[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-09 Terurut Topik eternalbright85
Thanks a lot for the reply XD
its alright really, i understand the reply you sent for the other topic ^^
what i like the most is the free part hehehe
however I'll do that after i became successful XD 
so now i better work hard lol
by the way, the booksabout the CFA are availabe at the site you just
gave me, right?


--- In obrolan-bandar@yahoogroups.com, kang_ocoy_maen_saham
[EMAIL PROTECTED] wrote:

 Oh So U're A Foreigner., Pardon My Previous Reply It Was Written On 
 Bahasa. 
 
 Macro Economics?
 
 well U Should Check these Links
 
  
 http://www.ebookee.com/index.php?tag=80
 
 http://www.esnips.com/_t_/economic?q=economic
 
 Or U can Sign At www.projectw.org and Go Hunt Some Great Threads 
 Consisting Finance and Economics E-Books There.
 
 Oh and When U Become Rich and Success Enough to Buy The Books., dont 
 Forget to Buy the Real-Books when U Can Afford It. That Way We Are 
 Supporting the Intellectual Work Of The Authors.
 
 I Suppose the Net Connection is faster and easier In China than In 
 Indo so It'd be wiser for me to provide the link instead of sending U 
 the Books Via Mail (net connection here is sooo Lame...)
 
 (Eh Waduh Warungnya Embah Kedatengan Warung Dr China, Aje Gile 
 kekekekek)
 
 
 --- In obrolan-bandar@yahoogroups.com, eternalbright85 
 eternalbright85@ wrote:
 
  Hi. I'm really sorry if this topic is going off the road :)
  If possible, would you tell me where can i find a download-able book
  about macro economy please? Am a foreign student in China, hence 
 need
  a book about it. Thanks a lot before hand :)
  As I often see you know a lot where to find a good book :) 
  
  
  
  --- In obrolan-bandar@yahoogroups.com, kang_ocoy_maen_saham
  kang_ocoy_maen_saham@ wrote:
  
   Suggestion For Some Nice Further Reading Regarding the Topic,
   
   http://ebooks.ebookmall.com/ebook/174561-ebook.htm
   
   
   
   
   Nah Kalo Donlot Gratisnya
   
   
  
  http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-
 _Angel_Capital.pdf
   
   
   Cheers
   
   --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq 
 hanif_mantiq@
   wrote:
   
*kalo market bearish, mungkin artikel dibawah ini bisa
menambah keyakinan untuk masuk ke market*

How Angel Investors Get Their Wings
Backing entrepreneurs with good ideas can be a
moneymaker for these daring
investors who go where venture capitalists fear to
tread

by Chris Farrell
BusinessWeek Magazine

Not only can John Reid claim to have been visited by
angels, he is one. The
61-year-old entrepreneur founded his Parkers Prairie
(Minn.) medical-device
company, AbbeyMoor Medical, in 1997 with seed money
from so-called angel
investors. Such people invest in promising startups
too young and raw to
attract the attention and money of professional
venture capitalists. Reid
has also helped fund several early-stage ventures, on
his own and with
fellow angels.

The credit crunch and economic downturn have some
angels feeling skittish.
But others see opportunity: Studies show that the best
time to start a
business is when the economy is down. That's because
entrepreneurs with good
ideas will find cheaper land, labor, supplier
contracts, and other
ingredients that go into starting a business. Angels
that back such ventures
can earn impressive long-term returns—one study cites
a rate of return of
about 27%, on average, or 2.6 times the investment in
3.5 years. The risks,
of course, are steep. Still, 258,200 angels pumped $26
billion into 57,120
ventures last year, according to the University of New
Hampshire's Center
for Venture Research.

Any angel will tell you there's a significant learning
curve. But a big
transformation in angel investing is making it easier
to move up that curve:
the rise of more formal angel investing groups. It
wasn't all that long ago
that angels largely hooked up with entrepreneurs
through ad-hoc social
networks, friendships created over the years, perhaps
at the country club or
local philanthropic events. Since the latter part of
the 1990s there has
been a proliferation of more professionally organized
groups—usually with a
Web site—that screen investments and pool money on a
local and regional
level. Estimates of the number of angel groups in the
U.S. and Canada go as
high as 275. The groups even have their own
trade-and-education association
in Washington, the Angel Capital Assn.

