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The TechCoastAngels had great exit last year in Green Dot - anything which, in hindsight, made this one a home run? We've heard some entrepreneurs who have had some difficulty figuring out how to work with angels. Mike Napoli: I think it was the entrepreneur. Mike Napoli: The main thing is to do you homework.
Encourage the most successful LA tech entrepreneurs who had previously started companies to get involved as mentors, instructors or just informal advisors. John Morris from the TechCoastAngels was encouraging me to do something similar. We decided to be less formal about the mentor / mentee relationships.
. “While most angel groups don’t post a list of members, they do publicize the companies they’ve funded on their websites,” says Richard Sudek, a member of TechCoastAngels , a group in southern California whose members invested about $6.2 million in 2010. million in 2010. Skip the jargon.
At a recent accelerator event on the West Side, a friendly young founder told me that he had been coached by his mentor not to talk to Angel groups. As a Pasadena Angel, I wanted to be shocked, but I wasn’t. The Angel funding process can be arduous.
He is Director of the Leatherby Center for Entrepreneurism and Business Ethics, and Chairman Emeritus of the TechCoastAngels, the largest angel group in the United States. Seek advice from mentors and other entrepreneurs who have been down this path before. One time I was brought in to coach two partners.
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