We focus our resources on startups / sectors that we understand and that will be of interest to our investment community.
These are some of the elements that should help you determine if you are entering our "investment scope".
The size of the round
We appreciate
Seed round (1st round)
between 300 and €800K
Series A (2nd round)
1M- €5M in co-investment
startups with part of that round secured
Sectors of activity
We are very generalists!
We appreciate: Fintech, Big Data, IA, VR, SaaS, Marketplace, Machine learning, Medtech, Cybersecurity, Greentech, Cleantech, Mobile, Robotics, 3D, E-commerce...
Team
We appreciate
Complementary and full-time teams
We don’t appreciate
Diluted founders -[see why] (https://blog.angelsquare.co/tips-pas-de-lev%C3%A9e-of-funds-without-a-capitalization-table-107d25140328)
Valuation
We appreciate
Contractors open to negotiation on their valuation
Speaking of price, the mistake that founders make (corresponding to investors focusing too much on downside terms) is focusing too much on getting a high price. I have seen many founders price out good investors and put the company in a bad situation facing a down round a year later, all because they were obsessed with getting a high sticker price for their company. I think it's because it gives founders something quantitative to compete on - Sam Altman Y Combinator
We don’t appreciate
The chartered accountants appointed in your place to sell a valuation :)
Find out more about valuation[here] (https://blog.angelsquare.co/la-lev%C3%A9e-de-fonds-strategy%C3%A9gie-de-lev%C3%A9e-1-d31f45884857)
KPIS, metrics, track-records
This is where you have to impress us, by showing us that with few resources, a little growth-hacking, networking and common sense, you managed to generate interest in your solution / product.
It all depends on your startup and your sector, but here are some indicators to master
Number of "active" users ( DAU / MAU)
Analytics: pages viewed, number of visits etc...
Churn rate
ARPU
CA
CAC
Burn Rate
Conversion rate
Retention rate
Revenue Growth Rate [ ( (Revenue Month B)- (Revenue Month A)] / ($) Revenue Month A X 100= (%)
If there's one number every founder should always know, it's the company's growth rate. That's the measure of a startup. If you don't know that number, you don't even know if you're doing well or badly - Paul Graham, VC and Co-Founder of Y Combinator
To see more KPIS,[click here](https://a16z.com/2015/08/21/16-metrics/) ( source: a16z)
Other
We don’t appreciate
A poorly justified round: to finance the purchase of goods, stock, premises, etc.
Working with intermediaries on fundraising.
Bonus: Be recommended by one of our Business Angels or Alumni
These are some of the elements that should help you determine if you are entering our "investment scope".
The size of the round
We appreciate
Seed round (1st round)
between 300 and €800K
Series A (2nd round)
1M- €5M in co-investment
startups with part of that round secured
Sectors of activity
We are very generalists!
We appreciate: Fintech, Big Data, IA, VR, SaaS, Marketplace, Machine learning, Medtech, Cybersecurity, Greentech, Cleantech, Mobile, Robotics, 3D, E-commerce...
Team
We appreciate
Complementary and full-time teams
We don’t appreciate
Diluted founders -[see why] (https://blog.angelsquare.co/tips-pas-de-lev%C3%A9e-of-funds-without-a-capitalization-table-107d25140328)
Valuation
We appreciate
Contractors open to negotiation on their valuation
Speaking of price, the mistake that founders make (corresponding to investors focusing too much on downside terms) is focusing too much on getting a high price. I have seen many founders price out good investors and put the company in a bad situation facing a down round a year later, all because they were obsessed with getting a high sticker price for their company. I think it's because it gives founders something quantitative to compete on - Sam Altman Y Combinator
We don’t appreciate
The chartered accountants appointed in your place to sell a valuation :)
Find out more about valuation[here] (https://blog.angelsquare.co/la-lev%C3%A9e-de-fonds-strategy%C3%A9gie-de-lev%C3%A9e-1-d31f45884857)
KPIS, metrics, track-records
This is where you have to impress us, by showing us that with few resources, a little growth-hacking, networking and common sense, you managed to generate interest in your solution / product.
It all depends on your startup and your sector, but here are some indicators to master
Number of "active" users ( DAU / MAU)
Analytics: pages viewed, number of visits etc...
Churn rate
ARPU
CA
CAC
Burn Rate
Conversion rate
Retention rate
Revenue Growth Rate [ ( (Revenue Month B)- (Revenue Month A)] / ($) Revenue Month A X 100= (%)
If there's one number every founder should always know, it's the company's growth rate. That's the measure of a startup. If you don't know that number, you don't even know if you're doing well or badly - Paul Graham, VC and Co-Founder of Y Combinator
To see more KPIS,[click here](https://a16z.com/2015/08/21/16-metrics/) ( source: a16z)
Other
We don’t appreciate
A poorly justified round: to finance the purchase of goods, stock, premises, etc.
Working with intermediaries on fundraising.
Bonus: Be recommended by one of our Business Angels or Alumni
Updated on: 15 / 04 / 2019