While many angels are current or former entrepreneurs,
and that background
can prove invaluable, they also need to develop
investing skills. The
successful angel adheres to the same disciplines that
make for a good
investor, from Berkshire Hathaway's (BRK-A) Warren
Buffett to Yale
University's David Swensen. Understand the risks.
Follow an 

[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-09 Terurut Topik kang_ocoy_maen_saham
Yea, Its There. U Can Search and browse for the e-books,. and with a 
good net connection. u can download CFA Materials or Finance  Economic 
books in a short time...

--- In obrolan-bandar@yahoogroups.com, eternalbright85 
[EMAIL PROTECTED] wrote:

 Thanks a lot for the reply XD
 its alright really, i understand the reply you sent for the other 
topic ^^
 what i like the most is the free part hehehe
 however I'll do that after i became successful XD 
 so now i better work hard lol
 by the way, the booksabout the CFA are availabe at the site you just
 gave me, right?
 
 




[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-08 Terurut Topik eternalbright85
Hi. I'm really sorry if this topic is going off the road :)
If possible, would you tell me where can i find a download-able book
about macro economy please? Am a foreign student in China, hence need
a book about it. Thanks a lot before hand :)
As I often see you know a lot where to find a good book :) 



--- In obrolan-bandar@yahoogroups.com, kang_ocoy_maen_saham
[EMAIL PROTECTED] wrote:

 Suggestion For Some Nice Further Reading Regarding the Topic,
 
 http://ebooks.ebookmall.com/ebook/174561-ebook.htm
 
 
 
 
 Nah Kalo Donlot Gratisnya
 
 

http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf
 
 
 Cheers
 
 --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq hanif_mantiq@
 wrote:
 
  *kalo market bearish, mungkin artikel dibawah ini bisa
  menambah keyakinan untuk masuk ke market*
  
  How Angel Investors Get Their Wings
  Backing entrepreneurs with good ideas can be a
  moneymaker for these daring
  investors who go where venture capitalists fear to
  tread
  
  by Chris Farrell
  BusinessWeek Magazine
  
  Not only can John Reid claim to have been visited by
  angels, he is one. The
  61-year-old entrepreneur founded his Parkers Prairie
  (Minn.) medical-device
  company, AbbeyMoor Medical, in 1997 with seed money
  from so-called angel
  investors. Such people invest in promising startups
  too young and raw to
  attract the attention and money of professional
  venture capitalists. Reid
  has also helped fund several early-stage ventures, on
  his own and with
  fellow angels.
  
  The credit crunch and economic downturn have some
  angels feeling skittish.
  But others see opportunity: Studies show that the best
  time to start a
  business is when the economy is down. That's because
  entrepreneurs with good
  ideas will find cheaper land, labor, supplier
  contracts, and other
  ingredients that go into starting a business. Angels
  that back such ventures
  can earn impressive long-term returns—one study cites
  a rate of return of
  about 27%, on average, or 2.6 times the investment in
  3.5 years. The risks,
  of course, are steep. Still, 258,200 angels pumped $26
  billion into 57,120
  ventures last year, according to the University of New
  Hampshire's Center
  for Venture Research.
  
  Any angel will tell you there's a significant learning
  curve. But a big
  transformation in angel investing is making it easier
  to move up that curve:
  the rise of more formal angel investing groups. It
  wasn't all that long ago
  that angels largely hooked up with entrepreneurs
  through ad-hoc social
  networks, friendships created over the years, perhaps
  at the country club or
  local philanthropic events. Since the latter part of
  the 1990s there has
  been a proliferation of more professionally organized
  groups—usually with a
  Web site—that screen investments and pool money on a
  local and regional
  level. Estimates of the number of angel groups in the
  U.S. and Canada go as
  high as 275. The groups even have their own
  trade-and-education association
  in Washington, the Angel Capital Assn.
  
