Mark and Elaine join me today to share the steps that entrepreneurs should take before approaching an angel investor. They explain how partnering with an investor will affect an early-stage startup in terms of ownership and control and share their views on the Shark Tank TV show. Mark stresses the importance of finding useful resources and tools and Elaine reveals the questions that entrepreneurs should ask themselves before attending a pitch event as well as highlights some of the red flags that angel investors are watching for.
There is a reason that people making investments are called angels. They’re really looking to work with entrepreneurs and help them, in addition to trying to make a good investment and return on investment.Mark Friedman
This week on the Supportedly Podcast:
- The steps that entrepreneurs should make before they go to a fund, network, or angel group.
- Three fundamental questions to ask before you seek funding.
- The implications that tying up with an investor can have on your business.
- The tools, programs, and resources available to entrepreneurs.
- How Shark Tank influences entrepreneurs and investors.
- The pros and cons of the Shark Tank TV show.
- The factors Elaine considers when entrepreneurs approach her.
- The traits and red flags that investors are watching out for.
- Two things that early-stage companies should be prepared for, before pitching to an investor.
Knowledge is very important and having clear goals and shared expectations is really critical.Elaine Bolle
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I utilize my background and expertise in project leadership to find creative operational solutions every day. I’m passionate about great ideas and inspired by the entrepreneurs who bring them to life (ever seen someone cry happy tears over your prototype?). I'm fortunate to work with people who share my passions and inspire me every day. Together, we're working non-stop to create cool things that empower entrepreneurs and business owners, like Supportedly.com, the place to find entrepreneurial support programs, events, and actionable content like The Supportedly Podcast. To all the providers and entrepreneurs they support, thanks for letting me tell your stories, and if you’re reading this, I hope we’ve helped make your entrepreneurial journey just a little be easier and maybe even more exciting!
Elaine D. Bolle
Elaine D. Bolle is an Advisor and Board Director for several leading companies and enterprises. She is an active investor who helps young companies with their ventures and sits on the RTP Capital board as well as a member of the board of directors on the Council for Entrepreneurial Development. She is an expert in helping companies that are rapidly changing and have high growth potential.
Mark Friedman is the President and Director of RTP Capital, a network of angel investors who offer mentorship to early-stage companies and entrepreneurs. He has held high-level positions in many large companies in the roles of operations and as an investor. Mark has influenced companies in many different sectors including retirement planning, real estate, financial services, and healthcare. He holds a Certified Financial Planner designation and has a bachelor’s degree from the University of Rochester.