I am a junior angel in Silicon Valley. AMA

Re:I am a junior angel in Silicon Valley. AMA by agoric on Tuesday May 18, 2010 @04:10AM (#1356904)

What are the prevailing terms for angel deals you've seen recently, and what do you consider to be "market" right now?

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Re:I am a junior angel in Silicon Valley. AMA by joshu on Tuesday May 18, 2010 @04:29AM (#1356942)

Lots more convertible debt lately, which I am not thrilled about.

Or do you mean numbers? Every deal is different.

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Re:I am a junior angel in Silicon Valley. AMA by agoric on Tuesday May 18, 2010 @10:23AM (#1357509)

I've heard of more capped valuations for convertible debt with negotiable interest and discount rates (and no warrant coverage), but also seen some angels openly demanding priced rounds. Are such capped convertible notes a good middle ground for debt that works like equity? Have you seen any that provide an alternative conversion if no priced round follows?

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Re:I am a junior angel in Silicon Valley. AMA by joshu on Tuesday May 18, 2010 @11:49AM (#1357874)

I guess so. I really dislike uncapped notes, obviously. Many notes convert after a fixed period of time.

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Re:I am a junior angel in Silicon Valley. AMA by royrod on Tuesday May 18, 2010 @07:27AM (#1357138)

Ok, so (like many/most angels) you like priced deals :)

Any other terms, or trends, you care to share?

(Roy, "truly junior" beginning angel in Boston)

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Re:I am a junior angel in Silicon Valley. AMA by budu3 on Tuesday May 18, 2010 @10:57AM (#1357645)

Are you saying that you're not a fan of convertible debt?

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Re:I am a junior angel in Silicon Valley. AMA by joshu on Tuesday May 18, 2010 @11:51AM (#1357881)

Definitely not. I'm investing now, let me price it now.

I've noticed that both very hot and very cold deals are debt. Hot because they can demand it, and cold because they can't scrape a real round together.

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