Startup Funding Espresso -- What Is the Mission of the Group?
What Is the Mission of the Group? Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In starting an angel group at a university, the key mission of the group is not to make money. Supporting the university by providing students with a quality academic experience and job placement is the primary goal. Alumni who join the angel group will see that mission as primary while making money as secondary. Angel groups with a strong \u201cWhy?\u201d will last longer and see less turnover in members. Those groups who only want to make money will have higher turnover. They will run the usual course of find a few deals, deploy the available funds, and then wait for the result. In startup funding, the waiting for the result takes several years.\xa0 Most members of those groups will drop out.\xa0 It\u2019s important to build the \u201cWhy?\u201d into your angel group and make clear through your time and priorities what is important. Choose a \u201cWhy?\u201d that is compelling to your members. For university angel networks, it\u2019s the student experience that counts. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group\xa0\xa0 Please , share, and leave a review. Music courtesy of .