  While many angels are current or former entrepreneurs,
  and that background
  can prove invaluable, they also need to develop
  investing skills. The
  successful angel adheres to the same disciplines that
  make for a good
  investor, from Berkshire Hathaway's (BRK-A) Warren
  Buffett to Yale
  University's David Swensen. Understand the risks.
  Follow an intellectual
  framework. Have a well-thought- out methodology for
  buying and selling. Do
  due diligence. Diversify. Angel investing isn't easy,
  and it's very high
  risk, says Tony Stanco, executive director of both
  the National Council of
  Entrepreneurial Tech Transfer and of Angel Investors
  of Greater Washington.
  But it's high reward.
  
  Experienced angels recommend that investors create a
  diverse portfolio as a
  buttress against inevitable failures. After all, these
  are companies with
  little cash flow and no operating history. Angel
  groups funded, on average,
  about seven companies in 2007. Only a small percentage
  of an angel's capital
  should be at risk—no more than 10% of investable
  wealth, counsels Susan
  Preston, currently general partner of the California
  Clean Energy Fund's
  Angel Fund, a public investment fund that takes equity
  stakes in alternative
  energy ventures. Longtime angel Richard Holdren, a
  Houston-based serial
  entrepreneur who has founded or invested in over 26
  health-care startups,
  adds that it's critical to keep emotions in check.
  You make money in angel
  investing by killing off your losses early, as quickly
  as possible, he
  says. The entrepreneur really believes that success
  is just around the
  corner, and you'll quickly go broke investing for
  'just-around- the-corner. '
  
  Angels rightly tend to focus their efforts in the
  industry they know.
  Stanco, for example, was formerly an attorney at the
  Securities  Exchange
  

[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-08 Terurut Topik kang_ocoy_maen_saham
Oh So U're A Foreigner., Pardon My Previous Reply It Was Written On 
Bahasa. 

Macro Economics?

well U Should Check these Links

 
http://www.ebookee.com/index.php?tag=80

http://www.esnips.com/_t_/economic?q=economic

Or U can Sign At www.projectw.org and Go Hunt Some Great Threads 
Consisting Finance and Economics E-Books There.

Oh and When U Become Rich and Success Enough to Buy The Books., dont 
Forget to Buy the Real-Books when U Can Afford It. That Way We Are 
Supporting the Intellectual Work Of The Authors.

I Suppose the Net Connection is faster and easier In China than In 
Indo so It'd be wiser for me to provide the link instead of sending U 
the Books Via Mail (net connection here is sooo Lame...)

(Eh Waduh Warungnya Embah Kedatengan Warung Dr China, Aje Gile 
kekekekek)


--- In obrolan-bandar@yahoogroups.com, eternalbright85 
[EMAIL PROTECTED] wrote:

 Hi. I'm really sorry if this topic is going off the road :)
 If possible, would you tell me where can i find a download-able book
 about macro economy please? Am a foreign student in China, hence 
need
 a book about it. Thanks a lot before hand :)
 As I often see you know a lot where to find a good book :) 
 
 
 
 --- In obrolan-bandar@yahoogroups.com, kang_ocoy_maen_saham
 kang_ocoy_maen_saham@ wrote:
 
  Suggestion For Some Nice Further Reading Regarding the Topic,
  
  http://ebooks.ebookmall.com/ebook/174561-ebook.htm
  
  
  
  
  Nah Kalo Donlot Gratisnya
  
  
 
 http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-
_Angel_Capital.pdf
  
  
  Cheers
  
  --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq 
hanif_mantiq@
  wrote:
  
   *kalo market bearish, mungkin artikel dibawah ini bisa
   menambah keyakinan untuk masuk ke market*
   
   How Angel Investors Get Their Wings
   Backing entrepreneurs with good ideas can be a
   moneymaker for these daring
   investors who go where venture capitalists fear to
   tread
   
   by Chris Farrell
   BusinessWeek Magazine
   
   Not only can John Reid claim to have been visited by
   angels, he is one. The
   61-year-old entrepreneur founded his Parkers Prairie
   (Minn.) medical-device
   company, AbbeyMoor Medical, in 1997 with seed money
   from so-called angel
   investors. Such people invest in promising startups
   too young and raw to
   attract the attention and money of professional
   venture capitalists. Reid
   has also helped fund several early-stage ventures, on
   his own and with
   fellow angels.
   
