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Part 2: The Due Diligence Framework for SMB Acquisition Deals

In Part 1, we introduced SMB acquisition investing as an emerging, cash-flow-driven, private asset class that offers a risk-return profile distinct from early-stage venture capital, making it a potentially attractive tool for portfolio diversification. Now, we turn to...

Part 1: Small Business as an Asset Class—A Counterpoint to Venture

SMB acquisition investing focuses on purchasing established companies with a proven business model, existing revenue, and reliable cash flow.

Angel Investing Exits: The Good, the Bad, and the Ugly

After a year or two down the path of building a diversified portfolio of angel investments, many individual angels are faced with some uncertainty about their path forward. The questions on many experienced angels’ minds are “Will I make a good enough return on my...

Women in VC Webinar

  Join Seraf for an insightful webinar on Women in Venture Capital, where we will explore the growing impact of women in the VC industry.

I’ll Be Brief: Why Angels Should Insist on a One-Pager

Entrepreneurs seeking to engage with investors usually offer up written materials. Usually they offer whatever they have on hand. Smart investors should insist on a crisp “one-pager” executive summary. They are kind of a hassle to create, and that is exactly the...

Board Dynamics – Curbing Bad Director Behavior

I hate to say this, but some startup boards end up having to deal with bad behavior from directors. What happens when board dynamics don’t seem to be going all that well? I’ve adopted the phrase “hacking the board” to reflect the fact that when it comes to early...

Dividing the Pie: How Venture Fund Economics Work [Part I]

Before we dive into the details on how the economics work on an early stage venture fund, let’s cut right to the chase. Running an early stage venture fund is not an easy way to get rich quick. In fact, it’s probably the most amount of work for the least amount of...

Seraf Toolbox: Portfolio Snapshot Checklist

Designed for quarterly reviews, it helps you track company performance, spot red flags, and identify follow-on opportunities.

Who Owns What – Understanding Early Stage Capitalization Tables [Part II]

In Part I of this article we gave an overview of capitalization tables and the key terms used in cap table analysis that every investor must understand: Valuations, Security Types and Share Counts. In Part II we'll take a closer look at how cap tables evolve over...

The VC Stack Makeover: What Today’s Funds Need – Webinar

We partnered with DreamVC in this webinar to unpack how investors, big and small, are building smarter, more scalable stacks.
Seraf Investor Compass

Short and To the Point: Producing a Tight Report

We’ve all experienced pedantic people try to make their points by browbeating the listener. And we’ve all been frustrated by repetitive or long-winded people who just cannot get to the point. We just tune them out. They are not effective, whether in person or in...

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Seraf Investor Compass Blog

Seraf Investor

 Seraf Investor – Angel Investing: Valuation, Capitalization and Startup Economics. So, which is the right method for an angel looking for long-term returns?