False Negatives and the Anti-Portfolio

Posted by on Nov 24, 2009 in General | No Comments

Seeing last week’s Venture Capital Dispatch in the online Wall Street Journal, When Venture Capitalists Let One Slip Away, reminded me of Jim Armstrong’s (Clearstone Venture Partners) comment last year about false negatives. “You can afford to have a false positive; you can afford to invest in things and fail, but because the big ones […]

When is a Trade Sale a Strategic Exit?

Posted by on Nov 9, 2009 in Company Creation/Operation, General | No Comments

Over the last few years I’ve written extensively on strategic exits and encouraged Angel investors to concentrate their investments where a strategic exit is highly likely.  I have focused on strategic value investments as I have found convincing evidence to show that these have higher ROI, shorter investment periods and lower execution risks. I have […]