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Breaking the “Impossible” at VVM When I was at Valley Venture Mentors, we set this BHAG: “In ten years, catalyze entrepreneurs to change the economy of Western Massachusetts by generating $1 billion in cumulative revenue and investment.” ” At the time, we were running a startupaccelerator for 6 companies.
Angelinvestments in 2022 equaled those from 2006 to 2011 combined. Family office investments increased by 5x , and corporate venture investments rose 6x , thus opening new capital avenues for founders who found it difficult to raise capital. Finally, the talent pool for tech startups has broadened immensely.
Versatile VC runs a no-cost community for founders in transition, “ Founders Next Move “ We have collected a wide range of resources for founders who may be considering launching a new company ; angelinvesting/becoming a VC ; buying a company ; joining boards ; consulting ; serving as an interim executive , or just getting a job.
Angelinvesting in tech startups is a gut wrenching and risky business. Most of them lose, but sometimes you invest in a “unicorn” and make 100 times your money or even more. There were no billion dollar unicorn startups. The typical tech startup would raise about $1M on a $3M valuation.
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