Angel investing involves active mentoring and coaching of an early stage management team towards a successful exit or additional funding, probably from a venture capital firm. This book sets out a comprehensive and rigorous process which will help the Angel generate deal flow, evaluate investment proposals and manage the investment and subsequent harvest. The book also provides a useful guide to managing operational risks in the venture.
Many high net worth individuals are reluctant to invest in early stage entrepreneurial ventures because they are unsure of how to evaluate the investment or to manage their involvement. Even those that do undertake a limited number of investments are unsure how to best structure the deal or when to intervene to ensure their investment is protected.
This book sets out:
- The role that Angels play in early stage ventures
- How they should generate a deal flow
- The manner in which they should evaluate potential investments
- How Angel Funds and Angel Networks work
- The contribution Angels should make to their investee firms
- How they should structure the investment deal
- How to develop a viable exit strategy
- The role of professional advisors
- Guidelines for operations risk management
Successful Angels know that investing in entrepreneurial ventures is more than just providing finance. There is an active involvement of the Angel in all aspects of the business.
Successful Angel investing is active investing which requires the Angel to find the right investments to suit their personal knowledge, time and interests. Angel investors enjoy what they do but they also understand the risks involved. Those risks are substantially reduced with a systematic approach to the selection, management and harvesting of their investments.
Most wealthy individuals mistakenly believe that Angel Investing is beyond their means or outside their range of experience, but with the emergence of Angel Networks and Angel Funds, the majority of wealthy individuals can now participate in this class of investment.
1. Business Angels make a difference
2. An Angel profile
3. Sources of Private Equity
4. Your Angel activity profile
5. Strategic vs. Financial investments
6. Build a deal pipeline
7. Evaluating possible investments
8. Entry and exit considerations
9. Agreeing the investment
10. Managing your investments
Dr. McKaskill is a member of the Brisbane and Melbourne Angel Groups and has extensive practical experience as an entrepreneur and uses this hands-on knowledge to ensure that his books are pragmatic and easy to understand. Because of his extensive academic qualifications, he is able to relate theory to practice in a manner which brings insights into everyday problems faced by Angel Investors.
Dr. McKaskill has published extensively across a range of topics critical to entrepreneurial success including books on venture growth, selling a business, raising angel and venture capital, angel investing and acquisition strategy.
Dr. Tom McKaskill:
Global serial entrepreneur, educator, author and angel investor, Dr McKaskill is an authority on how entrepreneurs’ start, develop and harvest their ventures. He is the world’s expert on exit strategies for high growth enterprises. His experience includes multiple start-ups in the UK and USA, raising venture capital twice, undertaking two acquisitions and strategic trade sales of three businesses.
Dr. McKaskill has qualifications in Economics, Accounting, Marketing and Manufacturing. Recently retired from the Richard Pratt Chair in Entrepreneurship at the Australian Graduate School of Entrepreneurship, Dr. McKaskill is the author of 14 books covering such topics as new venture growth, raising venture capital, selling a business, acquisitions strategy and angel investing.