May 2012

May 2012

As part of the Melbourne Angels we are updating and perfecting our processes. Screening, deal making and Due Diligence (DD) are the three main processes for any Angel group, and should be constantly compared with other Angel groups. Am redesigning the screening process, something I not only like but (in all modesty) think I am good at.

As we all know but prefer not to talk about is the fact that sometimes investments don’t turn out the way we thought and hoped they would. Am currently experiencing that with one of my investments. Apart from the financial point of view, think the emotional journey can be even more disturbing. Am currently at the juncture of either going for a restart or closing down this company. Again, apart from the money, an emotional process. Am very tempted to restart the company with one of the founders and take the “under new management” approach. Two other investors (VC’s) have decided to drop the company. Is it a new opportunity or throwing good money after bad? Stay tuned……

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