Ron Conway (Angel Investors LP), Mike Maples Jr. (Floodgate) - Angel Investing Revealed
Entrepreneurial Thought Leaders (ETL)
00:00
The Importance of Adding Value to Your Fundraising
Getting angel money gives you a broader range of exit options. Mike doesn't look at exit as a number, he looks at it as a probability distribution curve. What I like to say to an entrepreneur is let's go for the billion dollar exit. But before we go raise $5 million this is really uncertain. We don't really know what's going to happen. Let's raise more like a million and after 12 months, 18 months we'll know if we want to go for the huge outcome or maybe we'll have a little bit more information about less attractive but still realistic exit.
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