I just returned from the 2011 Angel Capital Association Summit in Boston, April 4-6, 2011. It was attended by over 500 angels and associates, including about 60 international angel leaders. It was an excellent meeting – the best yet of the half-dozen or so US ACA angel Summits to date.
On Wednesday afternoon, I was fortunate to be asked to facilitate a roundtable discussion entitled: “Valuation of Pre-Revenue Companies and Irrational Exuberance” attended by 50 or so delegates. We reviewed the following chart based on an informal survey I conducted last summer:
2010 Angel Valuation Survey
(Pre-money Valuation of Pre-revenue Companies)
Angel Group Pre-moneyValuation*
Tech Coast Angels $1.25
Phenomenelle Angels $1.30
New York Angels $1.30
Frontier Angel Fund….