Pitch An Angel With Hustle, Angela Lee | TSP061
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Episode Summary
Angela Lee is the CEO and Founder of 37 Angels, a community of woman investors who are passionate about investing in early stage companies. Angela’s goal is to bring the number of women investors up from 13% to 37% and provides a ton of helpful resources through her website on how woman interested in this space can get into investing. She shares her criteria for what she looks for in a founder and what she likes to see in a pitch on the show.
What Was Covered
- 05:00 – Angela became an investor by accident.
- 06:40 – What kind of qualities does Angela look for?
- 09:50 – You have to fundraise in an organized way.
- 11:30 – Why did Angela create 37 Angels, 3 years ago?
- 13:40 – Investors do not have all the power. The power is shared equally because both the entrepreneur and the investor want the same thing.
- 14:15 – Who is Angela’s ideal founder?
- 15:10 – Angela talks about the various industries she and her team likes to invest in.
- 18:10 – How should someone pitch Angela?
- 18:25 – Don’t pitch the product, pitch the business. The product will most likely change.
- 20:15 – We live in a world where we can do so much for so little from a monetary perspective.
- 21:25 – What are the three instances where your customer is going to use your services?
- 25:00 – Typically, for each million you want, you will give 20-25% equity for it.
- 26:10 – Angela recommends two books.
- 27:45 – 37angels.com has extensive resources that are helpful to founders.
- 28:15 – Not all accelerator programs are created equal.
- 29:00 – Angela loves Hire An Esquire.
- 29:10 – By 2020 – 40% of our workforce is going to be freelance.
- 30:40 – Angela will often ask a founder, ‘Why?’
- 31:35 – 37 Angels is an angel investor network as well as a training program for aspiring women investors.
Tweetables
[Tweet “Be a self-aware, organized, hustler.”]
[Tweet “Be thoughtful in your pitch.”]
[Tweet “Intend to show exit options.”]
[Tweet “Show many ways to find customers.”]
Links Mentioned
JRobinett Enterprises
Traction by Gabriel Weinberg and Justin Mares
How Full Is Your Bucket by Tom Rath
Hire An Esquire
37 Angels
37 Angels Twitter
Angela Lee Twitter
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