Investing in Ed Tech

Angela Lee

Founder, 37 Angels

Assoc. Dean & Chief Innovation Officer, Columbia Bus. School

What we’ll cover today

Sourcing great deal flow

Vetting early stage startups

2

Get referrals

Funding

Sources

Accelerators Corporations

Startups

Service

ProvidersGovernment

Universities

3

Unreffered deal flow

4

Know what is out there

angel.co/k-12-education

5

Who is funding ed tech?

6

AngelsInvestor’s Circle

Pipeline Fellowship

Learn Capital

New Schools Ventures

Imagine K12

Rethink Education

Fresco Capital

500 Startups

Kapor Capital

Ed VCs

VCs

What we’ll cover today

Sourcing great deal flow

Vetting early stage startups

7

What do you look for in diligence?

Progress Price

People Problem

8

Testing your MVP

9

*Landerapp.com and Launchrock.com have templates for creating landing pages

Testing your MVP

10

Letter of Intent

This year, we will conduct an

unpaid pilot with startup ABC.

When features x, y, and z are built,

we will pay $x per employee, or $y

a month to use their tool / platform.

What do you look for in diligence?

Progress Price

People Problem

11

Got data?

“Angel List Valuations”

12

13

angel.co/valuations

Resources

• 10 Pitch Slides (Slideshare AngelaWLee)• Edsurge.com/e

• Lean Startup by Eric Reis• Traction by Gabriel Weinberg

37angels.com/resources