Angel Links for 2008-10-06

• Lessons from Prague | Business Angel Blog
  Readers of Business Angel Blog will realize that I was in Prague recently looking at companies to invest in. The trip was organized for me through the BBAA www.bbaa.org.uk as part of the EASY program.

  Many of the companies that were pitching, were based in the IT space. A point to note for other companies looking for angel investment in the IT space in the ‘West’ is that your valuations need to reflect the valuations that your competitors (for funding) elsewhere are asking for. The beauty and the problem about the IT space is that it can now be based anywhere in the world. Why should angels pay for start up costs such as salaries and rent in central London or New York when they can invest in a similar business in Central Europe or China?

  (tags: coinvestment international angel permjotvalia)