Band of Angels (investors)

Last updated
Band of Angels
Headquarters
535 Middlefield Road Suite 190, Menlo Park, CA 94025
Key people
 Glen McLaughlin, [1] Ian Sobieski, J. C. Hans Severiens, Wayne Tamarelli, [2] Matthew Le Merle [3]
Website www.bandangels.com

The Band of Angels was the first high technology specific angel investment group in the United States. Today the group remains very active with more than 160 members who invest their time and money into high tech startup companies. Band members have founded companies such as Cirrus Logic, Symantec, SunPower, National Semiconductor and Logitech, and have been senior executive officers at top Silicon Valley companies including Sun Microsystems, Hewlett Packard, Intel, 3Com and Intuit. [4] Numerous articles have been written about the Band, appearing in periodicals such as The New York Times , [5] The Washington Post , [6] The Wall Street Journal, Upside, Red Herring, [7] Der Spiegel , [8] U.S. News & World Report , [9] and Forbes . [10] The Band has also been featured in two Harvard Business School case studies. [11]

Contents

Background

Band members invest in deals directly; there is no pooling of resources or voting. Since 1994, Band members have invested over $186 million into over 200 startup companies. Thirteen deals that presented to the Band as seed investments became public companies; these alone returned $240M in cash to Band members and 63 other companies in the Band's portfolio have been acquired for a gain. [12]

In 2004 The Angel Capital Association established the Hans Severiens Award [13] to recognize one person each year for outstanding accomplishments in the advancement of angel investing.

See also

Related Research Articles

<span class="mw-page-title-main">Vinod Khosla</span> Indian-American businessman (born 1955)

Vinod Khosla is an Indian-American billionaire businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. Khosla made his wealth from early venture capital investments in areas such as networking, software, and alternative energy technologies. He is considered one of the most successful and influential venture capitalists. Khosla was named the top venture capitalist on the Forbes Midas List in 2001 and has been listed multiple times since that time. As of August 2024, Forbes estimated his net worth at US$7.2 billion.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology.

<span class="mw-page-title-main">Andy Bechtolsheim</span> German electrical engineer, co-founder of Sun Microsystems (born 1955)

Andreas Maria Maximilian Freiherr von Mauchenheim genannt Bechtolsheim is a German electrical engineer, entrepreneur and investor. He co-founded Sun Microsystems in 1982 and was its chief hardware designer. As of July 2024, Forbes estimated his net worth at $24.3 billion.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Ron Conway</span> American businessman

Ronald Crawford Conway is an American venture capitalist and philanthropist. He has been described as one of Silicon Valley's "super angels".

An angel investor is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt or ownership equity. Angel investors often provide support to startups at a very early stage, once or in a consecutive manner, 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 and provide advice to their portfolio companies. The number of angel investors has greatly increased since the mid-20th century.

<span class="mw-page-title-main">Bill Gurley</span> American businessman

John William Gurley is an American businessman. He is a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California. He is considered one of the top dealmakers in the American technology industry.

Klaus Hommels is a German venture capitalist. He focuses on early and growth-stage investments and has founded his own venture capital fund by the name of Lakestar, through which he has been investing mainly in digital businesses. He has been invested in Facebook, Skype and Xing; other examples are Klarna and Revolut.

Babak "Bobby" Yazdani is an Iranian-American entrepreneur and investor specializing in early-stage, private U.S.-based modern enterprise technology companies.

<span class="mw-page-title-main">AngelList</span> Website connecting startups, angel investors, and job-seekers

AngelList is an American software company for fundraising and connecting startups, angel investors, and limited partners. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge. Created by serial entrepreneur Naval Ravikant and Babak Nivi in 2010, Avlok Kohli has been leading AngelList as its CEO since 2019.

<span class="mw-page-title-main">StartX</span> US non-profit startup accelerator

StartX is a non-profit startup accelerator and founder community associated with Stanford University.

<span class="mw-page-title-main">OwnLocal</span> American digital advertising startup

OwnLocal is an Austin, Texas-based digital advertising startup founded in 2010.