   The credit crunch and economic downturn have some
   angels feeling skittish.
   But others see opportunity: Studies show that the best
   time to start a
   business is when the economy is down. That's because
   entrepreneurs with good
   ideas will find cheaper land, labor, supplier
   contracts, and other
   ingredients that go into starting a business. Angels
   that back such ventures
   can earn impressive long-term returns—one study cites
   a rate of return of
   about 27%, on average, or 2.6 times the investment in
   3.5 years. The risks,
   of course, are steep. Still, 258,200 angels pumped $26
   billion into 57,120
   ventures last year, according to the University of New
   Hampshire's Center
   for Venture Research.
   
   Any angel will tell you there's a significant learning
   curve. But a big
   transformation in angel investing is making it easier
   to move up that curve:
   the rise of more formal angel investing groups. It
   wasn't all that long ago
   that angels largely hooked up with entrepreneurs
   through ad-hoc social
   networks, friendships created over the years, perhaps
   at the country club or
   local philanthropic events. Since the latter part of
   the 1990s there has
   been a proliferation of more professionally organized
   groups—usually with a
   Web site—that screen investments and pool money on a
   local and regional
   level. Estimates of the number of angel groups in the
   U.S. and Canada go as
   high as 275. The groups even have their own
   trade-and-education association
   in Washington, the Angel Capital Assn.
   
   While many angels are current or former entrepreneurs,
   and that background
   can prove invaluable, they also need to develop
   investing skills. The
   successful angel adheres to the same disciplines that
   make for a good
   investor, from Berkshire Hathaway's (BRK-A) Warren
   Buffett to Yale
   University's David Swensen. Understand the risks.
   Follow an intellectual
   framework. Have a well-thought- out methodology for
   buying and selling. Do
   due diligence. Diversify. Angel investing isn't easy,
   and it's very high
   risk, says Tony Stanco, executive director of both
   the National Council of
   Entrepreneurial Tech Transfer and of Angel Investors
   of Greater Washington.
   But it's high reward.
   
   Experienced angels recommend that investors create a
   diverse portfolio as a
   buttress against inevitable failures. After all, these
   are companies with
   little cash 

[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-07 Terurut Topik Hanif Mantiq

*Nuhun*

Re: How Angel Investors Get Their Wings
Posted by: kang_ocoy_maen_saham
[EMAIL PROTECTED]   kang_ocoy_maen_saham
Fri Jun 6, 2008 8:15 am (PDT)
Suggestion For Some Nice Further Reading Regarding
the Topic,

http://ebooks. ebookmall. com/ebook/ 174561-ebook.
htm

Nah Kalo Donlot Gratisnya

http://rs42. rapidshare. com/files/
4345471/Gerald_ A_Benjamin_ -_Angel_Capital. pdf

Cheers


  



Re: [obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-07 Terurut Topik James Arifin
Kalau cari donlot gratisnya emang search dimana yah kang

On 6/6/08, kang_ocoy_maen_saham [EMAIL PROTECTED] wrote:






 Suggestion For Some Nice Further Reading Regarding the Topic,

  http://ebooks.ebookmall.com/ebook/174561-ebook.htm

  Nah Kalo Donlot Gratisnya

 http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf

  Cheers

  --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq [EMAIL PROTECTED]
  wrote:

  
   *kalo market bearish, mungkin artikel dibawah ini bisa
   menambah keyakinan untuk masuk ke market*
  
   How Angel Investors Get Their Wings
   Backing entrepreneurs with good ideas can be a
   moneymaker for these daring
   investors who go where venture capitalists fear to
   tread
  
   by Chris Farrell
   BusinessWeek Magazine
  
   Not only can John Reid claim to have been visited by
   angels, he is one. The
   61-year-old entrepreneur founded his Parkers Prairie
   (Minn.) medical-device
   company, AbbeyMoor Medical, in 1997 with seed money
   from so-called angel
   investors. Such people invest in promising startups
   too young and raw to
   attract the attention and money of professional
   venture capitalists. Reid
   has also helped fund several early-stage ventures, on
   his own and with
   fellow angels.
  
