Presented by David Teten - Managing Partner, HOF Capital
The cost of starting a business has trended down to the cost of being unemployed, which means dramatically more startups, and therefore more competition for your startup idea. How do you identify a startup idea that addresses a market others are not serving?
11. 11
Angel groups
using Gust [i] HOF Capital [ii]
Typical
entrepreneur
Profiled initially 20,850 NA ~3-6
Target Selected 1,315 1,800 ~3
Met 1,047 340 NA
Due diligence 577 75 2
Invested/launched 541 7 1
Deals as %
targeted
companies
41.1%
(2.6% of
submissions)
0.4% !
# Companies Analyzed Annually by Investors vs. Founders
[i] Available at http://angelsoft.net/a/venture-valuation ,
as of twelve months ending March 17, 2010.
[ii] Annualized over 21 months ended 3/2017.
Investors Typically Are Far More Selective Than
Founders…but Have Less Risk