Source Link on Vator TV: Interview with Thomas Korte
Here are some highlights from the interview with Thomas Korte:
- Thomas talks about why AngelPad started and why it’s different from other early-stage investor funds or incubators, such as Y Combinator, TechStars and Founders Institute.
- “The idea that everyone can do it themselves is like saying we don’t need universities,” Thomas said, explaining that incubators are helpful in providing needed advice and guidance, beyond financial support. There’s not as many incubators as there are firms that just provide the capital, he added.
- AngelPad invests around $25,000 in startups and take somewhere around a 5% ownerhips in the startup. For that ownership stake, the partners also provide mentorship and office space in San Francisco.
- AngelPad is primarily interested in “Web technologies in the broadest sense,” said Thomas. “Anything Facebook, Google, Microsoft could launch is something we could look at.”