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Provide value beyond funding from "summary" of Angel by Jason Calacanis
As an angel investor, your role goes beyond just writing a check. Sure, funding is important - it's the fuel that helps startups get off the ground and grow. But if you want to truly make a difference in the success of a startup, you need to provide value beyond funding. This means leveraging your experience, expertise, and network to help the founders navigate the challenges of building a successful company. It means being a mentor, a sounding board, and a cheerleader all in one. It means rolling up your sleeves and getting your hands dirty when necessary. Providing value beyond funding also means being proactive in your support. Don't just sit back and wait for the founders to come to you with problems - actively seek out opportunities to help them succeed. Whether it's making introductions to potential customers, partners, or investors, or offering strategic advice based on your own experiences, your goal should be to add real, tangible value to the startup. Remember, startups are like roller coasters - they have their ups and downs. As an angel investor, your job is to be there for the founders through it all. Celebrate their wins with them, but more importantly, be there to support them when things get tough. Your unwavering support and guidance can make all the difference in helping a startup weather the storms and come out stronger on the other side. So, the next time you write a check for a startup, remember that your investment goes beyond just money. Your real value lies in the support, guidance, and mentorship you provide to the founders. Be a true partner to them, and you'll not only help them succeed - you'll also find fulfillment and satisfaction in knowing that you played a crucial role in their journey to success.
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