Monday, March 4, 2013

Angel Investing: No More 'Stupid Money'

Angel Investing Matures From 'Stupid Money' And No 'Do Diligence'

Silicon Dragon Alley
After reporting from the startup hubs of Asia’s emerging markets for more than a decade, it’s refreshing to see innovation clusters forming closer to home.
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.