1 min read Open Angel Group Model — The Benefits
Previously posted in the Austin Business Journal was an article about the rise of the open angel group model. In a past Texas Entrepreneur Network Funding Forum I saw the benefits of such a model in action. From the event, five of the presenters received interest and three are in discussions to receive funding. The event brought over fifty people into the room –some were investors who expressed interest in the deals but most were entrepreneurs watching the pitches and listening to the panelist’s questions. This provides mentorship to those who are considering raising funding. In talking with several entrepreneurs afterward some expressed interest in joining the next round (Sept 2011) while others talked about the work they need to do in advance of pitching.
To be successful in the Funding Forum you need to have a:
– the solid product with some differentiation
–clear and focused target market
–competent management team
–some proof that the product will sell
Also, investors interested in pursuing startup investing find the Funding Forum educational as one learns the most from listening to the questions the other investors ask.
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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
