Oh, go ahead and ask for a five-million-dollar investment in your startup.

By Dave Berkus, Chairman Emeritus, Tech Coast Angels

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business.

Four reasons you should reconsider.

First, few startups can use that much money today with all the virtual services available and increasingly inexpensive methods of development, prototyping and marketing.… Read the rest

Seed is the New Series A, and Series A is the New B

By John Harbison, Chairman Emeritus, Tech Coast Angels

More money is being raised before Series A, and companies which receive Series A rounds are further along in terms of being in revenue and are raising significantly larger rounds at higher valuations.… Read the rest