Places like New York, Seattle, and the obvious Silicon Valley and San Francisco, are all bursting with startups. Each has numerous accelerator programs, incubators, and attract new graduates. So why would you choose to start your startup in Colorado? Read more
Understanding startup valuations is often a complex and murky process. Peter gives you great insights on what you think you are worth, what you are really worth and also importantly gives you guidance as to understand valuations from the startup to exit.
The latest addition to our educational webinar series, covering startup valuation, is here…
Peter Adams, Managing Director of Rockies Venture Fund and Rockies Venture Club, presented “Understanding Startup Valuation”, covering the fundamentals of valuations and tools entrepreneurs can use when developing their own models.
After founding/co-founding and investing in multiple successful startups, Peter shares what he’s learned – don’t miss out on watching the replay if you haven’t done so yet!
Preview of topics in “Understanding Startup Valuation”:
How to determine valuation on an early-stage, pre-revenue company
Why traditional valuation methodologies don’t work for early stage companies
Why an exit strategy is required in order to conduct a valuation exercise
Valuation methodologies that CAN be used as part of your model
Tools and resources you can use in developing your valuation model
Please, do not ever say these words to an investor. You are essentially telling them to run. It is heard over and over, but it is never true. Maybe no one is doing the exact same thing, but someone is doing something similar and needs to be acknowledged. Read more
Rockies Venture Club has a monthly workshop entitled Pitch Academy. Pitch Academy takes entrepreneurs though the art of the pitch. Yes, it is an art. Slide formation, understanding what information needs to be included and general presentation are all touched upon. A key element of any successful pitch is the voice. The voice acts as a hook. Whether excited or coolly confident, the voice grabs, or loses, the audience. Regardless of product or visuals, if the voice is flat there will be minimal interest. Voice elevates a good pitch, to a great one.
Last week’s Hyperaccelerator has come and gone, and as the dust settles there are a couple standout moments and experiences worth sharing. Overall, we noticed that day 1 to day 6 made all the difference. Not only were the companies more confident in their pitches, they graduated with viable business plans. Read more
AngelList is known for connecting startups with the funding necessary to get their company off the ground. The platform offers more than just that though. AngelList is an essential tool for investors as well. AngelList clearly helps build connections between startups and investors. It also helps build connections between investors. AngelList allows investors to access new deals and investor expertise. The potential to expand one’s network to include people from all around the globe is also a great asset. Read more
It is almost deemed common sense to follow where the money is, but one must also consider where the opportunity is as well. This is where the thought leaders get a head start and potentially receive better returns. The Rocky Mountain region is looking favorable for investing due to recent startup activity and a lack of access to capital.
Recent startup trends are looking favorable for the Rockies. The Rocky Mountain region states are Colorado, Montana, Wyoming, Utah, New Mexico, Nevada, Arizona, and Idaho. All of these states rank high on the Kauffman Index Startup Activity Rank for 2015.
Fishing for Returns
Angel investors should always consider the water they are fishing in. The Rocky Mountain region is setting itself up to look like a stocked pool. With so much start-up activity, angels can afford to be picky while also diversifying their portfolio. Not to say angels should throw their money in the area assuming one will be a home-run type of investment. Yet, they have a bigger selection to compare and contrast similar investments.
The 2015 Annual Halo Report shows that 3 out of 4 Angels invested within their region. However, less than 18% share of all angel dollars are within the Rocky Mountain Region (this yields higher competition among the startups). Therefore, with less money coming from out of the region, and only 18% of total money within, start-ups need to build a well rounded deal to stand-out and gain an Angels attention.
(I.e. More activity doesn’t necessarily equal better returns, but it does yield more opportunity and more investment options. Always do your due diligence/invest smart, but also consider regional activity or trends.)
It’s highly important for entrepreneurs to be prepared when they pitch their startup company to angel investors. Before the pitch, entrepreneurs should prepare by anticipating questions angel investors might ask. If you don’t have thoughtful and reasonable answers, it will definitely reduce the likelihood of an entrepreneurs company getting funded. We’ve prepared a list of key questions angel investors might ask during a pitch.
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