Stats on Angel Financings
Some interesting statistics from the Halo Report for the rolling 12 month period ended June 30, 2012:
• Median size of Angel round was $550K.
• Average pre-money valuation for pre-Series A deals by angel groups was $2.7M.
• “Internet” companies received 34% of angel group fundings.
Here is an infographic of some of the findings in the Halo Report:
The Halo report was put together by Silicon Valley Bank, CB Insights and the Angel Resource Institute. You can get a full copy of the report here.
You’ve Got VC Money: The Punchlist
As outside counsel to thousands of VC-backed startups, we are often asked the same questions about what startups need to do after raising their first round of VC financing. Here is a quick and dirty list of those next steps. The action items below are described in…
You’ve Got VC Money: Board Meetings
Board meetings are your opportunity to check in with and give an update to your bosses and get feedback and guidance from the experienced members of your board. It is common for VC-backed startups to have four to six board meetings per year, though this frequency can…
You’ve Got VC Money: Board vs Stockholder Approval
While your financing agreements might have other requirements, below is a nonexhaustive list of the types of corporate decisions that typically require board and/or stockholder approval: Board Approval Is Required to: Stockholder Approval Is Required to: Amend the charter or bylaws. Approve significant corporate transactions (e.g., sale…