Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
I receive many a startup that tells me they’ve talked to everyone in their area to raise funding but they haven’t found all the funding they need. What can they do?
When I started angel networks in the 2000s, they were mostly generalists that invested in local deals.
Today, they are mostly specialists looking for specific criteria and they rarely find those deals in their backyard.
As investors scan nationwide for deals, so startups must start looking there as well.
If you’re in a major startup hub such as the Bay Area or New York City, then you most likely can raise most if not all of your funding in your resident city.
If you’re not, then you need to take a country-wide perspective on your fundraise from day one.
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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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.