Angel Investing Returns: What Returns Do Angel Investors Expect?
What returns do angel investors expect? Complete guide to angel investing returns, portfolio performance data, and factors affecting investment outcomes.
Category Exits Blog
Exit Strategy Examples: How Startups and Investors Achieve Liquidity
Exit strategy examples for startups and investors. Learn about acquisition, IPO, secondary sales, and how to plan your path to liquidity.
Share Register: Central Securities Register Template and Guide
Complete guide to share registers and central securities registers. Includes shareholder register template and best practices for maintaining accurate records.
US Angels Investing in Canadian Companies: Cross-Border Tax Guide
Tax and legal guide for US angels investing in Canadian startups. Learn about cross-border structures, PFIC rules, and the Canada-US tax treaty.
Startup Funding Is Hard: Why Raising Capital Takes Longer Than Expected
Why startup funding is hard and takes longer than expected. Learn common fundraising mistakes and strategies for raising capital more effectively.
One Page Term Sheet: Simple Angel Investor Agreement Template
Simple angel investor term sheet template. Learn essential terms for one page agreements including valuation, liquidation preference, and pro-rata rights.
Venture Capital Fund Structure: How VC Funds Are Organized
Understand venture capital fund structure including LP/GP relationships, management fees, carried interest, and fund lifecycle. Essential guide for entrepreneurs and investors.
Angel Investors Vancouver: Find Funding in BC’s Startup Ecosystem
Find angel investors in Vancouver, BC. Complete guide to VANTEC, Angel Forum, and other angel networks in Canada's West Coast startup ecosystem.
Share Vesting: Complete Guide to Equity Vesting Schedules 2026
Complete guide to share vesting in startups. Learn about vesting schedules, cliff periods, acceleration clauses, and how equity vesting protects founders and investors.
Business Valuation: What Is Your Company Worth? Complete Guide 2026
Learn how to value your business for sale. Comprehensive guide covering revenue multiples, EBITDA valuation, and factors affecting what your company is worth.
Exit Strategies: Why Most Business Valuations Stay Below $30 Million
In the world of technology exits, the spotlight often shines on massive acquisitions – billion-dollar deals that dominate the headlines. Yet, the real story lies beneath the surface: the growing wave of smaller acquisitions. For entrepreneurs and early investors, these…
Startup Funding – Friends and Family Round – Legal Requirements
In the earliest stage of a startup, founders often rely on money from friends and family. Budgets are tight, good lawyers can feel out of reach, and mentors may not be in place yet. The result is that key legal…
Selling a Business and Inefficient Markets
The market for selling a business is highly inefficient. This is one of the main reasons why a well-designed and properly executed exit strategy can increase a company’s valuation by 50% or more. A Counter Example – The Residential Real…
Understanding Director Compensation – Equity, Cash, and Governance Trends
Director compensation has changed significantly over the past few years. While specific data, especially for early and mid-stage companies, remains limited, compensation levels are widely believed to have increased severalfold since the corporate governance issues of the late 1990s. Why…
Angel vs. VC Financing: What’s Right for Your Business?
Deciding between angel investors and venture capital (VC) funds is a common challenge for startups. Fortunately, the choice is often straightforward once the characteristics of the business and its stakeholders are analyzed. Angel investors and VC firms differ significantly in…
Angels Are the Real Startup Powerhouse: 27x More Active Than VCs
A common misconception among early-stage founders is that venture capital (VC) is the primary source of funding for startups. The reality, however, tells a very different story. While VCs often dominate the headlines, their actual contribution at the seed stage…
Why Venture Capital Firms Are Too Big
The Problem with the Modern VC Model Much has been said recently about how the venture capital (VC) model is broken. One of the biggest, yet often overlooked reasons is simple: VC firms have become too large to serve early-stage…
The Power of Competition in Exit Strategy
How Multiple Bidders Can Drive Up Value and Save the Deal The first company I founded began as a grad school side project and, over a decade later, grew into one of the largest players in a niche tech manufacturing…
Understanding the Math Behind Venture Capital Funds
Why Fund Size Matters to Angels and Entrepreneurs Key Takeaways The Bigger Picture Venture capital (VC) plays a powerful role in shaping startup outcomes—but it’s often misunderstood, especially by founders and early investors. One key area that gets overlooked is…
The VC Model is Broken
The venture capital (VC) model has faced increasing scrutiny over the past decade, with numerous industry experts and commentators highlighting its structural issues and misalignments. Below is a curated list of notable articles and discussions that delve into the challenges…
Venture Capital Exit Times
In my previous posts — Venture Capital Firms are Too Big and Venture Capital Funds: How the Math Works — I discussed how venture capital investors tend to invest excessively and only aim to exit when the returns are exceptionally…