Angel Investors on average receive 22% (post money valuation) for software companies. Angels that try to screw entrepreneurs don't last for the industry is small and entrepreneurs talk. Local angels not so money hungry can offer buy out clauses maybe at 45% interest.
Reference: http://docs.google.com/gview?a=v&q=cache:Cqb1Dqz9YP4J:w4.stern.nyu.edu/glucksman/docs/Bhandarkar2009.pdf+angel+valuation+database&hl=en&gl=us&sig=AFQjCNFCXundfhDe4TMrf_-ZypDPYRDbHQ See 15 other replies
Reference: http://docs.google.com/gview?a=v&q=cache:Cqb1Dqz9YP4J:w4.stern.nyu.edu/glucksman/docs/Bhandarkar2009.pdf+angel+valuation+database&hl=en&gl=us&sig=AFQjCNFCXundfhDe4TMrf_-ZypDPYRDbHQ See 15 other replies











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