Retaining Members

Retaining Members

November 23, 2021 by investor

Retaining Members

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 with 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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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.