What Is the Mission of the Group?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In starting an angel group at a university, the key mission of the group is not to make money.

Supporting the university by providing students with a quality academic experience and job placement is the primary goal.

Alumni who join the angel group will see that mission as primary while making money as secondary.

Angel groups with a strong “Why?” will last longer and see less turnover in members.

Those groups who only want to make money will have higher turnover.

They will run the usual course of find a few deals, deploy the available funds, and then wait for the result.

In startup funding, the waiting for the result takes several years. 

Most members of those groups will drop out. 

It’s important to build the “Why?” into your angel group and make clear through your time and priorities what is important.

Choose a “Why?” that is compelling to your members.

For university angel networks, it’s the student experience that counts.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
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On this episode of Investor Connect, Hall welcomes Nick Spiller, Podcast Host and Fundraising Coach at Beta Business.

Beta Business is “The essential podcast for first-time entrepreneurs”. Through multiple episodes per week as well as in-person events, Beta Business helps entrepreneurs gain practical tactics and meaningful connections for starting their company. 

Nick moved to Texas in 2009 to attend UT Austin. As an undergraduate, Nick founded the Longhorn Entrepreneurship Agency (LEA) in Student Government. As an alumni today, Nick stays involved in UT’s Director of Deal Flow for Genesis which is an on-campus fund for entrepreneurs. 

After graduation, Nick worked as a Market Launcher for Favor Delivery. He also created the Investor Relations program at Capital Factory where he worked up until the end of 2020. 

Nick discusses the state of investing in startups, and the biggest change he expects to see in the next 1-2 years. He speaks about his investment thesis and mentions some good opportunities for investors to pursue.

You can listen to Nick’s podcast at https://www.betayourbusiness.com/.  

Nick can be contacted via email at nick@fundingcamps.com, via LinkedIn at www.linkedin.com/in/nickspiller/ and www.linkedin.com/company/betabusiness/, and via Twitter at https://twitter.com/Nick_Spiller. 

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.