What an exciting section. No jokes, there are so many choices. Each angel was different; hence each their own. I guess when it comes to structuring, we all like it in different ways. Is there a right way or wrong? I think that depends on who you are asking. I appreciated the menu comparison when starting the section. It laid out the process to help me better understand, and I am always down for comparing anything to food. I want to skip back to the small section right before the menu analogy.
Is the structure irrelevant? Say, what? Yes, if you have read my other post, you will notice a trend of me picking the most off-beat paragraph, but it was something that stuck with me the entire section. Do we have the choice in the structure? Are we subject to work with what is in front of us and slightly tweak it to feel like we have some say in how things are done? Now don’t get me wrong, I think the entire process and understanding it is vital, but also there are times we have to roll with what is given to us.
Say I am an investor; I like the vision, numbers, product/service, and the entrepreneur. Am I going to allow the opportunity to slip by if I am not 100% down with the structure? Probably not. Now, again, I know this does not apply to all deals. I know that there are some significant kick butt people out there who get things exactly the way they want, but I think the power of negotiation on both parties is beneficial.
(2011). Angel Investors’ and Entrepreneurs’ Intentions to Exit Their Ventures: A Conflict Perspective. Entrepreneurship Theory and Practice, 36(4),.