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Australian Angels Meet in Adelaide

Focus on exits from the start.

The Australian Association of Angel Investors (AAAI) held their 3rd annual meeting in Adelaide last week. Attendance was over 125, showing a steady increase over the past three years. The messages of interest were consistent with what we are learning around the world.

Not many VCs are raising new funds. Knowledgeable leaders from all over the world delivered a consistent message: Institutional investors are quite reluctant to invest as limited partners in new venture funds, even those with experienced management. And, existing funds continue to invest in later stage ventures. This does not bode well for angel-funded companies looking for follow-on investment in the $2 to $4 million range.

by: Bill Payne

Full Story: http://www.theicehouse.co.nz/Internal/InternalBlogs/AngelsBlog/tabid/236/EntryId/66/Australian-Angels-Meet-in-Adelaide.aspx

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