Continue Your Angel Education and Improve Your Investing Skills

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Hambleton (Ham) Lord  Ham is a co-founder of Seraf and an active member of the Boston entrepreneurial community. In the early part of his career he was on the founding team of three software companies: MicroChem Technologies, Polygen and Advanced Visual Systems. In 2000, Ham joined a small angel group and became one of the region’s most active angel investors. Since 2002, Ham has been at the forefront of developing best practices for angel investing. Seraf is his latest company with the explicit goal of bringing a new level of professionalization to the angel investment asset class.

In addition to his role as a Co-Founder of Seraf, Ham is the Co-Managing Director of Launchpad Venture Group, an angel investment group focused on seed and early-stage investments in technology-oriented companies. Through his involvement with Launchpad, Ham has built a personal portfolio of 35+ early stage investments. In addition, he is a board member or board observer for Building Engines, EveryScape, Qstream and Repsly. Due to the combination of roles as an investor, advisor and angel group leader, Ham was named one of Xconomy's "Top Angel Investors in New England."

About the Authors

Full Chapter List

WHAT READERS SAID ABOUT THIS BOOK

Here's the complete chapter list. Don't miss out on this awesome content.

Chapter 1

01

Chapter 2

02

Chapter 3

05

Chapter 4

08

Chapter 5

10

Chapter 6

12

Chapter 7

18

Chapter 8

28

Chapter 9

32

Chapter 10 

40

Chapter 11

48

Chapter 12

55

Chapter 13

64

Chapter 14

80

Chapter 15

84

Chapter 16

92

Copyright 2017 Seraf Private Investor Office LLC

Jonas Kent

Creative, W, Entertainment

These guys are the best at what they do - they know their stuff. Just reading their various ebooks will be proof enough.

Jane Doe

CEO/Founder, GoodWork Inc.

These guys are the best at what they do - they know their stuff. Just reading their various ebooks will be proof enough.

Seraf: Portfolio Management for Angel Investors

Christopher Mirabile  Seraf Co-Founder Christopher Mirabile is the Chair of the Angel Capital Association and Co-Managing Director of Launchpad Venture Group, an angel investment group focused on seed and early-stage investments in technology-oriented companies. Christopher has served as a public company CFO with IONA Technologies PLC, a management consultant with Price Waterhouse's Strategic Consulting Group, and as a corporate and securities lawyer with Testa Hurwitz & Thibeault.

Christopher's portfolio management skills and insights are born of experience.  He is a full-time angel and an active member of the Boston-area angel investing community.  Not only does he help manage the Launchpad portfolio of 50+ companies, but he has personally invested in over 70 separate fund-raising rounds in 45+ start-up companies and in addition to his direct investments is a limited partner in four specialized angel funds. Christopher is a board member, advisor and mentor to numerous start-ups, and a frequent panelist and speaker on entrepreneurship and angel-related topics. He also serves as an adjunct lecturer in Entrepreneurship in the MBA program at Babson. For these reasons he was named one of Xconomy's "Top Angel Investors in New England."

A Guide to the Principles, Skills and Concepts Every Angel Investor Needs to Succeed 

Part I - A Primer for Angel Investors - is designed to review the fundamental concepts of angel investing, including: • The basics of building an angel portfolio • Expectations for return on investment • The theory and practice of asset allocation • Expectations for timing exits • The importance of due diligence • The risks inherent in early stage companies • The importance of investing both financial and human capital 

Part II - The 4 Critical Skills Every Angel Investor Should Master - helps angel investors develop key skills needed to make great investments in early stage companies, including: • How to evaluate a startup's management team • How to evaluate products and market opportunities • How to stage financial capital and make sure a company is properly financed • How to plan, optimize and manage an angel portfolio in a tax-efficient and organized manner 

Part III - Understanding Early-Stage Deal Terms - helps investors understand the concept behind key deal terms and how they can affect risk and returns. The section allows investors to navigate these sometimes very complicated deals by focusing on: • The fundamentals of equity deal terms • Mapping key deal terms to investor concerns • Deal term economics • Understanding Investor Rights/Protection provisions • Understanding Governance, Management & Control Issues • How deal terms affect exits and liquidity • Navigating angel investing documents 

Fundamentals of Angel Investing

By Hambleton Lord and Christopher Mirabile

- 180 Page Softcover Desk Reference -

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Leaders Wanted: Making Startup Deals Happen

Advanced Techniques in Deal Leadership and Due Diligence for Early Stage Investors

Part I - Guide to Due Diligence in Early Stage Companies 
Over the years and after working with many smart investors while making investments in more than 100 companies, we evolved a Due Diligence process that is intended to be quick, efficient and focused on the key issues which underpin the key risks. Part I is filled with many real world examples of what we run into when trying to wrap our arms around a potential new investment. Alongside our “war stories” are practical examples of the tools and techniques we use on a daily basis. 

Part II - The Art and Science of Deal Leadership 
This section provides the reader with the guidance of a great process and insights about how to implement it in the real world so more people can step up to serve as much-needed deal leads. As you work your way through this section, and the tools and checklists included as appendices, you will benefit from the learnings of very experienced investors who have honed their process over many years. Early stage investing networks can struggle with motivating members to step up and get involved in deal leadership and due diligence. Part of the issue is fear of the unknown and being overwhelmed by a sense of not knowing where to start. We put this section together in order to help people get over the hump and get involved.  

By Hambleton Lord and Christopher Mirabile

- 260 Page Softcover Desk Reference -

An Overview of the Principles, Skills and Concepts Every Early Stage Company Board Member Needs to Succeed.

Part I - How to Be an Effective Board Member in Early Stage Companies - is designed to review the fundamental concepts early stage board members need to know, including: • Building a Great Board • Board Structure and Mechanics • How Boards Support Management Teams • How Early Stage Board Directors Add Value • Building Great Director-CEO Communication • A Guide to Startup Board Meeting Prep • How to Run a Great Board Meeting • The Importance of Board Relationships • How to Make a CEO Successful in the Role • Helping CEOs Build Great Teams • Recruiting A New Director • Fundamentals of Director Compensation • Legal Duties for Directors • Basic Financial Controls • Liability Insurance for Directors

Part II - Perspectives and Techniques for Maximizing Investment Returns - helps board members understand the underlying concepts in creating great shareholder outcomes in an early stage company, including: • An Introduction to Angels and Exits • Understanding Key Deal Terms and How They Affect Your Returns • The Importance of Alignment Between Investors and Management • Angel Investing Exits:  The Good, the Bad and the Ugly • How to Plan for an Exit and Understand the Timeline • Timing Exits to Coincide with Key Company Inflection Points • Finding the Right Buyer for Your Company • Raising the Right Amount of Financing to Achieve a Successful Exit for the Investors • Why Early Exits are So Critical to an Angel Portfolio

Part III - Tools and Templates - These guides and templates make it easy to put into everyday use the practical advice outlined in Part I and II of the book: • Guidelines for Successful Board Meetings • Sample Board Meeting Dashboards • Sample Board Meeting Minutes • A Guide for Evaluating Board Performance • Recruiting Guide for Early Stage Company Boards • How to Conduct a CEO Performance Review • IRS Section 83(b) Election Form • Directors & Officers Insurance Concepts • Checklist for Planning Exits

Guide, Advise and Inspire: How Startup Boards Drive Growth and Exits

By Hambleton Lord and Christopher Mirabile

- 268 Page Softcover Desk Reference -