2min read Can you Support the Team?
As an investor, you will see many deals coming through the angel networks and increasingly across the funding portals. I dropped the “crowd” out of the name as it’s fast becoming the standard for entrepreneurs to showcase their deals on crowdfunding portals — so much so, that pretty soon, it’ll be the default.
After deciding the team has something and they are in the right market, the next question to ask is, “Can I support the team — at least a little bit.” I’ve learned that passive investing is really not that interesting. It would be easier to invest in an index fund if that’s all that I’m going to do. If investing in a startup, then I want some role in the business.
Ask Yourself:
1. Can I help with the product?
2. Can I help build the team?
3. Can I help make sales?
4. Can I help with the business process/
5. Can I help with the marketing?
6. Can I help with lead generation?
7. Can I help with recruiting?
8. Can I help with the operations?
9. Can I help with the logistics/office?
If going through the entire list and can’t find any way to help, then take a pass on it.
Angel investing should be active investing — at least a little bit.
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Hall T. Martin is the founder and CEO of the TEN Capital Network. TEN Capital has been connecting startups with investors for over ten years. You can connect with Hall about fundraising, business growth, and emerging technologies via LinkedIn or email: hallmartin@tencapital.group
