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Houston founders advised to wait for 'hockey-stick' growth before seeking major VC funding
Summary
Investors on a SCORE Houston podcast advised founders that angel investors commonly fund very early stages while venture capital is most appropriate once there is clear, rapid growth potential. Panelists outlined what angels look for, suggested preparation for initial meetings and gave typical investment-size ranges.
On a SCORE Houston and Houston TV podcast episode about commercializing innovation, venture advisor Jan Odegaard and angel investor Firoz Javer outlined how founders should time fundraising and what early-stage investors typically evaluate.
Odegaard, founder and chief executive of 62x ventures, said significant venture-capital funding is most appropriate when a company has “line of sight in hockey stick growth.” He added, “If you take it much earlier than that, you're risking giving away most of your company.”
The distinction between angels and venture capitalists, the panelists said, centers on timing, check size and investor…
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