investments in oil-and-gas businesses, said Tuesday it acquired an Internet company called Slide9 Networks Inc. for $2 million in U.N. Dollars stock.
Slide9 provides Internet connectivity and Web site services. Slide 9 expects to begin test marketing its service in the Tampa area this month and projects revenue of more than $200,000 a month by the end of its first year.
Office Depot warns of slacking sales in fall
Delray Beach-based Office Depot announced Monday its fourth-quarter Continue reading
Americans’ credit use slowed in September
Americans slowed their borrowing in September as they cut back on the use of credit cards and auto loans amid a slowing economy.
The Federal Reserve said Tuesday that consumer credit increased by a seasonally adjusted $6.5 billion in September, or 5.2 percent at an annual rate, the slowest pace since October 1999.
Consumer credit in August grew by $12.3 billion, or at a 10.1 percent rate, according Continue reading
Pets.com is Out of Business
The San Francisco-based online retailer, known for its commercials with a sock puppet dog and the slogan ”Because pets can’t drive” — said yesterday it is closing down after failing to find a financial backer or buyer.
Pets.com said it is laying off 255 of its 320 employees and plans to sell the majority of its assets, including inventory, its distribution center equipment, its Web site address and its Sock Puppet brand. The company turned the company mascot into a marketing icon this summer, selling the licensed puppet, along with accessories, to toy stores nationwide.
The company’s e-commerce site will no longer be taking orders after Continue reading
1. Name of Firm. State the legal name of the business.
2. Owner or Owner-To-Be. State owner(s) name(s), as well as the form and percent of ownership.
3. Information on the Business
- a. Type of Business and Product or Service.
- State the general and specific nature of the business (i.e.,general -energy-, specific – oil, solar, wind: or general – food; specific restaurant, catering, farming, ice cream parlor, bakery).
- State the type of business(manufacturing, service, construction, wholesale, retail,other).
- State the company’s goals and electives.
- Describe your products and/or services.
- State who buys the product/service and who the final users Continue reading