[obrolan-bandar] Re: How Angel Investors Get Their Wings
Yea, Its There. U Can Search and browse for the e-books,. and with a good net connection. u can download CFA Materials or Finance & Economic books in a short time... --- In obrolan-bandar@yahoogroups.com, "eternalbright85" <[EMAIL PROTECTED]> wrote: > > Thanks a lot for the reply XD > its alright really, i understand the reply you sent for the other topic ^^ > what i like the most is the "free" part hehehe > however I'll do that after i became successful XD > so now i better work hard lol > by the way, the booksabout the CFA are availabe at the site you just > gave me, right? > >
[obrolan-bandar] Re: How Angel Investors Get Their Wings
Thanks a lot for the reply XD its alright really, i understand the reply you sent for the other topic ^^ what i like the most is the "free" part hehehe however I'll do that after i became successful XD so now i better work hard lol by the way, the booksabout the CFA are availabe at the site you just gave me, right? --- In obrolan-bandar@yahoogroups.com, "kang_ocoy_maen_saham" <[EMAIL PROTECTED]> wrote: > > Oh So U're A Foreigner., Pardon My Previous Reply It Was Written On > Bahasa. > > Macro Economics? > > well U Should Check these Links > > > http://www.ebookee.com/index.php?tag=80 > > http://www.esnips.com/_t_/economic?q=economic > > Or U can Sign At www.projectw.org and Go Hunt Some Great Threads > Consisting Finance and Economics E-Books There. > > Oh and When U Become Rich and Success Enough to Buy The Books., dont > Forget to Buy the "Real-Books" when U Can Afford It. That Way We Are > Supporting the Intellectual Work Of The Authors. > > I Suppose the Net Connection is faster and easier In China than In > Indo so It'd be wiser for me to provide the link instead of sending U > the Books Via Mail (net connection here is sooo Lame...) > > (Eh Waduh Warungnya Embah Kedatengan Warung Dr China, Aje Gile > kekekekek) > > > --- In obrolan-bandar@yahoogroups.com, "eternalbright85" > wrote: > > > > Hi. I'm really sorry if this topic is going off the road :) > > If possible, would you tell me where can i find a download-able book > > about macro economy please? Am a foreign student in China, hence > need > > a book about it. Thanks a lot before hand :) > > As I often see you know a lot where to find a good book :) > > > > > > > > --- In obrolan-bandar@yahoogroups.com, "kang_ocoy_maen_saham" > > wrote: > > > > > > Suggestion For Some Nice Further Reading Regarding the Topic, > > > > > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > > > > > > > > > > > > > > Nah Kalo Donlot Gratisnya > > > > > > > > > > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_- > _Angel_Capital.pdf > > > > > > > > > Cheers > > > > > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq > > > > wrote: > > > > > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > > > menambah keyakinan untuk masuk ke market* > > > > > > > > How Angel Investors Get Their Wings > > > > Backing entrepreneurs with good ideas can be a > > > > moneymaker for these daring > > > > investors who go where venture capitalists fear to > > > > tread > > > > > > > > by Chris Farrell > > > > BusinessWeek Magazine > > > > > > > > Not only can John Reid claim to have been visited by > > > > angels, he is one. The > > > > 61-year-old entrepreneur founded his Parkers Prairie > > > > (Minn.) medical-device > > > > company, AbbeyMoor Medical, in 1997 with seed money > > > > from so-called angel > > > > investors. Such people invest in promising startups > > > > too young and raw to > > > > attract the attention and money of professional > > > > venture capitalists. Reid > > > > has also helped fund several early-stage ventures, on > > > > his own and with > > > > fellow angels. > > > > > > > > The credit crunch and economic downturn have some > > > > angels feeling skittish. > > > > But others see opportunity: Studies show that the best > > > > time to start a > > > > business is when the economy is down. That's because > > > > entrepreneurs with good > > > > ideas will find cheaper land, labor, supplier > > > > contracts, and other > > > > ingredients that go into starting a business. Angels > > > > that back such ventures > > > > can earn impressive long-term returnsone study cites > > > > a rate of return of > > > > about 27%, on average, or 2.6 times the investment in > > > > 3.5 years. The