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#2Re: undefined
#3In my opinion and experience as an angel investor, there are typically three things missing from most tech startup investment opportunities I see. The founders usually lack:
1. Domain experience and expertise (5 years minimum)
2. Business knowledge and experience (understanding financials, prior team leadership, etc.)
3. Marketing and sales experience (how to build relationships, partnerships, work to find initial customers and make them happy, etc.)
The most successful startups are founded by people in their 30’s and 40’s. It’s because these folks have the necessary experience and expertise to run a business.
https://www.statista.com/statistics/1220545/founder-age-star...
And yes, it is important to actually sell a product and make a profit. Cash flow keeps a business alive, not VC money. Most small businesses will exit through acquisition, and the value of the business will be directly tied to revenue, gross profit and net profit.
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#4Early stage investing does indeed need to be done by specialists: small business experts/entrepreneurs with prior M&A experience/exits. These are the angels, and they want to help. In my opinion and experience as an angel investor, there are typically three things missing from most tech startup investment opportunities I see. The founders usually lack: 1. Domain experience and expertise (5 years minimum) 2. Business…