Projectw.org, esnips, ebookee. daftar aja ke projectw.org trus browse sdikit. bbrp file lama mungkin ada yg udah deadlink. incase of that japri saya aja bukunya apa. biasanya saya udah donlot bbrp buku finance en investment yg ok ok...
--- In obrolan-bandar@yahoogroups.com, "James Arifin" <[EMAIL PROTECTED]> wrote: > > Kalau cari donlot gratisnya emang search dimana yah kang > > On 6/6/08, kang_ocoy_maen_saham <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > > > > Suggestion For Some Nice Further Reading Regarding the Topic, > > > > http://ebooks.ebookmall.com/ebook/174561-ebook.htm > > > > Nah Kalo Donlot Gratisnya > > > > http://rs42.rapidshare.com/files/4345471/Gerald_A_Benjamin_-_Angel_Capital.pdf > > > > Cheers > > > > --- In obrolan-bandar@yahoogroups.com, Hanif Mantiq <hanif_mantiq@> > > wrote: > > > > > > > > *kalo market bearish, mungkin artikel dibawah ini bisa > > > menambah keyakinan untuk masuk ke market* > > > > > > How Angel Investors Get Their Wings > > > Backing entrepreneurs with good ideas can be a > > > moneymaker for these daring > > > investors who go where venture capitalists fear to > > > tread > > > > > > by Chris Farrell > > > BusinessWeek Magazine > > > > > > Not only can John Reid claim to have been visited by > > > angels, he is one. The > > > 61-year-old entrepreneur founded his Parkers Prairie > > > (Minn.) medical-device > > > company, AbbeyMoor Medical, in 1997 with seed money > > > from so-called angel > > > investors. Such people invest in promising startups > > > too young and raw to > > > attract the attention and money of professional > > > venture capitalists. Reid > > > has also helped fund several early-stage ventures, on > > > his own and with > > > fellow angels. > > > > > > The credit crunch and economic downturn have some > > > angels feeling skittish. > > > But others see opportunity: Studies show that the best > > > time to start a > > > business is when the economy is down. That's because > > > entrepreneurs with good > > > ideas will find cheaper land, labor, supplier > > > contracts, and other > > > ingredients that go into starting a business. Angels > > > that back such ventures > > > can earn impressive long-term returnsone study cites > > > a rate of return of > > > about 27%, on average, or 2.6 times the investment in > > > 3.5 years. The risks, > > > of course, are steep. Still, 258,200 angels pumped $26 > > > billion into 57,120 > > > ventures last year, according to the University of New > > > Hampshire's Center > > > for Venture Research. > > > > > > Any angel will tell you there's a significant learning > > > curve. But a big > > > transformation in angel investing is making it easier > > > to move up that curve: > > > the rise of more formal angel investing groups. It > > > wasn't all that long ago > > > that angels largely hooked up with entrepreneurs > > > through ad-hoc social > > > networks, friendships created over the years, perhaps > > > at the country club or > > > local philanthropic events. Since the latter part of > > > the 1990s there has > > > been a proliferation of more professionally organized > > > groupsusually with a > > > Web sitethat screen investments and pool money on a > > > local and regional > > > level. Estimates of the number of angel groups in the > > > U.S. and Canada go as > > > high as 275. The groups even have their own > > > trade-and-education association > > > in Washington, the Angel Capital Assn. > > > > > > While many angels are current or former entrepreneurs, > > > and that background > > > can prove invaluable, they also need to develop > > > investing skills. The > > > successful angel adheres to the same disciplines that > > > make for a good > > > investor, from Berkshire Hathaway's ("BRK-A") Warren > > > Buffett to Yale > > > University's David Swensen. Understand the risks. > > > Follow an intellectual > > > framework. Have a well-thought- out methodology for > > > buying and selling. Do > > > due diligence. Diversify. "Angel investing isn't easy, > > > and it's very high > > > risk," says Tony Stanco, executive director of both > > > the National Council of > > > Entrepreneurial Tech Transfer and of Angel Investors > > > of Greater Washington. > > > "But it's high reward." > > > > > > Experienced angels recommend that investors create a > > > diverse portfolio as a > > > buttress against inevitable failures. After all, these > > > are companies with > > > little cash flow and no operating history. Angel > > > groups funded, on average, > > > about seven companies in 2007. Only a small percentage > > > of an angel's capital > > > should be at riskno more than 10% of investable > > > wealth, counsels Susan > > > Preston, currently general partner of the California > > > Clean Energy Fund's > > > Angel Fund, a public investment fund