Events: Week Of October 24

Monday, October 24
7:30 PM Trio Con Brio Copenhagen
Advent Lutheran Church, 2504 Broadway (at 93rd St)
1/2/3 to 96th St

Tuesday, October 25
6:00 PM - 8:30 PM InsideTrack with President Stephen J Friedman: “Creative Destruction”— Innovation in America and China.
Michael Schimmel Center for the Arts, Pace University, 3 Spruce Street
There will be a simulcast of the event at 7:00 p.m. in the Gottesman Room on the Pleasantville campus. Pizza will be served.
4/5/6 Brooklyn Bridge/City Hall

9:00 PM - 11:00 PM Baratunde Thurston: Stand-Up Comedy
Bar 82, 136 2nd Ave (at St. Marks) 4/6 to Astor Pl Baratunde Is Funny

Wednesday, October 26
6:00 PM - 10:00 PM ERA Halloween Party at Webster Hall
Webster Hall, 125 E 11th St, Marlin Room
4/5/6 Astor Pl


Untitled from ER Accelerator on Vimeo.

Thursday, October 27
6:30 PM - 9:30 PM Digital Dumbo
155 Water Street, Brooklyn
F to York St

Friday, October 28
4:00 PM - 10:00 PM Halloween is Happening
Trinity Churchyard, Broadway at Wall Street
In the event of rain, Family Fun and the Haunted Hamilton Happy Hour will be held on the 2nd Floor of 74 Trinity Place, accessible via the pedestrian bridge behind Trinity Church.

"Insuring" Angel Investors

Image via WikipediaThe idea behind insurance is that you pay for auto insurance, I pay for auto insurance, and so do a million other people. Not a million get into accidents. When a few do, it is paid for by all collectively.

Angel investors get screwed by established venture capitalists routinely. In the later rounds the VCs hog the negotiations in ways that people who believed in you early end up getting the short shift. You end up not making money even when the startup does well.

And then there is the no small matter of losing your money entirely because the startup you invested in went down.

It is a numbers game. Startups are known to go down. The best VCs expect at least one third of their startups to go down. And at the outset they have no idea which one third.