Provocatively titled VC Super Angels: Filling a Funding Gap or Killing the Next Google, this article speaks of “super angels” filling a funding gap between so-called “angel” investors and VC firms, while combining the traits of both, and also “putting a timely, web-savvy stamp on the process of starting and building companies”.
Here’s how they describe the “super angels” – “Whereas regular angels only invest their own money, super angels manage small funds that put their own money alongside that of friends, family and offices that administer the finances of wealthy extended families. Some super angel firms have attracted institutional money from universities and elsewhere, and at least a few more say they are likely to seek out more of that type of funding as they build track records. “
More controversially, the article goes on to state, “Some observers…have lately been complaining that super angels are cutting short the lives of companies that could be “the next Google” by selling them to Google before they’ve even developed a market. But others think that could be frustration talking: By allowing some of the brightest and most promising founders to cash out early on, super angels are cutting into VCs’ deal flow — and the firms need good deal flow to survive.”
Reposted from National Angel Capital Organization
Throughout his career, both in Canada and the UK, Bryan J. Watson has been a champion of entrepreneurship as a vector for the commercialization of advanced technologies. Upon his return to Canada in 2004, Bryan established his venture development consulting practice to help emerging-growth companies overcome the barriers to success they face in the Canadian commercialization ecosystem. Visit Bryan’s blog and the National Angel Capital Organization.
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