   The credit crunch and economic downturn have some
   angels feeling skittish.
   But others see opportunity: Studies show that the best
   time to start a
   business is when the economy is down. That's because
   entrepreneurs with good
   ideas will find cheaper land, labor, supplier
   contracts, and other
   ingredients that go into starting a business. Angels
   that back such ventures
   can earn impressive long-term returns—one study cites
   a rate of return of
   about 27%, on average, or 2.6 times the investment in
   3.5 years. The risks,
   of course, are steep. Still, 258,200 angels pumped $26
   billion into 57,120
   ventures last year, according to the University of New
   Hampshire's Center
   for Venture Research.
  
   Any angel will tell you there's a significant learning
   curve. But a big
   transformation in angel investing is making it easier
   to move up that curve:
   the rise of more formal angel investing groups. It
   wasn't all that long ago
   that angels largely hooked up with entrepreneurs
   through ad-hoc social
   networks, friendships created over the years, perhaps
   at the country club or
   local philanthropic events. Since the latter part of
   the 1990s there has
   been a proliferation of more professionally organized
   groups—usually with a
   Web site—that screen investments and pool money on a
   local and regional
   level. Estimates of the number of angel groups in the
   U.S. and Canada go as
   high as 275. The groups even have their own
   trade-and-education association
   in Washington, the Angel Capital Assn.
  
   While many angels are current or former entrepreneurs,
   and that background
   can prove invaluable, they also need to develop
   investing skills. The
   successful angel adheres to the same disciplines that
   make for a good
   investor, from Berkshire Hathaway's (BRK-A) Warren
   Buffett to Yale
   University's David Swensen. Understand the risks.
   Follow an intellectual
   framework. Have a well-thought- out methodology for
   buying and selling. Do
   due diligence. Diversify. Angel investing isn't easy,
   and it's very high
   risk, says Tony Stanco, executive director of both
   the National Council of
   Entrepreneurial Tech Transfer and of Angel Investors
   of Greater Washington.
   But it's high reward.
  
   Experienced angels recommend that investors create a
   diverse portfolio as a
   buttress against inevitable failures. After all, these
   are companies with
   little cash flow and no operating history. Angel
   groups funded, on average,
   about seven companies in 2007. Only a small percentage
   of an angel's capital
   should be at risk—no more than 10% of investable
   wealth, counsels Susan
   Preston, currently general partner of the California
   Clean Energy Fund's
   Angel Fund, a public investment fund that takes equity
   stakes in alternative
   energy ventures. Longtime angel Richard Holdren, a
   Houston-based serial
   entrepreneur who has founded or invested in over 26
   health-care startups,
   adds that it's critical to keep emotions in check.
   You make money in angel
   investing by killing off your losses early, as quickly
   as possible, he
   says. The entrepreneur really believes that success
   is just around the
   corner, and you'll quickly go broke investing for
   'just-around- the-corner. '
  
   Angels rightly tend to focus their efforts in the
   industry they know.
   Stanco, for example, was formerly an attorney at the
   Securities  Exchange
   Commission working with the software and computer
   group. His investments are
   concentrated in software. Reid is well-schooled in the
   medical technology
   business.
 

[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-07 Terurut Topik kang_ocoy_maen_saham
Projectw.org, esnips, ebookee. 

daftar aja ke projectw.org trus browse sdikit. bbrp file lama mungkin
ada yg udah deadlink. incase of that japri saya aja bukunya apa.
biasanya saya udah donlot bbrp buku finance en investment yg ok ok...


