Archive for November, 2007

Largest study on Angel exits is released by Kauffman Foundation and Angel Capital Education Foundation

 

largest study on the financial returns of Angel investors in North America, released in a new report at Nov the 12, by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation, shows that angel investors participating in organized angel groups achieved an average 27% IRR on their investments.

Overall, this set of Angel investors affiliated with Angel groups experienced exits that generated 2.6 times their invested capital in 3.5 years from investment to exit. This return compares favorably to that of other private equity investments, including those of early-stage venture capital. Seven percent of exits generated returns above 10 times their initial investment.

Read the full report at http://www.kauffman.org/pdf/angel_groups_111207.pdf

An Interview with Robert Berman, Acquisitions & Turnarounds expert, Toronto

Robert Berman Robert’s Linkedin Profile
          
Robert’s “Business Buyer’s Manual”

Yaron Bazaz: Hi Robert, please tell us a little about yourself

Robert Berman: “Hi Yaron, I’m a born and bred Canadian and proud of it. I was lucky enough to receive my business education in two very dynamic companies. The Plessey Company which was headquartered in the UK and Rockwell International in the US. I originally joined Plessey in their sales department, but not long afterward moved into their acquisition and special operations group.

Plessey was a conglomerate of more than 80 companies with manufacturing plants in 56 countries. The product lines were very broad; telecoms, aerospace, electronic components, sewage pipe, consumer electronics and military electronics just to name a few. The acquisition and special operations group at Plessey had the total acquisition mandate, from finding potential acquisitions, negotiating terms, due diligence, and integration. As well, the group was the corporate trouble shooters, coming in to support operations that were having problems in any area, marketing, production, accounting and human resources. If a Plessey operation, anywhere in the world, lost a senior staff member due to sickness or resignation, someone from the special operations group would be installed as the interim manager.

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An interview with Daniel Cohen, Gemini Israel Fund


Gemini israel Fund Logo

Daniel Cohen is a Partner at Gemini Israel Fund , specializing in Internet and enterprise software investments. He sits on the Board of Gemini companies Adap.TV, eSnips, SupportSpace and Verix (formerly Business Events). Danny recently relocated from Israel to Gemini’s Silicon Valley Office, managing the fund’s operation in the US and providing portfolio companies with a direct link to the technology and VC activity in California. In addition, Danny led the creation of Gemini’s Internet Lab, which co-invests funds in Internet companies together with Lightspeed Venture Partners. He currently sits on the Board of the Lab. Previously Danny was a Principal at Gemini, responsible for the Fund’s deal flow and deal sourcing process. Danny began his career as a software engineer at Scitex and was later moved from development to product management at Sagitta and assumed responsibility for the product management team. In 2000, Danny joined the strategic marketing department at Commtouch and was promoted to Sr. Director of Product Marketing. Danny has a BA in computer science and psychology from Tel-Aviv University and an MBA from INSEAD, France.

Listen to the Interview with Danny:

 
icon for podpress  Daniel Cohen Interview for the VC/PE Interviews Blog by Yaron Bazaz: Play Now | Play in Popup | Download

 

Danny’s favorites business books:

  • The Revolution Will not be televised (Democracy, The Internet, And the overthrow of everything): Joe Trippi
  • Patriot Reign (Bill Belichick, the coaches, and the players who built a champion): Michael Holley
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    Links:

    Gemini Israel Fund Danny’s Blog Danny at Facebook Linkedin Profile
    kauffman Fellows LG Internet Lab Hapoel Haifa

     

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