ExtraVallis Expert Interview: Ecosystem Building with Peter Adams of Rockies Venture Fund

A lot of people here watch Shark Tank, and they think this is so easy, we just get this pitch to happen and we'll be sharks, ask a bunch of questions and we'll write checks and it just doesn't happen that way. Angels by their very nature are kind of afraid, they don't know how to value companies. In general, more and more of them do but on their own, they have difficulty with it. And they often ask the exact wrong questions when they're evaluating companies. And so, if they just sort of look at the standards of how their own businesses have worked, they're not understanding how value is created in venture.