KMTV Omaha… Read the rest
By Dave Berkus, Chairman Emeritus, tech Coast Angels
First, there are at least three types of exits
I’ve been involved with well over twenty successful exits and four initial public offerings over the years, some of them with monstrous gains, some more modest. Then in addition, there are the exits that returned some portion of capital, but nothing more.… Read the rest
New position will make deal flow processes more effective for entrepreneurs and investors
IRVINE, Calif. – April 2, 2019 –Tech Coast Angels (TCA) Orange Countyrecently announced its appointment of Anthony (Tony) Sarris as Executive Director, a newly-created, full-time position.… Read the rest
You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work.
Business plans rarely survive market contact
The truth is that very, very few early business plans survive in a form completely recognizable when looking back a few years. But even with massive changes, the vision and passion usually don’t diminish in the process of morphing a business plan into a profitable business.… Read the rest
By Dave Berkus
Have you ever thought of creating an advisory board? As you can guess, that would be an informal group with no legal responsibilities, but one able to be called upon to act as business, industry and scientific advisors to you and the company.… Read the rest
By Dave Berkus
Give one percent equity to each outside board member vesting over four years of service.
Many early stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best advice, based upon many boards and many years. Pay early stage board members of companies that are not lifestyle businesses one percent of the fully diluted equity in the form of an option that vests over four years of service. You do not pay professional investors who are serving on behalf of an investment company or VC and paid by that company.… Read the rest