http://angelunplugged.wordpress.com/2008/04/18/paul-graham-sees-the-light/ Adventures in angel investing Thu, 13 Nov 2008 04:00:39 +0000 http://wordpress.com/ hourly 1 http://angelunplugged.wordpress.com/2008/04/18/paul-graham-sees-the-light/#comment-19 Brace E. Barber Wed, 30 Apr 2008 19:36:21 +0000 http://angelunplugged.wordpress.com/?p=18#comment-19 This analysis was written using the blood from my veins. My company is staring large purchase orders in the face after two years of fighting the start up game. Yet, we're struggling to convince "sophisticated" investors that the pittance of money we need to prep for manufacturing is a good opportunity. Long story, of course, but in a conversation yesterday with a PE firm, I was told that investors want three years of track record and positive cash flow. THAT was their definition of an opportunity. That is my definition of the stock market. Have fun with those returns. This analysis was written using the blood from my veins. My company is staring large purchase orders in the face after two years of fighting the start up game. Yet, we’re struggling to convince “sophisticated” investors that the pittance of money we need to prep for manufacturing is a good opportunity. Long story, of course, but in a conversation yesterday with a PE firm, I was told that investors want three years of track record and positive cash flow. THAT was their definition of an opportunity. That is my definition of the stock market. Have fun with those returns.

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