[AR] Re: Experience with spaceangelsnetwork.com
- From: "Monroe L. King Jr." <monroe@xxxxxxxxxxxxxxxxxx>
- To: arocket@xxxxxxxxxxxxx
- Date: Tue, 04 Feb 2014 15:23:53 -0700
I understand that. There is not nearly enough funding going on is
really what I'm saying. Compared to the amount of New Space hype going
on.
Sure SpaceX and XCOR can get funding. Thanks for the others though for
sure I'm interested in them. I'm also just pointing out how high that
hurdle is. I think it would help others much to get a better idea of
just that.
Another MAJOR falling is market data for new space start up's. I
imagine that will change as things progress over the next 5 years.
Monroe
> -------- Original Message --------
> Subject: [AR] Re: Experience with spaceangelsnetwork.com
> From: Jonathan Goff <jongoff@xxxxxxxxx>
> Date: Tue, February 04, 2014 3:08 pm
> To: arocket@xxxxxxxxxxxxx
>
>
> Monroe,
>
> As Bill pointed out, there have been angel and VC investments in credible
> startups with solid business plans. That's a high hurdle to reach, but not
> unattainable. Some companies I personally know of that have closed
> investment rounds include:
>
> PlanetLabs
> SkyBox Imaging
> Dauria Aerospace
> NanoRacks LLC
> XCOR Aerospace
> SpaceX
>
> Getting serious funding for an aerospace startup is hard, but not
> impossible, if you have a believable business model, a good team, etc.
>
> ~Jon
>
>
>
> On Tue, Feb 4, 2014 at 2:09 PM, Monroe L. King Jr. <
> monroe@xxxxxxxxxxxxxxxxxx> wrote:
>
> > To Clarify: The only real funding I've seen in the US has been NASA
> > SBIR's or DARPA funding projects. If there are ANY other funding sources
> > actually working I'd like to know about it. I'm not talking about once
> > in a blue moon funding here.
> >
> > Monroe
> >
> > > -------- Original Message --------
> > > Subject: [AR] Re: Experience with spaceangelsnetwork.com
> > > From: Lee Valentine <leesvalentine@xxxxxxxxx>
> > > Date: Tue, February 04, 2014 1:48 pm
> > > To: arocket@xxxxxxxxxxxxx
> > >
> > >
> > > Space Angels has had nothing to do with XCOR's funding.
> > >
> > > Lee Valentine, member Board of Directors, XCOR Aerospace
> > >
> > >
> > > On Tue, Feb 4, 2014 at 1:04 AM, Neil Jaschinski <neil.jaschinski@xxxxxx
> > >wrote:
> > >
> > > > Hi Jon,
> > > >
> > > > thank you for your information.
> > > > I know the way business angel works from some websites. But this is all
> > > > theoretical stuff.
> > > > Investors in Europe and specially in Germany are very conservative. If
> > > > you came up with some new space ideas mostly you will not be taken
> > > > serious. On the other hand, what we read about new space in the USA and
> > > > the way thinks are funded, it sounds like paradise compared to Germany.
> > > > So I was wondering if it is in real as nice as it sounds.
> > > > You wrote that your business plan wasn't ready. What was the reaction
> > on
> > > > this plan? Did you get this idea funded at the end with a finished
> > plan?
> > > > We also have an idea and a close to finish business plan. Know we get
> > to
> > > > the point to think about the best moment to present the idea to get
> > > > funded. We want to get funded because running on own money slows us
> > down
> > > > and from the news it looks like that the new space business is running
> > > > fast.
> > > >
> > > > Greetings
> > > >
> > > > Neil
> > > >
> > > > Am 03.02.2014 15:09, schrieb Jonathan Goff:
> > > > > Neil, Peter,
> > > > > I've had a little experience with SAN at Altius, and am friends with
> > > > > many of their people. In 2011, Altius did a small Friends and Family
> > > > > round to raise money to do a small technical project to position
> > itself
> > > > > better for some upcoming solicitations. One of the F&F investors was
> > > > > someone we didn't actually know personally (which is somewhat
> > unusual),
> > > > > and he used SAN to do some due dilligence on us. Later, we did pitch
> > our
> > > > > business plan at two SAN events (one in Houston and one in the Bay
> > > > > Area). But really at the time our business plan wasn't anywhere near
> > > > > ready for prime-time yet. Mostly I was doing it to get some
> > experience
> > > > > in what pitching to a group of angel investors was like.
