As David Rose eloquently stated, «
unless a
funding round is being done with completely, legitimately no solicitation at all (ie, no
angel - focused web sites, no
angel groups, demo days, etc. etc.)... every counsel will be advising clients to go the Title II route.»
How
Angels Think — OK, let me start by saying that I rarely do
angel investing since I mostly think it's a sucker's bet
unless you have very deep pockets or
unless you're in a tech bull market -LRB-» 97 — 00,» 05 -» 08) where exits can happen without a lot of follow - on rounds of
funding.