--- In obrolan-bandar@yahoogroups.com, James Arifin
[EMAIL PROTECTED] wrote:

 Kalau cari donlot gratisnya emang search dimana yah kang
 
 On 6/6/08, kang_ocoy_maen_saham [EMAIL PROTECTED] wrote:
 
 
 
 
 
 
  Suggestion For Some Nice Further Reading Regarding the Topic,
 
   http://ebooks.ebookmall.com/ebook/174561-ebook.htm
 
   Nah Kalo Donlot Gratisnya
 
 
http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf
 
   Cheers
 
   --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq hanif_mantiq@
   wrote:
 
   
*kalo market bearish, mungkin artikel dibawah ini bisa
menambah keyakinan untuk masuk ke market*
   
How Angel Investors Get Their Wings
Backing entrepreneurs with good ideas can be a
moneymaker for these daring
investors who go where venture capitalists fear to
tread
   
by Chris Farrell
BusinessWeek Magazine
   
Not only can John Reid claim to have been visited by
angels, he is one. The
61-year-old entrepreneur founded his Parkers Prairie
(Minn.) medical-device
company, AbbeyMoor Medical, in 1997 with seed money
from so-called angel
investors. Such people invest in promising startups
too young and raw to
attract the attention and money of professional
venture capitalists. Reid
has also helped fund several early-stage ventures, on
his own and with
fellow angels.
   
The credit crunch and economic downturn have some
angels feeling skittish.
But others see opportunity: Studies show that the best
time to start a
business is when the economy is down. That's because
entrepreneurs with good
ideas will find cheaper land, labor, supplier
contracts, and other
ingredients that go into starting a business. Angels
that back such ventures
can earn impressive long-term returns—one study cites
a rate of return of
about 27%, on average, or 2.6 times the investment in
3.5 years. The risks,
of course, are steep. Still, 258,200 angels pumped $26
billion into 57,120
ventures last year, according to the University of New
Hampshire's Center
for Venture Research.
   
Any angel will tell you there's a significant learning
curve. But a big
transformation in angel investing is making it easier
to move up that curve:
the rise of more formal angel investing groups. It
wasn't all that long ago
that angels largely hooked up with entrepreneurs
through ad-hoc social
networks, friendships created over the years, perhaps
at the country club or
local philanthropic events. Since the latter part of
the 1990s there has
been a proliferation of more professionally organized
groups—usually with a
Web site—that screen investments and pool money on a
local and regional
level. Estimates of the number of angel groups in the
U.S. and Canada go as
high as 275. The groups even have their own
trade-and-education association
in Washington, the Angel Capital Assn.
   
While many angels are current or former entrepreneurs,
and that background
can prove invaluable, they also need to develop
investing skills. The
successful angel adheres to the same disciplines that
make for a good
investor, from Berkshire Hathaway's (BRK-A) Warren
Buffett to Yale
University's David Swensen. Understand the risks.
Follow an intellectual
framework. Have a well-thought- out methodology for
buying and selling. Do
due diligence. Diversify. Angel investing isn't easy,
and it's very high
risk, says Tony Stanco, executive director of both
the National Council of
Entrepreneurial Tech Transfer and of Angel Investors
of Greater Washington.
But it's high reward.
   
Experienced angels recommend that investors create a
diverse portfolio as a
buttress against inevitable failures. After all, these
are companies with
little cash flow and no operating history. Angel
groups funded, on average,
about seven companies in 2007. Only a small percentage
of an angel's capital
should be at risk—no more than 10% of investable
wealth, counsels Susan
Preston, currently general partner of the California
Clean Energy Fund's
Angel Fund, a public investment fund that takes equity
stakes in alternative
energy ventures. Longtime angel Richard Holdren, a
Houston-based serial
entrepreneur who has founded or invested in over 26
health-care startups,
adds that it's critical to keep emotions in check.
You make money in angel
investing by killing off your losses early, as quickly
as possible, he
says. The entrepreneur really believes that 

[obrolan-bandar] Re: How Angel Investors Get Their Wings

2008-06-06 Terurut Topik kang_ocoy_maen_saham
Suggestion For Some Nice Further Reading Regarding the Topic,

http://ebooks.ebookmall.com/ebook/174561-ebook.htm




Nah Kalo Donlot Gratisnya


http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf


Cheers

--- In obrolan-bandar@yahoogroups.com, Hanif Mantiq [EMAIL PROTECTED]
wrote:

 *kalo market bearish, mungkin artikel dibawah ini bisa
 menambah keyakinan untuk masuk ke market*
 
 How Angel Investors Get Their Wings
 Backing entrepreneurs with good ideas can be a
 moneymaker for these daring
 investors who go where venture capitalists fear to
 tread
 
 by Chris Farrell
 BusinessWeek Magazine
 
 Not only can John Reid claim to have been visited by
 angels, he is one. The
 61-year-old entrepreneur founded his Parkers Prairie
 (Minn.) medical-device
 company, AbbeyMoor Medical, in 1997 with seed money
 from so-called angel
 investors. Such people invest in promising startups
 too young and raw to
 attract the attention and money of professional
 venture capitalists. Reid
 has also helped fund several early-stage ventures, on
 his own and with
 fellow angels.
 