risks, > > > > of course, are steep. Still, 258,200 angels pumped $26 > > > > billion into 57,120 > > > > ventures last year, according to the University of New > > > > Hampshire's Center > > > > for Venture Research. > > > > > > > > Any angel will tell you there's a significant learning > > > > curve. But a big > > > > transformation in angel investing is making it easier > > > > to move up that curve: > > > > the rise of more formal angel investing groups. It > > > > wasn't all that long ago > > > > that angels largely hooked up with entrepreneurs > > > > through ad-hoc social > > > > networks, friendships created over the years, perhaps > > > > at the country club or > > > > local philanthropic events. Since the latter part of > > > > the 1990s there has > > > > been a proliferation of more professionally organized > > > > groupsusually with a > > > > Web sitethat screen investments and pool money on a > > > > local and regional > > > > level. Estimates of the number of angel groups in the > > > > U.S. and Canada go as > > > > high as 275. The groups even have their own > > > > trade-and-education association > > > > in Washington, the Angel Capital Assn. > > > > > > > > While many angels are curre
[obrolan-bandar] Re: How Angel Investors Get Their Wings
Oh So U're A Foreigner., Pardon My Previous Reply It Was Written On Bahasa. Macro Economics? well U Should Check these Links http://www.ebookee.com/index.php?tag=80 http://www.esnips.com/_t_/economic?q=economic Or U can Sign At www.projectw.org and Go Hunt Some Great Threads Consisting Finance and Economics E-Books There. Oh and When U Become Rich and Success Enough to Buy The Books., dont Forget to Buy the "Real-Books" when U Can Afford It. That Way We Are Supporting the Intellectual Work Of The Authors. I Suppose the Net Connection is faster and easier In China than In Indo so It'd be wiser for me to provide the link instead of sending U the Books Via Mail (net connection here is sooo Lame...) (Eh Waduh Warungnya Embah Kedatengan Warung Dr China, Aje Gile kekekekek) --- In obrolan-bandar@yahoogroups.com, "eternalbright85" <[EMAIL PROTECTED]> wrote: > > Hi. I'm really sorry if this topic is going off the road :) > If possible, would you tell me where can i find a download-able book > about macro economy please? Am a foreign student in China, hence need > a book about it. Thanks a lot before hand :) > As I often see you know a lot where to find a good book :) > > > > --- In obrolan-bandar@yahoogroups.com, "kang_ocoy_maen_saham" > wrote: > > > > Suggestion For Some Nice Further Reading Regarding the Topic, > > > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > > > > > > > > > Nah Kalo Donlot Gratisnya > > > > > > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_- _Angel_Capital.pdf > > > > > > Cheers > > > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq > > wrote: > > > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > > menambah keyakinan untuk masuk ke market* > > > > > > How Angel Investors Get Their Wings > > > Backing entrepreneurs with good ideas can be a > > > moneymaker for these daring > > > investors who go where venture capitalists fear to > > > tread > > > > > > by Chris Farrell > > > BusinessWeek Magazine > > > > > > Not only can John Reid claim to have been visited by > > > angels, he is one. The > > > 61-year-old entrepreneur founded his Parkers Prairie > > > (Minn.) medical-device > > > company, AbbeyMoor Medical, in 1997 with seed money > > > from so-called angel > > > investors. Such people invest in promising startups > > > too young and raw to > > > attract the attention and money of professional > > > venture capitalists. Reid > > > has also helped fund several early-stage ventures, on > > > his own and with > > > fellow angels. > > > > > > The credit crunch and economic downturn have some > > > angels feeling skittish. > > > But others see opportunity: Studies show that the best > > > time to start a > > > business is when the economy is down. That's because > > > entrepreneurs with good > > > ideas will find cheaper land, labor, supplier > > > contracts, and other > > > ingredients that go into starting a business. Angels > > > that back such ventures > > > can earn impressive long-term returnsone study cites > > > a rate of return of > > > about 27%, on average, or 2.6 times the investment in > > > 3.5 years. The risks, > > > of course, are