We are increasingly consulted whether it would be better for start-ups to assemble financial resources through crowdfunding (e.g. Kickstarter) or through angel investors, and how to sequence each funding mode (i.e. what should come first). However, an alternative route is to combine both modes by attracting financing through a 'crowd' of angels, or 'equity based…

In April 1966 lifelong Warren Buffett friend Carol Loomis wrote an article in Fortune magazine titled: "The Jones Nobody Keeps Up With". In the article she introduces Alfred Winslow Jones and Hedge Funds to Fortune readers. She explains that Jones’ 5 year historic IRR (internal rate return) of 33.56% is 7% higher than the best…

When meeting with entrepreneurs and evaluating the market size for the opportunity they are pursuing, I often see the same mistake: a confusion of the accessible market with the potential market.  How many times have I come across this lie (as well as others….): “our market will give us $50,000 million in 2017 - look…