I am sitting now at a Tech Coast Angels' (TCA) meeting... I was invited to one of their standard screening sessions which they hold every month, with usually 3 - 4 presentations of companies which already have a supporter among their members who has worked with them, prepared them for the presentation and also introduces them to the others... After a 15-min presentation there is usually a 10-min Q&A - and guess what, the entrepreneurs never talk back to the angels saying the usual (in the Czech environment) "no, no, we can surely handle it" or "you don't understand, Microsoft isn't able to do this"... Entrepreneurs very carefully listen to the question and then usually start with "oh, that's a great question"... Do you think it's lame...? No no, you're wrong...
After the 4 presentations (today there were 4), it is time for a working lunch, already without the entrepreneurs where members of TCA discuss each of the opportunities and at the end express their interest to participate in a post-screening meeting which is usually scheduled for the following week, which will start due diligence process and should lead to an investment...
I was happy to see 4 projects which I think are (to some extent) all investable, and according to the interest of the TCA members I believe that at least 2 of them will be...
And what about the headline...? When I came to the meeting, all I saw in the parking lot were Lexus cars of different models... Well, after the meeting was finished I saw some of the people leaving in BMWs or Porsches, but why wasting a nice headline, right...?
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