David Rose's new book on angel investingBy http://profile.typepad.com/1237764140s22740 // May 9, 2014 in Angels
Just got David Rose's new book in the mail, on angel investing.
Definitely looks like it's worth checking out.
Those of us who hang out a fair bit on blogs and online will be familiar with many of David's precepts, from his long, detailed and popular answers on the topic on Quora.
But this book looks like a great way to organize his philosophy on angel investing in one place.
The angel lawyer in me is first drawn - naturally - to a deal form bank at the back, where there is what looks like a term sheet for a light preferred stock offering that combines the NVCA model forms with Ted Wang's Series Seed.
But, bigger picture, the book should be valuable for insights into David's practices as an angel. Chapter titles include "why everyone with six figures to invest should consider angel investing" and"why every angel needs to invest in at least 20 companies."
The first time I encountered how opinionated and direct David could be was when serving on a panel with him at a talk at an accelerator in DUMBO a couple years ago. The topic was crowdfunding, and David was confident that the right structure for non-accredited crowdfunding deals was revenue loans.
And sure enough, there is a revenue loan term sheet in this book! (But I'm swinging back again to being a lawyer.)