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Build relationships with entrepreneurs from "summary" of Angel by Jason Calacanis
To be a successful angel investor, one must understand the importance of building relationships with entrepreneurs. This is not simply about making connections or networking; it goes much deeper than that. Building relationships with entrepreneurs is about establishing trust, mutual respect, and a shared vision for the future. When you take the time to build relationships with entrepreneurs, you are showing them that you are more than just a source of funding. You are showing them that you are invested in their success and are willing to support them in any way you can. This can be through mentorship, introductions to other key players in the industry, or simply being a sounding board for their ideas. By building relationships with entrepreneurs, you are also positioning yourself as a valuable resource for them. As an angel investor, you bring a wealth of knowledge and experience to the table, and by establishing a strong relationship with entrepreneurs, you are giving them access to that knowledge and experience. This can be incredibly valuable for a startup, especially in the early stages when every decision can make or break the company. Furthermore, building relationships with entrepreneurs can also lead to future investment opportunities. When you have a strong relationship with an entrepreneur, they are more likely to come to you first when they are looking for funding for their next venture. This can give you a competitive edge in the deal flow and allow you to get in on the ground floor of potentially lucrative opportunities.- Building relationships with entrepreneurs is essential for any angel investor looking to succeed in the world of startup investing. By establishing trust, mutual respect, and a shared vision for the future, you can position yourself as a valuable resource for entrepreneurs, increase your deal flow, and ultimately increase your chances of success in the highly competitive world of angel investing.
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