steep. Still, 258,200 angels pumped $26 > > > billion into 57,120 > > > ventures last year, according to the University of New > > > Hampshire's Center > > > for Venture Research. > > > > > > Any angel will tell you there's a significant learning > > > curve. But a big > > > transformation in angel investing is making it easier > > > to move up that curve: > > > the rise of more formal angel investing groups. It > > > wasn't all that long ago > > > that angels largely hooked up with entrepreneurs > > > through ad-hoc social > > > networks, friendships created over the years, perhaps > > > at the country club or > > > local philanthropic events. Since the latter part of > > > the 1990s there has > > > been a proliferation of more professionally organized > > > groupsusually with a > > > Web sitethat screen investments and pool money on a > > > local and regional > > > level. Estimates of the number of angel groups in the > > > U.S. and Canada go as > > > high as 275. The groups even have their own > > > trade-and-education association > > > in Washington, the Angel Capital Assn. > > > > > > While many angels are current or former entrepreneurs, > > > and that background > > > can prove invaluable, they also need to develop > > > investing skills. The > > > successful angel adheres to the same disciplines that > > > make for a good > > > investor, from Berkshire Hathaway's ("BRK-A") Warren > > > Buffett to Yale > > > University's David Swensen. Understand the risks. > > > Follow an intellectual > > > framework. Have a well-thought- out methodology for > > > buying and selling. Do > > > due diligence. Diversify. "Angel investing isn't easy, > > > and it's very high > > > risk," says Tony Stanco, executive director of both > > > the National Council of > > > Entre
[obrolan-bandar] Re: How Angel Investors Get Their Wings
Hi. I'm really sorry if this topic is going off the road :) If possible, would you tell me where can i find a download-able book about macro economy please? Am a foreign student in China, hence need a book about it. Thanks a lot before hand :) As I often see you know a lot where to find a good book :) --- In obrolan-bandar@yahoogroups.com, "kang_ocoy_maen_saham" <[EMAIL PROTECTED]> wrote: > > Suggestion For Some Nice Further Reading Regarding the Topic, > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > > > > Nah Kalo Donlot Gratisnya > > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf > > > Cheers > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq > wrote: > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > menambah keyakinan untuk masuk ke market* > > > > How Angel Investors Get Their Wings > > Backing entrepreneurs with good ideas can be a > > moneymaker for these daring > > investors who go where venture capitalists fear to > > tread > > > > by Chris Farrell > > BusinessWeek Magazine > > > > Not only can John Reid claim to have been visited by > > angels, he is one. The > > 61-year-old entrepreneur founded his Parkers Prairie > > (Minn.) medical-device > > company, AbbeyMoor Medical, in 1997 with seed money > > from so-called angel > > investors. Such people invest in promising startups > > too young and raw to > > attract the attention and money of professional > > venture capitalists. Reid > > has also helped fund several early-stage ventures, on > > his own and with > > fellow angels. > > > > The credit crunch and economic downturn have some > > angels feeling skittish. > > But others see opportunity: Studies show that the best > > time to start a > > business is when the economy is down. That's because > > entrepreneurs with good > > ideas will find cheaper land, labor, supplier > > contracts, and other > > ingredients that go into starting a business. Angels > > that back such ventures > > can earn impressive long-term returnsone study cites > > a rate of return of > > about 27%, on average, or 2.6 times the investment in > > 3.5 years. The risks, > > of course, are steep. Still, 258,200 angels pumped $26 > > billion into 57,120 > > ventures last year, according to the University of New > > Hampshire's Center > > for Venture Research. > > > > Any angel will tell you there's a significant learning > > curve. But a big > > transformation in angel investing is making it easier > > to move up that curve: > > the rise of more formal angel investing groups. It > > wasn't all that long ago > > that angels largely hooked up with entrepreneurs > > through ad-hoc social > > networks, friendships created over the years, perhaps > > at the country club or > > local philanthropic events. Since the latter part of > > the 1990s there has > > been a proliferation of more professionally organized > > groupsusually with a > > Web sitethat screen investments and pool money on a > > local and regional > > level. Estimates of the number of angel groups in the > > U.S. and Canada go as > > high as 275. The groups even have their own > > trade-and-education association > > in Washington, the Angel Capital Assn. > > > > While many angels are current or former entrepreneurs, > > and that background > > can prove invaluable, they also need to develop > > investing skills. The > > successful angel adheres to the same disciplines that > > make for a good > > investor, from Berkshire Hathaway's ("BRK-A") Warren > > Buffett to Yale > > University's David Swensen. Understand the risks. > > Follow an intellectual > > framework. Have a well-thought- out methodology for > > buying and selling. Do > > due diligence. Diversify. "Angel investing isn't easy, > > and it's very high > > risk," says Tony Stanco, executive director of both > > the National Council of > > Entrepreneurial Tech Transfer and of Angel Investors > > of Greater Washington. > > "But it's high reward." > > > > Experienced angels recommend that investors create a > > diverse portfolio as a > > buttress against inevitable failures. After all, these > > are companies with > > little cash flow and no operating history. Angel > > groups funded, on average, > > about seven companies in 2007. Only a small percentage > > of an angel's capital > > should be at riskno more than 10% of investable > > wealth, counsels Susan > > Preston, currently general partner of the California > > Clean Energy Fund's > > Angel Fund, a public investment fund that takes equity > > stakes in alternative > > energy ventures. Longtime angel Richard Holdren, a > > Houston-based serial > > entrepreneur who has founded or invested in over 26 > > health-care startups, > > adds that it's critical to keep emotions in check. > > "You make money in angel > > investing by killing off your losses early, as quickly > > as possible," he > > says. "The entrepreneur really believes that success > > is just around the > > c
[obrolan-bandar] Re: How Angel Investors Get Their Wings
Projectw.org, esnips, ebookee. daftar aja ke projectw.org trus browse sdikit. bbrp file lama mungkin ada yg udah deadlink. incase of that japri saya aja bukunya apa. biasanya saya udah donlot bbrp buku finance en investment yg ok ok... --- In obrolan-bandar@yahoogroups.com, "James Arifin" <[EMAIL PROTECTED]> wrote: > > Kalau cari donlot gratisnya emang search dimana yah kang > > On 6/6/08, kang_ocoy_maen_saham <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > > > > Suggestion For Some Nice Further Reading Regarding the Topic, > > > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > > > Nah Kalo Donlot Gratisnya > > > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf > > > > Cheers > > > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq > > wrote: > > > > > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > > menambah keyakinan untuk masuk ke market* > > > > > > How Angel Investors Get Their Wings > > > Backing entrepreneurs with good ideas can be a > > > moneymaker for these daring > > > investors who go where venture capitalists fear to > > > tread > > > > > > by Chris Farrell > > > BusinessWeek Magazine > > > > > > Not only can John Reid claim to have been visited by > > > angels, he is one. The > > > 61-year-old entrepreneur founded his Parkers Prairie > > > (Minn.) medical-device > > > company, AbbeyMoor Medical, in 1997 with seed money > > > from so-called angel > > > investors. Such people invest in promising startups > > > too young and raw to > > > attract the attention and money of professional > > > venture capitalists. Reid > > > has also helped fund several early-stage ventures, on > > > his own and with > > > fellow angels. > > > > > > The credit crunch and economic downturn have some > > > angels feeling skittish. > > > But others see opportunity: Studies show that the best > > > time to start a > > > business is when the economy is down. That's because > > > entrepreneurs with good > > > ideas will find