Angel Investing Matures From 'Stupid Money' And No 'Do Diligence'
|Silicon Dragon Alley|
I’ve been spending some time interviewing angel investors and entrepreneurs in New York City, hanging out in neighborhood cafes in the Flatiron district and the former meat-packing area around Hudson Street.
Brian Cohen, chairman of the New York Angels group and a lead investor in Pinterest, perhaps best exemplifies this new undercurrent of entrepreneurial energy that’s resurfaced in the Big Apple. I recently interviewed Cohen to get his thoughts on the startup scene in NYC and to hear more about his soon-to-launch book from publisher McGraw-Hill, ”What Every Angel Investor Wants You To Know: An Insider Reveals How To Get Smart Funding For Your Billion Dollar Idea.”
The title just about says it all. But Cohen has a lot more anecdotes and insights to share about how angel investing has developed from what used to be ”stupid money.” We did a Q&A at his office in a cool co-working space – a sign above the kitchen sink with dirty glasses reads “100% of all entrepreneurs who do their own dishes have successful companies.”
What follows is a few excerpts from my chat with Cohen, who’s on our digital media innovator and investor panel here March 21. Keep reading post at Forbes.