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Find it a la shma What are angel investors and

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seed funds Just call me angel Thanks That's All right

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It's early in the morning here and we just do

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that sometimes Yeah All right Well an angel investor is

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typically i'm sorry Won't sing again An angel Investors typically

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someone who was wildly successful in an entrepreneurial venture of

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their own They feel a kind of moral obligation to

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recycle their winnings And in most cases very very early

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stage companies are so extremely risky with failure rates over

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ninety nine percent Well that it takes some kind of

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angel to come in and invest the first few hundred

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grand Get them started building that nose picking device the

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world has always wanted no And since in most cases

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very early start ups have absolutely no idea what they're

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worth So many initial angel investments carry no price meaning

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that there was only one term carried by the money

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invested It will be valued at say a ten percent

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or whatever number discount toe whatever valuation The next round

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if there is one values the company at while the

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first few million bucks into google by a small handful

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Of already successful silicon valley types ended up being converted

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into stock in their initial or a round which was

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done at a whopping almost seventy million dollars It was

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done at the height of the first internet bubble and

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while timing is everything sometimes google's original investment netted it's

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angel investors some ten thousand times their money and spawned

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a whole many industry in angels getting together hoping tio

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you know do more googles When angels pool their money

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they create what is called a seed fund think seeds

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planted in the ground to eventually bear fruit You know

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like that And when seed investors are right yeah sometimes

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they make that ten thousand times their money thing and

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yahoo google facebook and a small handful of others all

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live in this lofty world of ten thousand xers We're

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on ly the loftiest of angels fly q's call me

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change All right i'll stop Hey if you've got google

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money and you can call me whatever you want No

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