Areas of Expertise
I managed portfolios for investors for 20 years, was an active angel, member of multiple angel groups, now helping entrepreneurs reach and communicate properly to investors to assure they have the benefit of more engagement; easier funding rounds, better valuation. For angel investors we help them take a more professional approach to investing, including full use of the tax code to reduce risk
Tax Laws pertaining to Angel Investing
2 under utilized areas of the tax code that lower the after-tax risk and can boost the after-tax returns of angel investing (only available to individuals). Proper awareness and utilization will lower the risk of investing in start ups, and potentially allow for exclusion of 50% of gains of successful liquidity events.
Still keep 1 foot in the financial markets. I left managing money because of my concern for the public markets future return potential. I believe, and have ample research to support the belief, that the early stage/start up investment asset class will be the best performing asset class over the next 10-20 years.
- Health Sectors
- Medical Devices, Digital Health, Biotech, Health IT, Healthcare Delivery, Pharmaceuticals, Diagnostics, Payers
AngelSpan, Inc. | December 2013 - Current
The greatest asset on the balance sheet for any startup is goodwill. AngelSpan, Inc. provides bespoke investor relations services for start-ups to maximize the value and return on that asset. With our IR Platform and services entrepreneurs can maintain a proper communication cadence, thus enabling greater connections and enhancing the return on the goodwill with their stakeholders and investors.
Angel Legacy, LLC | April 2000 - September 2003
Angel Legacy was a web based database and tool kit to address the funding gap associated with early-stage companies. Our approach addressed both the 'left brain/due diligence' issues with the 'right brain/affinities' associated with active angel investing. In addition, we incorporated various tools to facilitate the functions of the entrepreneurs, angels, and the various advisers to both parties, including portfolio tracking, tax optimization and investor relations. Patent on matching angel investors with entrepreneurs; WO 2002077755 A3 February, 2003
Legacy Capital Management | August 1993 - May 2013
Fee-based money manager for HNW investors spun out of The Bank in Lichtenstein. We delivered first or second quadrant investment results and boutique service in our 'multi-family office' setting. Managed Legacy from original purchase, taking from from $35 million to $200 million in assets under management. Joined board of directors of public company (Sonoma West Holdings) to evaluate shareholder offer for company's acquisition. Valuation of sizable venture investment on balance sheet (MetroPCS) was within 5% of eventual IPO price.
Assistant Portfolio Manager/Analyst
G.T. Investment Counsel | February 1990 - August 1993
As boutique division of The Bank in Liechtenstein, we provided high-touch service to HNW individuals. My direct report was to the lead principal of the firm, assisting him in all aspects of our service, including; security research and valuation, trading, business development, and client service. I automated the new account opening and trading process, writing custom programs to streamline the trade allocation to multiple accounts and custodians. Upon his passing, I assumed responsibility for over 65% of our assets under management.
E.F. Hutton | March 1985 - February 1990
Joined as a retail stock broker, working with a former finance professor from college.
California State University-Chico
Business | Finance | 1980 - 1984