DROdio http://danielodio.com A Sanctuary for Founders and Entrepreneurs en-us Thu, 24 Apr 2014 00:48:08 +0000 http://sett.com Sett RSS Generator What We're Looking For When Angel Investing http://danielodio.com/what-were-looking-for-when-angel-investing My wife and I have recently started doing some angel investing (you can see what startups we've invested in on my AngelList profile). If I sent you to this blog post, it's probably because you thought we might be interested in investing in your startup.

Here's a guide on what we're looking for:

As I wrote in this blog post, we consider angel investing to be just about the riskiest thing one can do with one's capital. So we are very, very careful about how we deploy our cash to invest in startups.

For us to justify an investment in a startup, we have to believe that our cash has a greater potential return (and of not being lost completely) than any other alternative -- and since we're very bullish on ETFs for equity growth, and LendingClub for putting cash to work to get monthly distributions, that's a pretty high bar for us, because the reality is that most startup bets will fail.

Some angel investors mitigate this risk by investing in a large number of startups, and this is an approach we've discussed, and may pursue at one point. If & when we do this, we'll be much more likely to be more aggressive with angel investments.

But for now, the main thing we need to see is a lot of traction, a team that knows how to create, and quickly, and a huge addressable market. Here's how our two public investments to date met those criteria:

  • AngelList is the marketplace for angel investing, and the macro trend is that crowdfunding will become more public and more accessible to ordinary Americans. No company is as well positioned as AngelList to capitalize on that trend, and we think it's going to be huge.
  • AltSchool is reimagining how K-8 children learn in a really smart way. The parents I talk to that are familiar with AltSchool are very passionate about their model. It's an incredible team with very strong traction and a trillion dollar market, and they raised a $33MM round from some of the best VCs in the industry, including FoundersFund and Andreessen Horowitz shortly after we invested.

If you think you have a startup of similar caliber, we'd love to hear about it.

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Mon, 21 Apr 2014 01:58:28 +0000 http://danielodio.com/what-were-looking-for-when-angel-investing
Convertible Notes -- Discussing the Valuation Cap numbers http://danielodio.com/community/convertible-notes-discussing-the-valuation-cap-numbers Awhile back, I turned Martin's awesome spreadsheet on convertible note valuation cap numbers into a Google doc, and I've since gotten a lot of "edit" access requests for it from entrepreneurs.

It takes just a little bit of work for me to duplicate the spreadsheet as a private one for you so you can edit it (w/o messing up the original).  I'm happy to do that work, but in exchange I'd like to ask you to do the following:

1) Please submit your request for edit access as a comment to this post (you can register with an anonymous name if you don't want the world to know you're looking at this stuff).

2) Please share your questions, thoughts & learnings about convertible notes below in the comments, so other entrepreneurs can benefit from the discussion as well.  

Here's why this type of thing is important to me: http://go.DanielOdio.com/knowledge-sharing

And if you're looking into convertible notes, you might also like this post on optimizing an AngelList profile: http://go.DanielOdio.com/AngelList .  I've got a bunch of other relevant posts as well; just drop me a note in the comments and tell me what you're looking for.  One example:  How to get lots of press for your startup:http://go.DanielOdio.com/press  

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Wed, 07 Nov 2012 23:01:23 +0000 http://danielodio.com/community/convertible-notes-discussing-the-valuation-cap-numbers
Cheating with Macro Photos http://danielodio.com/community/cheating-with-macro-photos

My wife loves to take macro photos.  But the macro lens we would get is $679.  So we tried to cheat by getting a $9 Macro Extension Tube Set.  But it turns out you can't cheat your way to great photos.

There were several problems.  The main one was that the lens that comes with the GX1 is a power lens, but the tubes don't allow for any power to flow to the camera.  This means that the camera thinks there's no lens, but more importantly, you can't focus the lens, so it only works at a fixed point.

I could live with that, if it took great macro pics at that point.  But it doesn't.  The pictures are blurry.  Here's the best shot I could get with the tube:

If anyone has any idea on how to get great macro pictures with a Four Thirds lens that doesn't cost over $600, I'd love to hear about it.

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Tue, 30 Oct 2012 16:48:37 +0000 http://danielodio.com/community/cheating-with-macro-photos
Zoho CRM http://danielodio.com/community/133699 Hey guys,

I've recently started using a crm, and I picked Zoho because its free for 1-3 people.