cheaper land, labor, supplier > > > contracts, and other > > > ingredients that go into starting a business. Angels > > > that back such ventures > > > can earn impressive long-term returnsone study cites > > > a rate of return of > > > about 27%, on average, or 2.6 times the investment in > > > 3.5 years. The risks, > > > of course, are steep. Still, 258,200 angels pumped $26 > > > billion into 57,120 > > > ventures last year, according to the University of New > > > Hampshire's Center > > > for Venture Research. > > > > > > Any angel will tell you there's a significant learning > > > curve. But a big > > > transformation in angel investing is making it easier > > > to move up that curve: > > > the rise of more formal angel investing groups. It > > > wasn't all that long ago > > > that angels largely hooked up with entrepreneurs > > > through ad-hoc social > > > networks, friendships created over the years, perhaps > > > at the country club or > > > local philanthropic events. Since the latter part of > > > the 1990s there has > > > been a proliferation of more professionally organized > > > groupsusually with a > > > Web sitethat screen investments and pool money on a > > > local and regional > > > level. Estimates of the number of angel groups in the > > > U.S. and Canada go as > > > high as 275. The groups even have their own > > > trade-and-education association > > > in Washington, the Angel Capital Assn. > > > > > > While many angels are current or former entrepreneurs, > > > and that background > > > can prove invaluable, they also need to develop > > > investing skills. The > > > successful angel adheres to the same disciplines that > > > make for a good > > > investor, from Berkshire Hathaway's ("BRK-A") Warren > > > Buffett to Yale > > > University's David Swensen. Understand the risks. > > > Follow an intellectual > > > framework. Have a well-thought- out methodology for > > > buying and selling. Do > > > due diligence. Diversify. "Angel investing isn't easy, > > > and it's very high > > > risk," says Tony Stanco, executive director of both > > > the National Council of > > > Entrepreneurial Tech Transfer and of Angel Investors > > > of Greater Washington. > > > "But it's high reward." > > > > > > Experienced angels recommend that investors create a > > > diverse portfolio as a > > > buttress against inevitable failures. After all, these > > > are companies with > > > little cash flow and no operating history. Angel > > > groups funded, on average, > > > about seven companies in 2007. Only a small percentage > > > of an angel's capital > > > should be at riskno more than 10% of investable > > > wealth, counsels Susan > > > Preston, currently general partner of the California > > > Clean Energy Fund's > > > Angel Fund, a public investment fund that takes equity > > > stakes in alternative > > > energy ventures.
Re: [obrolan-bandar] Re: How Angel Investors Get Their Wings
Kalau cari donlot gratisnya emang search dimana yah kang On 6/6/08, kang_ocoy_maen_saham <[EMAIL PROTECTED]> wrote: > > > > > > > Suggestion For Some Nice Further Reading Regarding the Topic, > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > Nah Kalo Donlot Gratisnya > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf > > Cheers > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq <[EMAIL PROTECTED]> > wrote: > > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > menambah keyakinan untuk masuk ke market* > > > > How Angel Investors Get Their Wings > > Backing entrepreneurs with good ideas can be a > > moneymaker for these daring > > investors who go where venture capitalists fear to > > tread > > > > by Chris Farrell > > BusinessWeek Magazine > > > > Not only can John Reid claim to have been visited by > > angels, he is one. The > > 61-year-old entrepreneur founded his Parkers Prairie > > (Minn.) medical-device > > company, AbbeyMoor Medical, in 1997 with seed money > > from so-called angel > > investors. Such people invest in promising startups > > too young and raw to > > attract the attention and money of professional > > venture capitalists. Reid > > has also helped fund several early-stage ventures, on > > his own and with > > fellow angels. > > > > The credit crunch and economic downturn have some > > angels feeling skittish. > > But others see opportunity: Studies show that the best > > time to start a > > business is when the