What Angel Investors Need to Know About Tech Startups
Elaine Gilde is a board member of New York Angels, a “top-ten” angel group in the U.S. As a founding board member, she helped to build this 125+ member group into a preeminent force in the early stage start-up world. Ms. Gilde invests through her own angel investment vehicle, Grove Street Capital LLC. Ms. Gilde has a diverse portfolio of start-up investments, focusing on business services and FinTech, and in areas where an innovative approach will make a difference. She sits on corporate boards and advisory boards of investments and is adept at thinking strategically to create world-class companies. She has realized successful exits and guided start-ups through the challenges of business building. In her career, Elaine was a Managing Director (partner) at a private equity firm and led merchant banking investments while an investment banker on Wall Street. She began her career as a strategy consultant at McKinsey & Company. She holds an A.B. from Harvard College and an M.B.A. from Harvard Business School.
“Good” investment opportunities don’t exist. Start-up investing is risky. Out of ten investments, only one or two will outperform your highest expectations. Luckily, you only “need” one to become a rocket to make up for all the disappointments. Start-up investing requires patience—even a rocket can take 7-10 years (or more) to exit. When making an investment, you need to make sure the company has a great team and a business focus with huge potential (or a smaller market to dominate).
See beyond the standard elevator pitch
Find a great team that has a business focus with huge potential
Look for whats missing in the pitch