that takes equity > > > stakes in alternative > > > energy ventures. Longtime angel Richard Holdren, a > > > Houston-based serial > > > entrepreneur who has founded or invested in over 26 > > > health-care startups, > > > adds that it's critical to keep emotions in check. > > > "You make money in angel > > > investing by killing off your losses early, as quickly > > > as possible," he > > > says. "The entrepreneur really believes that success > > > is just around the > > > corner, and you'll quickly go broke investing for > > > 'just-around- the-corner. '" > > > > > > Angels rightly tend to focus their efforts in the > > > industry they know. > > > Stanco, for example, was formerly an attorney at the > > > Securities & Exchange > > > Commission working with the software and computer > > > group. His investments are > > > concentrated in software. Reid is well-schooled in the > > > medical technology > > > business. > > > > > > But to get a wider range of perspectives and deals, > > > and to pool resources, > > > many angelsincluding Reid, who lives in a largely > > > agricultural community > > > with a population of 1,032join angel groups. > > > > > > THE "REAL DEAL" > > > Reid belongs to a group of 26 angels affiliated with a > > > larger umbrella > > > network, RAIN Source Capital, based in St. Paul, Minn. > > > RAIN organizes small > > > groups of angels in mainly Midwestern states into a > > > network of some 400 > > > members. That makes it easier to develop a deal flow, > > > pool money, and share > > > expertise. Angels living in Grand Rapids, Mankato, St. > > > Cloud, and similar > > > Minnesota towns have invested some $7 million in > > > Reid's company. "We get > > > prospects in front of the network to find the members > > > who will say: 'I used > > > to be in that business' and to tell us whether it's a > > > real deal," Reid says. > > > There could be a deal coming in Mankato, he says, that > > > "we never would have > > > seen without the RAIN network." > > > > > > The level of professionalism at angel groups is all > > > over the map. Some mimic > > > professional venture funds, a number have forged close > > > ties to universities, > > > and others are more like social clubs engaged in > > > for-profit philanthropy. A > > > common mantra among angels and angel groups is the > > > importance of due > > > diligence. That means pursuing questions like: What is > > > the market > > > opportunity, barriers to entry, and business model? > > > What's the company's > > > competitive edge? Is there an exit strategy? What is > > > the entrepreneur' s > > > background? "The biggest fallacy is that 98% of people > > > think if they have a > > > wonderful technology the business will take care of > > > itself," says Holdren. > > > "But the character of the entrepreneur is more > > > important than the > > > technology." > > > > > > What sort of return can an angel expect? There's that > > > rate of return of > > > about 27%, on average, a result reached by professor > > > Robert Wiltbank of > > > Willamette University and Warren Boeker of the > > > University of Washington in a > > > study of 539 angels from 86 groups in North America > > > from 1990 to 2007. The > > > return figure comes from 1,137 "exits" during this > > > time period through > > > mergers and acquisitions, initial public offerings, > > > bankruptcies, and shut > > > doors. > > > > > > Of course, averages can be a bit misleading. Remember, > > > on average Lake Erie > > > never freezes, and the stock market returns, on > > > average, some 11% a year. > > > With the return number for angel investing, keep in > > > mind that 7% of the > > > venture exits that the professors studied had returns > > > of 10 times investment > > > while 39% had a multiple of less than one times > > > investment. The Center for > > > Venture Research estimates that angels enjoyed a rate > > > of return in 2007 > > > between 20% and 40%. "Invest what you could lose > > > without changing your > > > lifestyle," advises Jeffrey Sohl, director of the > > > Center. Inevitably, part > > > of the reward will be psychic. But it's fun to > > > remember the outcome of a > > > $100,000 investment that Sun Microsystems co-founder > > > Andrew Bechtolsheim > > > made to two Stanford University graduate students. The > > > check allowed the > > > students to move out of dorm rooms and start marketing > > > their revolutionary > > > idea. The result: Google. > > > > > > Farrell is contributing economics editor for > > > BusinessWeek. You can also hear > > > him on American Public Media's nationally syndicated > > > finance program, > > > Marketplace Money, as well as on public radio's > > > business program > > > Marketplace. His Sound Money column appears on > > > BusinessWeek. com. > > > > > > > > > > > >