I'm pretty much brand new to using any CRM so I'm a little confused as if its worth all the effort to spend my time doing data entry. Especially since I'm sending about 20 cold emails a day to prospects.

So my question is, should I type in the emails of all those prospects as leads?

Is the mail merge functionality smooth?

My best guess is that I type in the 20 prospective cold email leads and filter under "today's leads", send them an email, then use a task to follow up with that group.

My concern is that its a lot of time spent on data entry. Thoughts?

Thanks in advance

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Thu, 20 Mar 2014 01:58:58 +0000 http://danielodio.com/community/133699
McIntire Visits ShareThis http://danielodio.com/community/mcintire-visits-sharethis A group of U.VA. McIntire students came to visit some Silicon Valley startups during their Spring Break. I'm a COMM '98 McIntire alum, and I had the opportunity to host them at ShareThis. We had a fun, wide-ranging discussion around social, advertising, entrepreneurism and more. Here's the video:

U.Va. McIntire Visit to ShareThis 2014

Here's the Hackpad notes that resulted from our meeting:

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Mon, 17 Mar 2014 16:25:12 +0000 http://danielodio.com/community/mcintire-visits-sharethis
SETT Bugs! by Tynan http://danielodio.com/sett-bugs Note from Tynan:

Hey guys, if you find a bug in SETT, reply to this with the info. You can embed screenshots if necessary or paste error messages. If you've experienced a bug that someone else has already reported, you can vote it up so that we know it's more important.

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Fri, 12 Oct 2012 16:02:44 +0000 http://danielodio.com/sett-bugs
Hey there http://danielodio.com/community/105977 We met at the mobile media summit last year. We're thinking about moving to the space at 450 Townsend!

Take Care,


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Tue, 21 Jan 2014 19:50:34 +0000 http://danielodio.com/community/105977
Guest Post http://danielodio.com/community/103689 Hello,

My name is Dewayne Jasper, and I am really interested for guest
post in your blog, I am a writer and wrote for motorcycle related
stuff, if you can assist me in any way so kindly let me know.

My Email address is dewayne.jasper@gmail.com

Hope for good and waiting for your kind response.

Dewayne Jasper

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Fri, 10 Jan 2014 19:25:45 +0000 http://danielodio.com/community/103689
Outroop update http://danielodio.com/community/54779 Hi Daniel,

How are you? I hope you are doing well. I am the CEO of Outroop, which is my new venture, created to help consumers and businesses find independent local service providers more easily. Outroop also promotes a competitive pricing environment to help the consumer.

Outroop gives consumers and businesses the ability to control everyday work and repairs from the comfort of their own home or office. It makes it easy for consumers and businesses to have independent local service providers bid on work to get the best price and quality. Outroop’s mission is to help people have the ability to get more work and get the work done.

Our Story

• Outroop is a marketplace for people find qualified independent local service providers while saving time and money to get work done
• Growing virally nationwide
• Registered Local Service Providers to date: 3,824
• Projects posted to date: Over 200
• States Jobs Have Been received in New York, Maryland, California, New Mexico, Virginia, Pennsylvania, Illinois, Washington, Massachusetts, Florida, Texas, Tennessee, Wisconsin, Arizona
• Metropolitan Areas Where Registered Consumers and Service Providers Reside New York City, Los Angeles, Chicago, Dallas, Houston, Philadelphia, Washington D.C., Miami, Atlanta, Boston

Do you know an investor who might be interested in our space (B2C or B2B)? I also welcome constructive good feedback from others as well.

Best regards,

Ilbay Ozbay
Outroop Inc.
1616 Anderson Road, Tysons Corner, VA 22102
Tel: 703-475-1580

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Mon, 20 May 2013 21:56:04 +0000 http://danielodio.com/community/54779
Is there a solution to Uber's Surge Pricing PR hurdles? http://danielodio.com/community/91940 Via Quartz (one of my favorite new reads!):

If you knew you were going out on a certain holiday night, you could bid for a future Uber ride—a FUber, if you will—based on a given hypothetical distance and surge factor, to guarantee yourself a spot in a car that evening.

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Tue, 31 Dec 2013 18:22:47 +0000 http://danielodio.com/community/91940