Tue, 23 November 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In running a university angel network, the attrition rate is often lower than for non-university angel networks.
The university group has a great answer for “Why invest in startups?”.
Many members join to support the university.
The group’s primary purpose is to provide the student an educational experience and help prepare them for their first job after graduation.
An effective tool for retaining members is to have the graduating students send a “Thank You” note to the investors they worked with.
Another tool is bringing the students who have graduated from the program back to the university angel meetings to update the investors on their job placement and career progress.
Showing the investors the results of their work in this way inspires the angels’ continued service to the investor group and the students.
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