Junto: Learning & Entrepreneurship

Tuesday, September 27, 2005

Early-stage Funding

While reading the book Angel Investing, I have come across some very interesting stats about getting funded by Angel Investors. After interviewing hundreds of angel investors, the top 2 criteria by which most angels invest are:

  1. Enthusiasm of Entrepreneur
  2. Trustworthiness of Entrepreneur
In addition, Alan Hall has shared with me that Grow Utah Ventures also looks at the entrepreneur/management team as their number one consideration.

To me, this is valuable information for entrepreneurs. While the business plan is important, do what you can to prepare yourself to be a successful entrepreneur. Take advantages of opportunities to learn from others. Get out and network...start making a name for yourself. Ante yourself to get involved with a similar company. Good luck!

1 Comments:

  • I am excited to hear that enthusiasm and trust are the two main criteria investors are looking for. When it all comes down to it, people invest in each other. More than the idea, the talent, the knowledge, or network, it is the individual that illicits the trust. No matter how advanced business becomes it all retains the root of integrity and hard work.

    By Blogger Shane Hansen, at 12:12 PM  

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