The cofounders of an internet startup were pitching me for angel money recently. Typical story…about a year old, burned through their first $3 million dollars. No revenue, out of cash, and looking for $3 million more. I noticed they had several competitors, many which seemed to be generating more...

If you buy a book about how to raise venture capital or angel investor money, the traditional advice is that you have to send in your business plan and hope it miraculously gets noticed in the slush pile, or have your banker, accountant and lawyer try to get your...