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Lou Kerner Presents
How Big, How Fast, How Disruptive?
Largest Syndicate on Angel List
Founder & CEO, OurCrowd
Chairman, New York Angels
When: Friday, October 24th, 2014, from 2:00PM-3:00PM EST
Where: Conference Call – Please email firstname.lastname@example.org for dial in information
Please join us for a conference call featuring three thought leaders on the current state and future direction of Angel Investing. Click here to get the slides for the call (on the 24th).
Investopedia describes an Angel as “An investor who provides financial backing for small startups or entrepreneurs. Angel investors are usually found among an entrepreneur’s family and friends”. That definition is quickly becoming outdated driven by the rise of platforms like Angel List, OurCrowd, and SeedInvest; and the increasing professionalism of groups like the New York Angels and Tech Coast Angels. And Angel Investing is no longer just for the seed rounds. Life360, a successful mobile app for staying connected with family members is raising $500,000 of a $50 million Series C on AngleList, where the leading syndicates (like those led by Gil Penchina) are “backed” by over 500 investors that can combine for over $4 million in any one deal. The OurCrowd platform has raised over $65 million for 50 companies over the past two years, including $3.3 million for ReWalk. The last round for ReWalk was raised in July, two months before its IPO, which had a first day rise of 113%, making it the top performing IPO in the 3rd quarter.
How is this dramatic growth of these new investing platforms changing the VC landscape? How have Angel groups evolved to more effectively meet the market needs? What companies should take advantage of these capital sources? How can investors sift through all the choices? What returns should the investors expect? What are the industry trends that the broad market is unaware of? Are Angels concerned that we’re in a Bubble or that burn rates for many companies are too high? How are the pending regulations going to change the industry dynamics? These questions and others will be addressed by our panel of crowdfunding experts.
Gil Penchina – Largest Syndicate on AngelList. Gil is a serial entrepreneur and prolific angel investor. He currently runs 6 venture funds via AngelList with more launching every month. The funds are crowd-sourced from 1,000+ influential angels. He is a co-founder of Fastly, and board member at Vouch Financial. Previously he was CEO of Wikia, now a top 50 website and was a member of the pre-IPO team at eBay. Before eBay, Gil worked at General Electric, Bain & Co. and started two small technology companies. He has a Bachelors in Engineering from the University of Massachusetts and an MBA from Kellogg. In addition, Gil has been an active angel investor in 70 companies over the last 12 years including firms such as Linkedin, Paypal, AngelList, Datanyze, Contactually, Indiegogo, Evite, ZipRealty, Plusmo, Couchsurfing, Songpop, Wealthfront and many others. His portfolio is available at: https://angel.co/penchina
Jon Medved – Founder and CEO of OurCrowd a leading equity crowdfunding platform for accredited investors, having raised almost $70M for 51 portfolio companies since its launch in February 2013. Medved has been both an entrepreneur and investor: He has been part of the founding teams at several successful Israeli startups, and as a venture and angel investor over the past two decades he invested in over 150 startup companies, helping to bring 15 of them to values in excess of $100Million. Between 2006-2012, Medved was the co-founder and CEO of Vringo, a leader in the innovation, development and monetization of mobile technologies and intellectual property. Medved led Vringo to a successful completion of its IPO in June, 2010. Medved was previously the founder and General Partner of Israel Seed Partners, one of Israel’s leading venture capital funds, with exits including Shopping.com (acquired by Ebay) and Answers.com (Nasdaq: ANSW, acquired by Summit),
Brian Cohen – Chairman of the New York Angels – As Chairman of the New York Angels, Brian oversees the leading NYC seed capital investor network, which has invested over $100 million into more than 110 early stage technology companies. Among his numerous early stage investments, Brian was the first investor in Pinterest. As a new author, Brian‘s book entitled “What Every Angel Investor Wants You To Know To Raise Smart Money For Billion Dollar Ideas” was published by McGraw Hill and is now available in multiple languages around the world. Brian also co-founded, with his son Trace, the first direct-to-customer, self-publishing Event news platform called Launch.it in May 2012. As an educator, Brian created the AIMS (Advanced Internet Media Studies) Program, a college semester program where students will be trained to use the internet smartly and professionally. He also advises entrepreneur students at NYU and Columbia University. Brian holds a Masters Degree in Science Communications from Boston University’s School of Public Communications and is the recipient of the Distinguished Alumnus Award.
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