NABE Silicon Valley RoundTable

NABE Silicon Valley RoundTable

Seed Capital, Informal Observations

Speaker(s):  

Hal Nissley, PE

Meeting date:  October 10, 2006

Hal’s discussion will be similar to one that will be given to National University of Singapore, NUS, and the Business Angel Network South East Asia (BANSEA) on October 30 and will provide insights on the role of Angel investors in the start process. Angels, for example, invest in Partnerships, similar to VC funds, but the Angels collectively act as very sophisticated “Limiteds” in a VC fund. Entrepreneurs name the price, but the investors name the terms, such as liquidating preferences when the firm is sold. Do the investors get 1X or 2X or 3X back plus participate with the common shareholders? 

 

Hal holds a BS Management Science and MS Statistics & Probabilities, with minors in Math and Operations Research from Case Western Reserve University. He is a Registered Professional Engineer and also holds a BS Law from Peninsula College of Law. Hal serves on the Boards of Directors of: Angel Capital Network, Wide Area Media, LegacyJ, and Boards-Early-Stage.com. He is also a member of numerous advisory boards. Prior to becoming active in Angel Capital funding, he was employed at IBM, Booz Allen & Hamilton, and Itel Leasing. He is a frequent guest lecturer in Entrepreneurship at Stanford University. His wife, Juanita, retired from Stanford where she worked with former  Secretary of State George Shultz.

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