economy is down. That's because > > entrepreneurs with good > > ideas will find cheaper land, labor, supplier > > contracts, and other > > ingredients that go into starting a business. Angels > > that back such ventures > > can earn impressive long-term returns—one study cites > > a rate of return of > > about 27%, on average, or 2.6 times the investment in > > 3.5 years. The risks, > > of course, are steep. Still, 258,200 angels pumped $26 > > billion into 57,120 > > ventures last year, according to the University of New > > Hampshire's Center > > for Venture Research. > > > > Any angel will tell you there's a significant learning > > curve. But a big > > transformation in angel investing is making it easier > > to move up that curve: > > the rise of more formal angel investing groups. It > > wasn't all that long ago > > that angels largely hooked up with entrepreneurs > > through ad-hoc social > > networks, friendships created over the years, perhaps > > at the country club or > > local philanthropic events. Since the latter part of > > the 1990s there has > > been a proliferation of more professionally organized > > groups—usually with a > > Web site—that screen investments and pool money on a > > local and regional > > level. Estimates of the number of angel groups in the > > U.S. and Canada go as > > high as 275. The groups even have their own > > trade-and-education association > > in Washington, the Angel Capital Assn. > > > > While many angels are current or former entrepreneurs, > > and that background > > can prove invaluable, they also need to develop > > investing skills. The > > successful angel adheres to the same disciplines that > > make for a good > > investor, from Berkshire Hathaway's ("BRK-A") Warren > > Buffett to Yale > > University's David Swensen. Understand the risks. > > Follow an intellectual > > framework. Have a well-thought- out methodology for > > buying and selling. Do > > due diligence. Diversify. "Angel investing isn't easy, > > and it's very high > > risk," says Tony Stanco, executive director of both > > the National Council of > > Entrepreneurial Tech Transfer and of Angel Investors > > of Greater Washington. > > "But it's high reward." > > > > Experienced angels recommend that investors create a > > diverse portfolio as a > > buttress against inevitable failures. After all, these > > are companies with > > little cash flow and no operating history. Angel > > groups funded, on average, > > about seven companies in 2007. Only a small percentage > > of an angel's capital > > should be at risk—no more than 10% of investable > > wealth, counsels Susan > > Preston, currently general partner of the California > > Clean Energy Fund's > > Angel Fund, a public investment fund that takes equity > > stakes in alternative > > energy ventures. Longtime angel Richard Holdren, a > > Houston-based serial > > entrepreneur who has founded or invested in over 26 > > health-care startups, > > adds that it's critical to keep emotions in check. > > "You make money in angel > > investing by killing off your losses early, as quickly > > as possible," he > > says. "The entrepreneur really believes that success > > is just around the > > corner, and you'll quickly go broke investing for > > 'just-around- the-corner. '" > > > > Angels rightly tend to focus their efforts in the > > industry
[obrolan-bandar] Re: How Angel Investors Get Their Wings
*Nuhun* Re: How Angel Investors Get Their Wings Posted by: "kang_ocoy_maen_saham" [EMAIL PROTECTED] kang_ocoy_maen_saham Fri Jun 6, 2008 8:15 am (PDT) Suggestion For Some Nice Further Reading Regarding the Topic, http://ebooks. ebookmall. com/ebook/ 174561-ebook. htm Nah Kalo Donlot Gratisnya http://rs42. rapidshare. com/files/ 4345471/Gerald_ A_Benjamin_ -_Angel_Capital. pdf Cheers
[obrolan-bandar] Re: How Angel Investors Get Their Wings
