Most of my investments involve a combination of equity, advisory and/or a bridge loan for services. In addition to the 6-8 equity stakes I (and/or my PR/social media firm, SocialRadius) take per year, we provide a dozen or so bridge loans toward services. BitAngels adds to the existing mix.
Serial entrepreneur in PR, newswires and social media. After starting The Terpin Group in 1990, which launched Earthlink, Motley Fool and the AOL Greenhouse (the first Internet incubator), I started the first Internet-based press release distribution network, Internet Wire, in 1994. We raised $17 mm for Internet Wire from Sequoia Capital and Hummer Winblad, rebranded as Marketwire in 2003 and sold the company for $35 mm in 2006; Today it is owned by OMERS Capital and is the third largest press release wire in the world.
After that sale, I started SocialRadius, a hybrid social media marketing and PR services firm specializing in start-ups, international market entry, thought leadership, social network activation & viral marketing. We've averaged over 60 percent growth the past three years and have offices in LA, SF, NYC, with headquarters in Las Vegas
In May, 2013, I co-founded BitAngels, the first angel network for investments in bitcoin/digital currency companies.