Tue, 2 November 2021
Consider Service Providers
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In setting up an angel network, it’s important to have support from services providers such as lawyers, accountants, and financial advisors.
Startups will need legal, accounting, and financial support.
Review your community for current service providers who are already helping the startups.
Assess the skills of the providers to see if they are a fit for early-stage companies.
Some providers only work with more mature companies, but the angel network will be dealing with very early ones.
Discuss with local entrepreneur groups and professional organizations about their experience with the providers.
Identify the ones who provide the best experience for their clients.
Reach out and develop a relationship with them as potential speakers, sponsors, or even members.
For those services missing from the community, reach out online to other organizations that can provide the support virtually.
If the demand is big enough, providers will move to the area to support the community.
This often occurs in entrepreneur hubs that are growing fast.
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