12/10/2009
Demons dressed as angels
The term „business angel” conjures up an image of the benevolent investor… helping the aspiring start-up with money, advice and connections to grow his company big. It so happens, that some angels are less angelic than they seem. Sometimes they are outright demonic. The position of a business angel is fiduciary. His qualifications are: having [...]
12/08/2009
Left too much on the table
“For years, I left too much money on the table” – cried out a business angel to me the other day. He had considered ‘money pinching’ lowly behaviour, that poisons relations with the management and fellow investors of his company. In fact, the opposite happened: His lax attitude-encouraged his partners to take advantage of him. When [...]