Fund: New York Angels
Posted by Anonymous on 2008-02-18
David S. Rose bills himself as a "pitch coach" but advises entrepreneurs to give away 33%-50% of their company in an angel round. See this note he sent to an e-mail list of young tech entrepreneurs:
"A typical NYA portfolio company may have already raised $50K from the founder, and perhaps another $200K from friends and family. We might then invest $250K-$750K as part of a round of up to $1m, at a pre-money valuation of $1-2 million."
Other than that, the NYA is a a solid group with an awesome membership roster, and David's an otherwise good guy.PRIVATE: Members Only (91 Characters)