Table of Contents The (Not So) Puzzling Behavior of Angel Investors!!!!!!!!!!!!!!!!!!!....2-50 Best Practice Guidance for Angel Groups " Deal Structure and Negotiation!!!!!!!!..!..51-63 TechStars Model Seed Funding Documents!!!!!!!!!!!!!!!!!!!!!!...64-65 Convertible Debt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.66-72 Raising Angel Money!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.73-77 The Importance of Angel Investing in Financing the Growth of Entrepreneurial Ventures!!!!78-127 Reading 1 !"#$%!&'($)*+ ,-./,./--0+123425,+(&+ + !"#$%&'($)'*$+,--./01$2#"34/'5$'6$ 701#.$804#9('59$ !"#$"%&'(&)*#"+$,!& + !6++ + !78#9:;<8!97 6666666666666666666666666666666666666666666666666666666666666666666,5-= !!6+++ 8%*+>*78;#*+<$(!8$?+!7>*@8&*78+&9:*? 66666666666666666666,5,- !!!6++8%*+$7)*?+!7>*@8&*78+&9:*?2+$+:*($#8;#*++ A#9&+A!7$7<!$?+<978#$<8!7)+8%*9#BC 6666666666666666666666666,5,= -(&& .+/&0//1&23#&-%4/56((((((((((((((((((((((((((((((((((((((((((((((((,5,= 7(&& 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