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The Curse of a Modest Exit

Steve Reich

We never did really figure out how to monetize the app itself, but the team kept up a weekly email dialogue with active users. DuWayne Peterson, founding chairman of the Pasadena Angels, told me we should be targeting companies that needed modest capital to hit a 3-5x outcome. Angel Investing pasadena angels'

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Counting Angels

Steve Reich

How many Angels do you want in your cap table? Mark Suster wrote a great piece in July giving his answer: “If all else fails, angel-load away! If you can’t raise from a few strong angels, from seed funds or from a VC then raising from a ton (let’s say 20+) angels is a perfectly acceptable strategy.

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