Cliff Hinrichs of Steele VC
In this episode, Hall interviews Cliff Hinrichs of Steele VC. Cliff talks about what Steele ventures invests in, and provides some examples of high quality investments such as MyRepublic and AgFunder.
Cliff and Hall discuss what angels starting out should look for, including:
-Revenue growth of 100% YOY
-Capital efficient business models
-Some differentiation and not so much competition
Cliff talks about some of the biggest mistakes he’s seen investors make, including falling in love with the idea without understanding the risks involved. He also highlights the imprtance of due diligence-and finding founders who are resourceful, resilient, confident, and communicative.
You can find Steele VC at https://www.steele.vc/.
Cliff can be reached on LinkedIN at https://www.linkedin.com/in/chinrichs/
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Disclaimer: Hall T. Martin is the Director of Investor Connect which is 501c3 non-profit 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 as a basis for investment decisions. http://www.investorconnect.org/contact.