September 10th, 2010

Super Angel/VC SMACKDOWN: What's so Great about Convertible Debt? (TCTV)

We’ve come to the last installment of the Super Angel v. VC SMACKDOWN and we’ve saved the wonkiest, nerdiest topic for last: Should entrepreneurs swap investor cash for convertible debt or equity?

Somehow, this is the topic that generates the most passion. If you don’t understand the basics, August Capital’s David Hornik– a former lawyer– breaks them down: “It’s about price and control.” Angels… → Read More

September 9th, 2010

Super Angel v. VC SMACKDOWN, Part 4: Is Silicon Valley Getting Disrupted? (TCTV)

Ding, ding! It’s round four of our Super Angel v. VC SMACKDOWN. Both of our pugilist Davids live and work in Silicon Valley. Given that today’s topic is about whether or not the heft of East Coast Super Angels like Josh Kopelman, Chris Dixon and Fred Wilson is pulling the center of early stage funding gravity away from famed Sand Hill Road, you’d think it’d be nothing but agreement. “Oh, no→ Read More

September 8th, 2010

Super Angel v. VC SMACKDOWN Part 3: Are Angels Just about the Flip? (TCTV)

In part three of our Super Angel v. VC SMACKDOWN Dave McClure says “I am all about the flip. GREED IS GOOD. I am Gordon Gekko in Silicon Valley.” But is he? Wouldn’t greed be going after the big win not the tiny flip?

In this clip we come to one of the core distinctions between Super Angels and VCs: Are sub-$50 million exits the desired goal in Silicon Valley or are small acquisitions what you… → Read More

September 7th, 2010

Super Angel v. VC SMACKDOWN Part 2: Are Super Angels Just a Phase? (TCTV)

So let me get this straight, you call yourself an angel, but you’re investing limited partners’ money…doesn’t that just make you a small, early-stage VC? And if you’re successful, don’t you just raise a bigger fund and hire more partners, looking a lot more like an early stage VC?

In day two of our David v. David/ Super Angel v. VC SMACKDOWN, even Dave McClure admits “Super Angel” is a flawed… → Read More