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By Michael "Luni" Libes In the traditional world of early stage, Angel and VC investing, money is local. Studies show that over 80% of funding at Angel groups and Series A VCs goes to businesses in the same city/region as the funders. This post was originally published on the blog of Michael “Luni” Libes. Register Here.
1 On the relationship between Board seats and investment outcomes, see the experience of Central Texas Angel Network, linked above: Rick Timmins, “Angel Involvement on Boards Improves Returns,” Angel Insights Blog, AngelCapital Association, July 12.
I did reach out to Wealthfront for comment and a spokesperson told me: “We unfortunately can’t discuss more than what’s been shared publicly in our blog or by UBS via their press release.”. The pitches range from building the Square for micro-merchants in Latin America to creating a way to angel invest in your favorite athlete.”
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