Thu, 11 August 2022
Startup Boards -- Investing in Startups Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There’s an old angel saying, “Angels like to have a little fun, do a little good, and make a little money.” Investing is more than just about money. I’ve found my successful investments covered all three of the elements of the old angel saying. It was fun. The people were great to work with. It had an element of making the world a better place, albeit on a small scale. Finally, it provided a positive return on investment so I could continue funding startups. Have a little fun Pursue deals you like. If you don’t like the deal, then nothing else will matter. Ask yourself, “Do I want to work with these people?” “Do I value the work they are doing?” If you can answer “yes” to these questions, then you are well on the path to finding a deal that lets you ‘have a little fun.’ Do a little good Once you have a deal you like, then ask, “Does the company align with my interests?” Invest in startups that further that in which you believe. You may want to support your local entrepreneur ecosystem or a technology that can solve problems that benefit the general public. Make a little money Get agreement on the terms of the investment with a defined exit. If you can help the company, then consider setting up an advisory position with them. One of the biggest sources of burnout is uncompensated work. There’s an almost unlimited amount of work that needs to be done, and the startup will load you up. Remember, successful investments let you make some money, have some fun, and do some good. For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound. |