> > > > >
> > > > > A few pieces of advice if you're new to this. Angel investors come in
> > > > > all sorts of types and motivations, but typically they're buying
> > part of
> > > > > your company in the hopes to be able to sell it a few years later
> > (3-7
> > > > > depending on investor) for a large return on investment (7-10x). This
> > > > > implies a few things:
> > > > >
> > > > > 1- They're funding a for-profit entity with a clear business plan.
> > > > > 2- There's a credible way that they could be able to sell their
> > share of
> > > > > your company at a future point in time (they call this a "liquidity
> > > > > event"). In this industry this usually means your company gets
> > acquired
> > > > > by another company down the road, or by a new management team
> > bringing
> > > > cash.
> > > > >
> > > > > So for angel investment in the $250-500k, they're probably looking
> > for
> > > > > you to convince them that you can use that money to grow to a
> > $5-10M/yr
> > > > > business, or if you need subsequent rounds that you can grow it even
> > > > > bigger. So this is *not* a way to get funding to do a cool amateur
> > > > > rocketry project. This is a way to get funding if you have a serious
> > > > > space startup, with a clear business plan, clearly identified
> > customers
> > > > > that you understand well, and some sort of clear and sustainable
> > > > > competitive advantage (and a team that's credible to execute on the
> > > > > business plan).
> > > > >
> > > > > That all may be bleedingly obvious, but it was unclear from the OP
> > where
> > > > > Neil was coming from on this question.
> > > > >
> > > > > ~Jon
> > > > >
> > > > >
> > > > > On Mon, Feb 3, 2014 at 4:35 AM, Peter Weuta <pete111@xxxxxx
> > > > > <mailto:pete111@xxxxxx>> wrote:
> > > > >
> > > > > Hi Neil,
> > > > >
> > > > > this in an interesting site for small(er) start-up companies !
> > > > >
> > > > > Personally I didn't know this one before, but I did hear some
> > things
> > > > > in general about businessangels:
> > > > > - usually they expect a return of their investment of up to the
> > > > > tenfold amount ! (So investing $ 250,000 should give a return
> > of $
> > > > > 2,500,000 !)
> > > > > => Sure their risk is quite high, but I am usure if this kind of
> > > > > return would be accepted by many companies.
> > > > > => still though they usually assist with business strategy and
> > > > > market contacts as well. This for sure would be very helpfull for
> > > > > start up companies.
> > > > >
> > > > > - I did hear that - now well known and very well settled -
> > > > > companies as XCOR have been funded by them in the beginning.
> > (Well -
> > > > > taking into account the maturity of their great products and
> > > > > services I assume this has been many years ago....)
> > > > >
> > > > > *Does anybody have additional details about spaceangels or the
> > > > > assumed support of XCOR many years ago ?*
> > > > >
> > > > > Best Regards,
> > > > >
> > > > > Peter
> > > > >
> > > > >
> > > > > Am 30.01.2014 21:14, schrieb Neil Jaschinski:
> > > > >> Hello,
> > > > >>
> > > > >> I found this website
> > > > >>
> > > > >> http://www.spaceangelsnetwork.com
> > > > >>
> > > > >> for investors in the so called "new space".
> > > > >> It looks good for startups in this field. So I was wondering if
> > > > >> someone of this list already had some experience with this
> > > > >> network. It would be nice to read something about what was
> > funded
> > > > >> and how it worked.
> > > > >>
> > > > >> Greetings
> > > > >>
> > > > >> Neil
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > >
> > >
> > > --
> > > Lee S. Valentine
> > > Sherman Oaks, CA
> > > cell 412-418-0177
> >
> >
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