is now

Muninsight

Customer demand has made us focus on the US energy market. And due to customers arriving from other parts of Northern Europe, we no longer focus solely on Danish customers. For those reasons, the name Boston Denmark Partnerships no longer applies, and so we have a new website: Muninsight

Angels, Super Angels, and Micro-VCs

On 24 February 2011, the 128 Innovation Capital Group hosted a session on Angels, Super-Angels, and Micro-VCs. The panel consisted of Ham Lord and Glenn Champagne of Launchpad Venture, an angel group, and of Dan Tollman of Tollman Capital Partners, a micro-VC.

Angels Superangels and Micro VCs

The difference between angels and VCs is mainly that angels invest their own money while VCs manage and invest that of others. A super-angel is someone who writes a lot of checks, i.e. 20/year. A micro-VC invests small amounts of money, epitomized by the phrase "$500K is the new $5m". The point is that unlike in previous years when credit was easy, it is now fashionable to bootstrap or make do with as little investment as possible, and so there is a niche for the micros - a niche just above the investment of up to $100K which is normally reserved for - as the jargon has it - friends, family, and fools.

Tollman Capital is a 5-year fund, and so they need to see an exit in the short term. Angels, of course, are not under pressure to exit.

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