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What do Angel Investors Want You to Know?

2/26/2013

43 Comments

 
Yesterday, Brian Cohen spoke at the Princeton Tech Meetup #11, providing some insider tips on what Angel Investors want Entrepreneurs to know. We'll be sharing some of the insights we gleaned later in this blog post. First, we want to help Brian promote the book that he co-authored which is debuting in April. For a short time, the book will be available for half price on Amazon to pre-order. To get it at the discounted price now, click on our affiliate link below:
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea


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What did we learn from Brian? 
While Angel Investors provide 90% of the seed money that helps startups get off the ground, they are looking for a BIG payoff (if you look at the slide at the left, it does NOT mean that Brian left the room and came back 30 times). In fact, Brian cited that only about 1 in 40 companies that go to Angels get an investment (as compared to 1 in 400 who present to VCs). The next question is:  what will make YOU appeal to an Angel? 

If you really want  all the answers from an Angel Investor's perspective, you have to buy Brian's book:
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea
For a teaser of what's in the book, here are some of the notes we took from Brian's presentation:
  • You are in control. Be confident, and ask for what you want.
  • Get a good lawyer. Especially when your friends and family are investing in your early-stage company. You want to give them good terms so they don't get screwed later.
  • Know your business inside and out. (For example, would you invest in an air filter company that didn't know what HEPA means? For those of us who didn't know, HEPA means High-Efficiency Particulate Air.)

If you are getting ready to launch your company, you'll also want to check out the new company created by Brian and Trace Cohen, Launch.it. It's a free newsroom for you to publish your story. 

And if you're not ready to launch yet but you need funding from an Angel Investor, then let us remind you that there's always more advice you can get from Brian's book!
What Every Angel Investor Wants You to Know: An Insider Reveals How to Get Smart Funding for Your Billion Dollar Idea


What else did you learn from Brian's presentation?
43 Comments

Are you an entrepreneur in NJ?

8/22/2012

44 Comments

 
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Calling All Entrepreneurs

If you are on the startup roller coaster then you have experienced exhilarating highs and devastating lows, sometimes on the same day.  Join with other young companies who are facing the same challenges you are, network with other founders and startup employees for support, advice, and to try some cool new products and services.  Join the Startup America Partnership today - http://ar.gy/inkwhy.

Startup America recognizes that young companies are the drivers of our economy and wants to provide valuable resources to build and strengthen regional startup ecosystems.  The Startup America Partnership was launched from the White House on Jan 31, 2011 with AOL co-founder Steve Case as chairman and with the Kauffman Foundation as a founding sponsor.  By joining the Startup America Partnership, you will have access to the following:
  • Free and discounted resources to help you grow your business, such as free software for accounting and planning that can lower your costs for advertising and marketing
  • A network of over 8,000 startup founders just like you from across the country
  • Local and national connections through regional ecosystems run by entrepreneurs for entrepreneurs
  • Connections to startup experts through virtual learning sessions, a resource library, and live events
  • Publicity for your startup through contests, blog posts, and social media
The Startup America Partnership works on a regional basis with local entrepreneurs to help them strengthen their local entrepreneurial community.  We need your help to get Startup NJ going.  This is a community-driven initiative led by entrepreneurs, and we want to collect some information about what you feel our region needs to help you become more successful, so please take 10 minutes and complete our survey: 

                   http://startupnj.questionpro.com


We welcome all regional entrepreneurs to join the Startup NJ Leadership Team.  If interested, send an email to [email protected] and be sure to register to join Startup America at http://ar.gy/inkwhy.

We look forward to working with you to make NJ the best place to grow and establish new businesses.

Sincerely,

Your Startup NJ Leadership Team
44 Comments

What resources are available to startups, rampups and speedups?

1/24/2012

50 Comments

 
Inkwhy is a company that would be classified as a "startup" according to the Startup America Partnership FAQs, which further clarifies the definition of startups, rampups and speedups:
  • Startup: At least two people have created a business entity with the ambition to build a scalable company.
  • Rampup: A team of five or more people that has secured at least two customers and has a clear focus on customer growth.
  • Speedup: A company that employs at least 25 people and has established a revenue run-rate of $10MM or more.
You can access a plethora of resources through the Startup America Partnership, and apply for a free "Growth Kit" through our link: http://ar.gy/inkwhy. See below for more information about what the "Growth Kit" entails and our participation in the Startup America Partnership Master Challenge.
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The Startup America Partnership Master Challenge contest goal is to recruit 100,000 of the best young companies by 3/31/12. All you need to do is sign your startup up with the Startup America Partnership – a non-profit organization created simply to help you grow!

The details:

Startup America is helping startups across the country grow by:
  1. Providing valuable, FREE resources, connections, and unique marketing opportunities
  2. Supporting regional startup ecosystems throughout the country
  3. Recognizing startups as the drivers of our economy and their founders as American heroes

One of the main benefits of becoming a Startup America Firm is your free online “Growth Kit” – a virtual dashboard full of free and discounted offers including: products and services, an online startup community, original learning series, and unique marketing opportunities.

Included in your “Growth Kit” is access to over 50 Partner Offers designed to help you grow your business. These offers are provided by companies like American Express, Dell, Intuit and Microsoft, with more being added weekly.

We are thrilled to be a part of such a game-changing effort and pleased to share it with our Inkwhy blog readers. The application for a "Growth Kit" takes less than ten minutes to sign up. Click here to apply.
50 Comments

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