Kamis, 22 Juli 2021

Startups and Olympic Gold - What they have in common

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Dear Angel Insights Reader,

Getting into angel investing can feel a little like trying to find an open door on a jump-rope team.

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While team jump roping is not a recognized Olympic sport, athletes in 33 different sports go through their version of funding rounds to make it to the Olympics, or pro-level performance and compensation.

Like startup companies, not all athletes are created equal, and the failure rate is really high. However, just like a good startup with proper funding, almost any disciplined athlete can further their skill development, competitive performance and global recognition.

In sports, angel investors are corporate sponsors who leverage that athlete's potential performance to increase their brand awareness. Without this capital, athletes can't pay for training, physical therapy and other conditioning support to succeed.

In business, angel investors fuel startups from moving from Mom-and-Pop businesses to companies with hundreds and thousands of employees.

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