http://angelsoftblog.disqus.com/enFri, 02 Jul 2010 13:17:05 -0000http://angelsoft.net/blog/2008/10/14/john-may-to-angels-stand-up/#comment-60307974<p>Third, remember cash is king. Husband current resources, talk to co-investors about capacity to continue support, demand review of current operating assumptions.</p><p>Fourth, expand on dialog collaboration with like-minded investors who could partner in supporting current companies in the coming months – syndicating has already become common among angel groups – it may be vital in order to stretch resources. In a time of lack of trust among financial institutions, we need to work alongside fellow sophisticated angels by co-investing in existing portfolio companies.</p><p>Fifth, task angels to seek alternatives to growth and to find exits that were ignored, discounted, or unknown before who could buy the company, who could provide support in the short term, and what would happen in a worst case scenario.</p><p>Last, angels need to be honest with themselves and not ignore the reality of limited resources available to do new deals even while “protecting our own children.” I suspect in the coming six to twelve months many alluring new opportunities will have to be reviewed in light of the blight of our existing children, and if we meant what we said about being different than hit-and-run financial engineers, we should honestly address current company survival plans before leaping to the next best thing. We may be able to do both – but inward reflection and some “reality therapy” must come first before executing a revised 12-month plan.<br>I love your site and the article is useful!</p><p>which one would be the end key the red one?</p><p>You are a very paranoid man</p><p>thank you so much</p>Abercrombie fitch londonFri, 02 Jul 2010 13:17:05 -0000http://angelsoft.net/blog/2008/10/14/john-may-to-angels-stand-up/#comment-3445763<p>John,</p><p>As a intrepid but struggling entrepreneur, I read your article with great interest. Resources may be limited right now but opportunity sometimes only knocks once (or twice). Thanks for the encouragement. </p>Robert HanleySun, 02 Nov 2008 14:38:22 -0000http://angelsoft.net/blog/2008/10/14/john-may-to-angels-stand-up/#comment-3238546<p>John, thanks for these great tips and reminders. Keep up the good work!</p><p>Jeff<br><a href="http://entrepreneur.northstarthinktank.com" rel="nofollow noopener" target="_blank" title="http://entrepreneur.northstarthinktank.com">http://entrepreneur.northst...</a></p>Jeff ChavezWed, 22 Oct 2008 17:36:51 -0000