Learnings and tips from a founder with angel investors
Angel investors are often the first check for founders. It’s the initial boost of confidence in believing the business idea is possible and others believe in you. They are those reliable business supporters who may spend time and time again, extending their network for you to make the most out of it, sit with you to finesse your financial projections, or be a second pair of eyes for a new contract.
They are there to fund the business with as little or as much as they can. They understand the risk they are taking and they also appreciate a potential upside. Mostly they value the expertise and competency of the founders to move the business ahead.
When I founded my startup I started gathering angel investors from all sorts of places, from the UK, US, Netherlands, Kenya, and Canada. I was excited to have their support and funds to make the idea a reality. Upon reflection, I wish I had managed the relationship with the angels with more structure and expectation-setting. I now strongly believe that even when founders don’t have a structured communication method there are ways that angels can be just as proactive and engaged in connecting with their founders.
