Startup & Small Business Technology Investor Mandate Interview

TL;DR

Rebecca, an angel investor, shares her investment strategy, focusing on early-stage high technology companies, particularly ed tech companies with COVID-19 tailwinds, and advises against being the first money in a deal.

Transcript

hello this is Richard C Wilson of the family office club they were doing an investor mandate interview with Rebecca welcome Rebecca thank you thanks for having me sure and what type of an investor are you I am an angel investor lead an angel investment network okay great and what types of deals does your angel network look at yes oh we're called Mi... Read More

Key Insights

• 😷 Miami Angels focuses on early-stage high technology companies, primarily in software and medical devices.
• 🌎 They have a significant presence in Florida and also invest in Latin America.
• 🧑‍💻 Ed tech companies and tech companies with COVID-19 tailwinds are performing well in their portfolio.
• 🤑 Rebecca advises against being the first money in a deal to avoid the risk of the company running out of funding quickly.
• 🌱 Miami Angels primarily provides seed capital but may participate in Series A rounds if it's a follow-up investment.
• 😑 They have invested in pre-revenue companies before.
• 🎅 Opportunities in markets outside Boston, New York, and San Francisco are of interest to Miami Angels.

Questions & Answers

Q: What types of companies does Miami Angels invest in?

Miami Angels invests in early-stage high technology companies, primarily focusing on software and medical devices. They also look at opportunities in Latin America and markets outside Boston, New York, and San Francisco.

Q: How early does Miami Angels come into deals?

Miami Angels primarily provides seed capital but occasionally participates in Series A rounds if it's a follow-up investment. They have also invested in pre-revenue companies.

Q: What kind of deals does Rebecca wish she had more of?

Rebecca mentions that they have a strong ed tech portfolio, and companies in this sector are currently performing well. She also mentions that tech companies with COVID-19 tailwinds and sharing economy opportunities are of interest.

Q: What is Rebecca's number one piece of advice for investors?

Rebecca advises against being the first money in a deal. She suggests committing to invest but ensuring that the company can fill out the funding round, as providing only a partial investment may lead to the company quickly running out of runway and potentially failing.

Summary & Key Takeaways

• Rebecca is part of Miami Angels, the largest angel group in Florida, which primarily looks at early-stage high technology companies with scalable tech, including software and medical devices.

• They also invest in Latin America and markets outside Boston, New York, and San Francisco due to the capital need in those areas.

• Rebecca advises against being the first money in a deal and recommends ensuring the company can fill out the funding round.