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Open Angel Forum
The Open Angel Forum is a recurring event designed to aid early stage startup companies seeking funding, via presentations to prospective angel investors. Launched in 2009 by tech entrepreneur and media figure Jason Calacanis, the event was the culmination of a series of public comments by Calacanis questioning the ethics of groups who charge fledgling companies to present to wealthy investors. Calacanis, already co-founder of startup competition TechCrunch50 with Michael Arrington (which ran from 2007 to 2009), had spoken out repeatedly against specific groups he characterized as preying on small, hopeful companies seeking financing. The conversation evolved quickly over the course of several days, beginning with blog postcalling for "Jihad" against the Keiretsu Forum, a discussion on his online broadcast This Week in Startups, and two impassioned polemics outlining the impetus for creating an alternative model: thfirstself-described as "declaring war" and "written with boiling bl ...
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Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ...
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Angel Investors
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origin T ...
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Jason Calacanis
Jason McCabe Calacanis (born November 28, 1970) is an American Internet entrepreneur, angel investor, author and podcaster. His first company was part of the dot-com era in New York. His second venture, Weblogs, Inc., a publishing company that he co-founded together with Brian Alvey, capitalized on the growth of blogs before being sold to AOL. Calacanis is also an angel investor in various technology startups, and co-host of the ''All-In Podcast'' & ''This Week in Startups Podcast''. Early life Calacanis was born in the Bay Ridge section of Brooklyn, New York, to parents of Greek and Irish origin, and has two brothers. He graduated from Xaverian High School in 1988. He then attended Fordham University, where he received a B.A. in psychology. Career Calacanis started his career in the 1990s as a reporter covering the internet industry in New York. Calacanis was founder and CEO of Rising Tide Studios, a media company that published print and online publications. During th ...
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Michael Arrington
J. Michael Arrington (born March 13, 1970) is the American founder and former co-editor of TechCrunch, a blog covering the Silicon Valley technology start-up communities and the wider technology field in America and elsewhere. Magazines such as ''Wired'' and ''Forbes'' have named Arrington one of the most powerful people on the Internet. In 2008, he was selected by ''TIME'' Magazine as one of the most influential people in the world. Biography Born in Huntington Beach, California, Arrington grew up in Huntington Beach and Surrey, England. He attended the University of California, Berkeley for his freshman year and graduated from Claremont McKenna College with a major in economics. He went on to Stanford Law School and graduated in 1995. He practiced corporate and securities law at O'Melveny & Myers and Wilson Sonsini Goodrich & Rosati. Arrington left the practice of law to join RealNames, which failed after raising $100 million. Arrington was co-founder of Achex, an internet pay ...
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Jihad
Jihad (; ar, جهاد, jihād ) is an Arabic word which literally means "striving" or "struggling", especially with a praiseworthy aim. In an Islamic context, it can refer to almost any effort to make personal and social life conform with God's guidance, such as struggle against one's evil inclinations, proselytizing, or efforts toward the moral betterment of the Muslim community (''Ummah''), though it is most frequently associated with war. In classical Islamic law (''sharia''), the term refers to armed struggle against unbelievers, while modernist Islamic scholars generally equate military ''jihad'' with defensive warfare. In Sufi circles, spiritual and moral jihad has been traditionally emphasized under the name of ''greater jihad''. The term has gained additional attention in recent decades through its use by various insurgent Islamic extremist, militant Islamist, and terrorist individuals and organizations whose ideology is based on the Islamic notion of ''jihad''. T ...
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Keiretsu Forum
Keiretsu Forum, which was founded in 2000 by Randy Williams, is a private group of international members comprising an angel investor network. The network has 53 chapters in cities such as San Francisco California, Seattle Washington, New York City, Paris France, Istanbul Turkey, and Chennai in India. Investor Capital Expo In 2008, Williams started the Keiretsu Forum Investor Capital Expo, which brings together angel investors and entrepreneurs looking for funding, and which takes place every year in Silicon Valley/San Francisco for the Northern California Investor Capital Expo, Investor Capital Expos have been hosted in cities including: Stockholm, Seattle, Sydney, Toronto, Prague, Chicago, and Philadelphia. Referral Fees Controversy Keiretsu Forum operates using a referral model that charges entrepreneurs and startups significant fees for the opportunity to pitch to the network members, a practice that is strongly discouraged in Angel Capital Association guidelines. In 2009 ...
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Fred Wilson (financier)
Fred Wilson (born August 20, 1961) is an American businessman, venture capitalist and blogger. Wilson is the co-founder of Union Square Ventures, a New York City-based venture capital firm with investments in Web 2.0 companies such as Twitter, Tumblr, Foursquare, Zynga, Kickstarter, Etsy and MongoDB. Career Fred Wilson began his career as an associate and then became a General Partner at Euclid Partners. He worked at Euclid Partners from 1987 to 1996. In 1996 Wilson and Jerry Colonna began Flatiron Partners, which was named after the Flatiron District. Based in New York City, it grew into an investment fund that focused primarily on follow-on investing, with investments in notable dot-com bubble successes and failures, including Alacra, comScore Networks, Yoyodyne, Geocities, Kozmo.com, ''The New York Times'' Digital, PlanetOut, Return Path, Scout electromedia, Standard Media International, Starmedia, Favemail, and VitaminShoppe.com. The firm's 1996 fund capitalized at $150& ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of California cities by population, fourth most populous in California and List of United States cities by population, 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the County statistics of the United States, fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and '' ...
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Palo Alto
Palo Alto (; Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a coastal redwood tree known as El Palo Alto. The city was established in 1894 by the American industrialist Leland Stanford when he founded Stanford University in memory of his son, Leland Stanford Jr. Palo Alto includes portions of Stanford University and borders East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. At the 2020 census, the population was 68,572. Palo Alto is one of the most expensive cities in the United States in which to live, and its residents are among the most educated in the country. However, it also has a youth suicide rate four times higher than the national average, often attributed to academic pressure. As one of the principal cities of Silicon Valley, Palo Alto is headquarters to a number of high-tech companies, includi ...
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Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ...
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Boulder, CO
Boulder is a home rule city that is the county seat and most populous municipality of Boulder County, Colorado, United States. The city population was 108,250 at the 2020 United States census, making it the 12th most populous city in Colorado. Boulder is the principal city of the Boulder, CO Metropolitan Statistical Area and an important part of the Front Range Urban Corridor. Boulder is located at the base of the foothills of the Rocky Mountains, at an elevation of above sea level. Boulder is northwest of the Colorado state capital of Denver. It is home of the main campus of the University of Colorado, the state's largest university. History On November 7, 1861, the Colorado General Assembly passed legislation to locate the University of Colorado in Boulder. On September 20, 1875, the first cornerstone was laid for the first building (Old Main) on the CU campus. The university officially opened on September 5, 1877. In 1907, Boulder adopted an anti- saloon ordinance ...
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