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Why are Angels important?

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What are the negatives?

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How have Angel’s invested over the last three years?

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Venture Funding Landscape
Venture Capital
Funds

Formal Angel
Groups

High Net Worth

Individuals

Friends &
Family

STAGE
Seed Start-Up Early (First) Second Later (Third)
<-3/*$+&&:$"=$/&M-/&H$"=3/$&L$;$)/*9&SR[&-M&\$K&])>?;9(/$V5&^EY&0"=/$?/$"$3/;9(?&:$"=$/
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Identified Segments
](#9

VCs
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Clubs
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F&F
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Managing the IP Lifecycle
Revenue Generation:
IP Licensing, Product
Sales & Services Revenues
Products, Process
Technology & Systems with
Underlying Trade Secrets
Corporate Identity:
Trademarks,
Copyrights & Brands
Patents &
Related Claims

STAGE
Seed Start-Up Early (First) Second Later (Third)
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Managing the IP Lifecycle
Company “T”:
IP business model, IPO,
valuation of $1.5 billion
Company “V”:
IP-rich, Revenue is WIP
(Severe Competition)
Company “C”:
IP-rich, Revenue-poor
(Execution Failures)
Company “S”

STAGE
Seed Start-Up Early (First) Second Later (Third)
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