Being an angel investor in 2019 is nothing like it used to be – even just a decade ago.
Today, just about everything is connected on the internet. You can view SEC documents, make investments online, and do more independent research on a startup than ever before.
One of the absolute greatest changes brought about by the internet is the potential to launch an online angel investing network. Imagine a website with thousands of members – maybe even hundreds of thousands – all of whom source, vet, and discuss deals together.
Investing as part of a network comes with countless benefits: the ability to cover more bases, spread out the due diligence workload, hear a variety of perspectives from people from all walks of life… the list goes on.
Not to mention the fact that investing alongside other angels is one of the best ways to secure higher profits and make smarter decisions.
Now, “real world” angel investing networks have existed for decades already. The only problem? They’re elite, exclusive, only exist in entrepreneurial “hub cities,” and often require members to pay them tens of thousands of dollars annually in dues.
And that used to work just fine, back before the JOBS Act opened the doors for millions of everyday Americans to become angel investors. Today, however, just about anyone over the age of 18 is eligible to invest in startups.
I believe that all angel investors should have access to some kind of investor network – not just those who have a Gates or a Bezos in their phonebook, or a million bucks in their bank account.
That’s why I started the Angels & Entrepreneurs Network. It’s an online platform for angel investors, startup founders, and working professionals that comes with all the benefits of the “exclusive” clubs… but is open to absolutely everyone.
But we should also talk about a different kind of network that every angel investor should know about: social media. I see far too many startup investors failing to leverage this incredible resource.
I’ve said it before that you should always Google a startup and its founders before you think about investing. If nothing comes up, that spells trouble.
And social media is no different. In fact, I’d argue that it’s one of the most powerful tools you can use to get a glimpse into a startup’s market traction.
Just check out the video above to see what I mean.
Until next time,
July 30 2019