When I started doing research on Angel Investing before my book arrived, my first thought was, “is this like Shark Tank?” While reading these chapters, I am reminded of how important it is to network. Even in the learning community for this course, you never know who you are going to meet that can completely change your life and the life of your business. I am also reminded of the book we read in an earlier class, It’s a Jungle in there, where he partnered with the build a bear to make the dinosaurs. This helped both businesses.
Networking as said above is important. These potential angel investors have more than just money, they have resources, a network, and experience to bring to the table. As an entrepreneur, you have to be willing to give up some of your company for this opportunity. As stated in the book, you need to know what you are willing to give up and what kind of deal you want to make. It can be a hard decision giving up part of your business, but you have to look at the big picture. Where will this deal take you and what will you gain? You need to think outside the box and be innovative.
Doing your research on investors is important as well. The partnership needs to make since for both parties. This opportunity is to take some of the pressure off of your shoulders, not make it worse. In order for everyone to be successful, this partnership needs to be strong. Of course there will be disagreements and stress throughout, but looking at the big picture, knowing that you need this angel investor to succeed, this relationship will hopefully be strong so everyone succeeds.
In closing, after this first reading, we see that networking, building relationships and investing is important. If you want to grow your business, but do not have the means to do so, this is the way to go. I look forward to reading more about angel investing and discussing this with you all.
Amis, D., & Stevenson, H. H. (2001). Winning angels: the seven fundamentals of early-stage investing. Financial Times Prentice Hall.