Uncork Capital is a venture capital firm based in San Francisco, California, founded by Jeff Clavier. Considered one of the most active established seed funds in Silicon Valley, it has invested in companies such as Postmates, Eventbrite, Fitbit, and SendGrid.

Satish Dharmaraj is an American entrepreneur, speaker, angel investor and venture capitalist, who currently serves as a general partner with Redpoint Ventures. In 2024, he was placed #5 on the Forbes Midas List of top 100 Venture Capital investors. Prior to Redpoint Ventures, Satish Dharmaraj founded Zimbra, which he then sold to Yahoo! for $350 million, in 2007.

<span class="mw-page-title-main">Aileen Lee</span> American investor

Aileen Lee is a U.S. venture capital angel investor and co-founder of Cowboy Ventures.

TiE Silicon Valley is the largest and founding chapter of the TiE brand, a non-profit organization dedicated to fostering entrepreneurship. The chapter provides technology entrepreneurs with mentoring services, networking opportunities, startup-related education, funding, and incubating.

<span class="mw-page-title-main">Shervin Pishevar</span> Iranian-American entrepreneur, venture capitalist, super angel investor, and philanthropist

Shervin Kordary Pishevar is an Iranian-American entrepreneur, venture capitalist, super angel investor, and philanthropist. He is the co-founder and former executive chairman of Hyperloop One and a co-founder and managing director of Sherpa Capital, a venture capital fund which has invested in companies including Airbnb, Uber, GoPuff, Cue Health, Slack, Robinhood, Munchery and Postmates.

<span class="mw-page-title-main">Jennifer Fonstad</span> American venture capital investor

Jennifer Fonstad is an American venture capital investor and entrepreneur. She is the managing partner and a co-founder of the Owl Capital Group, a venture firm based in Silicon Valley. Fonstad was the Managing Director of Draper Fisher Jurvetson (DFJ) for 17 years. She is also a co-founder of angel investing network Broadway Angels. Fonstad has been recognized as a top 100 tech investor on the Forbes’ Midas List twice and was named 2016 Venture Capitalist of the Year by Deloitte.

Rubrik, Inc. is an American cloud data management and data security company based in Palo Alto, California, founded in January 2014. The company is listed on the New York Stock Exchange after going public in April 2024.

<span class="mw-page-title-main">Jeremy Liew</span> Consumer venture capitalist investor

Jeremy Liew is a venture capitalist, best known for making the initial seed investment in Snapchat.

References

  1. ↑ "Glen McLaughlin: Executive Profile & Biography - Bloomberg". investing.businessweek.com. 26 June 2023.[ dead link ]
  2. ↑ "Angel Investor Tamarelli Tells Startups: Fail Early and Fail Fast". www.njtechweekly.com. January 2012.
  3. ↑ "Fifth Era". Archived from the original on 2013-09-18. Retrieved 2013-09-18.
  4. ↑ Band of Angels Website[ full citation needed ]
  5. ↑ Field, Anne (23 June 2005). "Pools of Angels Make the Money Hunt Easier". The New York Times– via NYTimes.com.
  6. ↑ "Washingtonpost.com: WashTech". www.washingtonpost.com.
  7. ↑ "Page Not Found". Red Herring. Archived from the original on 2008-04-02. Retrieved 2009-05-01.{{cite web}}: Cite uses generic title (help)
  8. ↑ Schultz, Stefan; Francisco, San (25 March 2009). "Kapitalkrise: Ideenschwund im Silicon Valley". Der Spiegel– via Spiegel Online.
  9. ↑ "Angels of Capitalism - U.S. News & World Report". Archived from the original on 2012-10-13. Retrieved 2017-08-24.
  10. ↑ Mitra, Sramana. "The Real VCs Of Silicon Valley". Forbes .
  11. ↑ "The Domain You Requested Has Been Misconfigured". Harvardbusinessonline.hbsp.harvard.edu. Retrieved 2018-04-26.
  12. ↑ "Two Band of Angels 'Seeded' Companies Acquired in First Quarter of 2009". Archived from the original on 2012-02-29. Retrieved 2009-06-01.
  13. ↑ [ dead link ]


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.