Most angel investors dream of home-run exits, funneling seed capital into young start-ups with hopes they’ll turn into Google, YouTube or even Mint.com. But the Band of Angels, an angel group flush with its third fund, believes there’s mighty value in later-stage companies and smaller acquisition prices.
“Sure, everyone is talking about the sale of Mint.com,” said Ian Sobieski, a founder and managing director of Band of Angels, referring to Mint Software Inc.’s recent $170 million sale to Intuit Inc. “But if my buddy can sell his company for $12 million, $15 million without too much dilution, that’s pretty good.”
Angel Group Looks For Wins By Setting Its Sights A Little Later
