Mon, 16 May 2022
Know Your Why
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In funding startups, it’s important to know your why.
This goes beyond making money, saving for retirement, and financial goals.
What is your mission or cause that you are passionate about?
Start with your passion and what drives you.
Consider what impact your investment will have on the community, the technology sector, or in general.
You could focus on your local startup ecosystem.
By investing locally you can build it up through your time and funds.
You could focus on a technology sector you believe will further its progress, or you could focus on social impact in which case you find a specific cause that benefits the larger community you want to support.
Whatever it is, consider focusing on that cause and make it a part of your investment thesis.
A focused effort will bring a greater result.
Those with a Why will find the work of finding startups, diligencing them, and investing to be a much more rewarding experience.
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Music courtesy of Bensound.