 The credit crunch and economic downturn have some
 angels feeling skittish.
 But others see opportunity: Studies show that the best
 time to start a
 business is when the economy is down. That's because
 entrepreneurs with good
 ideas will find cheaper land, labor, supplier
 contracts, and other
 ingredients that go into starting a business. Angels
 that back such ventures
 can earn impressive long-term returns—one study cites
 a rate of return of
 about 27%, on average, or 2.6 times the investment in
 3.5 years. The risks,
 of course, are steep. Still, 258,200 angels pumped $26
 billion into 57,120
 ventures last year, according to the University of New
 Hampshire's Center
 for Venture Research.
 
 Any angel will tell you there's a significant learning
 curve. But a big
 transformation in angel investing is making it easier
 to move up that curve:
 the rise of more formal angel investing groups. It
 wasn't all that long ago
 that angels largely hooked up with entrepreneurs
 through ad-hoc social
 networks, friendships created over the years, perhaps
 at the country club or
 local philanthropic events. Since the latter part of
 the 1990s there has
 been a proliferation of more professionally organized
 groups—usually with a
 Web site—that screen investments and pool money on a
 local and regional
 level. Estimates of the number of angel groups in the
 U.S. and Canada go as
 high as 275. The groups even have their own
 trade-and-education association
 in Washington, the Angel Capital Assn.
 
 While many angels are current or former entrepreneurs,
 and that background
 can prove invaluable, they also need to develop
 investing skills. The
 successful angel adheres to the same disciplines that
 make for a good
 investor, from Berkshire Hathaway's (BRK-A) Warren
 Buffett to Yale
 University's David Swensen. Understand the risks.
 Follow an intellectual
 framework. Have a well-thought- out methodology for
 buying and selling. Do
 due diligence. Diversify. Angel investing isn't easy,
 and it's very high
 risk, says Tony Stanco, executive director of both
 the National Council of
 Entrepreneurial Tech Transfer and of Angel Investors
 of Greater Washington.
 But it's high reward.
 
 Experienced angels recommend that investors create a
 diverse portfolio as a
 buttress against inevitable failures. After all, these
 are companies with
 little cash flow and no operating history. Angel
 groups funded, on average,
 about seven companies in 2007. Only a small percentage
 of an angel's capital
 should be at risk—no more than 10% of investable
 wealth, counsels Susan
 Preston, currently general partner of the California
 Clean Energy Fund's
 Angel Fund, a public investment fund that takes equity
 stakes in alternative
 energy ventures. Longtime angel Richard Holdren, a
 Houston-based serial
 entrepreneur who has founded or invested in over 26
 health-care startups,
 adds that it's critical to keep emotions in check.
 You make money in angel
 investing by killing off your losses early, as quickly
 as possible, he
 says. The entrepreneur really believes that success
 is just around the
 corner, and you'll quickly go broke investing for
 'just-around- the-corner. '
 
 Angels rightly tend to focus their efforts in the
 industry they know.
 Stanco, for example, was formerly an attorney at the
 Securities  Exchange
 Commission working with the software and computer
 group. His investments are
 concentrated in software. Reid is well-schooled in the
 medical technology
 business.
 
 But to get a wider range of perspectives and deals,
 and to pool resources,
 many angels—including Reid, who lives in a largely
 agricultural community
 with a population of 1,032—join angel groups.
 
 THE REAL DEAL
 Reid belongs to a group of 26 angels affiliated with a
 larger umbrella
 network, RAIN Source Capital, based in St. Paul, Minn.
 RAIN organizes small