Startup Boards — Know Your Why
For startup investing, it’s important to know why you are investing beyond the monetary gain.
There’s an old saying among angel investors:
“Angel investors want to make a little money, do a little good, and have a little fun.”
Successful investors, I know, not only want to make a little money and have some fun, but they also want to do a little good.
Their “Why” goes beyond making money.
Some examples include supporting the local entrepreneur ecosystem, furthering a technology that can solve problems that benefit the general public, helping build new companies, and creating jobs.
Support new entrants to the startup world, such as those in the diversity category.
I’ve worked with many angel networks and have found those who have a clear “Why” have much lower turnover rates and a greater engagement by the members.
In startup investing, it’s important to know your “Why.”
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.
Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
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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.