Suggestion For Some Nice Further Reading Regarding the Topic, http://ebooks.ebookmall.com/ebook/174561-ebook.htm Nah Kalo Donlot Gratisnya http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf Cheers --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq <[EMAIL PROTECTED]> wrote: > > *kalo market bearish, mungkin artikel dibawah ini bisa > menambah keyakinan untuk masuk ke market* > > How Angel Investors Get Their Wings > Backing entrepreneurs with good ideas can be a > moneymaker for these daring > investors who go where venture capitalists fear to > tread > > by Chris Farrell > BusinessWeek Magazine > > Not only can John Reid claim to have been visited by > angels, he is one. The > 61-year-old entrepreneur founded his Parkers Prairie > (Minn.) medical-device > company, AbbeyMoor Medical, in 1997 with seed money > from so-called angel > investors. Such people invest in promising startups > too young and raw to > attract the attention and money of professional > venture capitalists. Reid > has also helped fund several early-stage ventures, on > his own and with > fellow angels. > > The credit crunch and economic downturn have some > angels feeling skittish. > But others see opportunity: Studies show that the best > time to start a > business is when the economy is down. That's because > entrepreneurs with good > ideas will find cheaper land, labor, supplier > contracts, and other > ingredients that go into starting a business. Angels > that back such ventures > can earn impressive long-term returnsone study cites > a rate of return of > about 27%, on average, or 2.6 times the investment in > 3.5 years. The risks, > of course, are steep. Still, 258,200 angels pumped $26 > billion into 57,120 > ventures last year, according to the University of New > Hampshire's Center > for Venture Research. > > Any angel will tell you there's a significant learning > curve. But a big > transformation in angel investing is making it easier > to move up that curve: > the rise of more formal angel investing groups. It > wasn't all that long ago > that angels largely hooked up with entrepreneurs > through ad-hoc social > networks, friendships created over the years, perhaps > at the country club or > local philanthropic events. Since the latter part of > the 1990s there has > been a proliferation of more professionally organized > groupsusually with a > Web sitethat screen investments and pool money on a > local and regional > level. Estimates of the number of angel groups in the > U.S. and Canada go as > high as 275. The groups even have their own > trade-and-education association > in Washington, the Angel Capital Assn. > > While many angels are current or former entrepreneurs, > and that background > can prove invaluable, they also need to develop > investing skills. The > successful angel adheres to the same disciplines that > make for a good > investor, from Berkshire Hathaway's ("BRK-A") Warren > Buffett to Yale > University's David Swensen. Understand the risks. > Follow an intellectual > framework. Have a well-thought- out methodology for > buying and selling. Do > due diligence. Diversify. "Angel investing isn't easy, > and it's very high > risk," says Tony Stanco, executive director of both > the National Council of > Entrepreneurial Tech Transfer and of Angel Investors > of Greater Washington. > "But it's high reward." > > Experienced angels recommend that investors create a > diverse portfolio as a > buttress against inevitable failures. After all, these > are companies with > little cash flow and no operating history. Angel > groups funded, on average, > about seven companies in 2007. Only a small percentage > of an angel's capital > should be at riskno more than 10% of investable > wealth, counsels Susan > Preston, currently general partner of the California > Clean Energy Fund's > Angel Fund, a public investment fund that takes equity > stakes in alternative > energy ventures. Longtime angel Richard Holdren, a > Houston-based serial > entrepreneur who has founded or invested in over 26 > health-care startups, > adds that it's critical to keep emotions in check. > "You make money in angel > investing by killing off your losses early, as quickly > as possible," he > says. "The entrepreneur really believes that success > is just around the > corner, and you'll quickly go broke investing for > 'just-around- the-corner. '" > > Angels rightly tend to focus their efforts in the > industry they know. > Stanco, for example, was formerly an attorney at the > Securities & Exchange > Commission working with the software and computer > group. His investments are > concentrated in software. Reid is well-schooled in the > medical technology > business. > > But to get a wider range of perspectives and deals, > and to pool resources, > many angelsincluding Reid, who lives in a largely > agricultural community > with a population of 1,032join angel groups. > > THE "REAL DEAL" > Rei