WJR Business Beat

WJR Business Beat with Jeff Sloan: Angel Funding In Our Local Startup Ecosystem (Episode 273)

Jeff: Good morning, Paul!

We’ve made it clear here on the Business Beat just how important angel funding is to any startup ecosystem. You see, no matter how good your startup concept is, many of these startups just can’t get off the ground without acquiring outside funding – obtaining a bank loan to finance your startup?

So what to do? Well, you source angel funding. Angels are qualified individual investors who invest either directly as an individual into startups or as part of an angel group at the earliest stages in exchange for equity in the company. Now one local angel important to our regional startup ecosystem is Dan Bober.

We caught up with Dan and asked him why, in his retirement, and he’s focused on investing his hard-earned dollars into a portfolio of startup companies. Dan.

Dan: One, certainly everyone is looking for an above average stellar sort of return. And then secondly, every angel investor I know really is looking to participate to help out entrepreneurs and be engaged and help them grow a business.

You want to contribute. You want to introduce them to people, grow their social and investing circles. I got into angel investing several years ago, as I had retired, I had wanted to certainly diversify my investments. More importantly, particularly in the Detroit, in Southeastern Michigan area, I had wanted to help contribute and help grow the ecosystem here that is sustaining a number of entrepreneurs across a number of different businesses.

Jeff: We’re so thankful to have angel investors like Dan and our community, and can’t recommend highly enough, but if you’re in the market for startup funding, sourcing angel funding can be a true match made in heaven.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR. This segment brought to you by Dell Technologies.

On today’s Business Beat, Jeff explains the importance of angel investors, featuring a few words from Dan Bober, a successful local angel investor in the Detroit and Southeastern Michigan area.

Tune in to the Business Beat, below, to learn more about the why you should source angel investors for your startup:

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at [email protected] and we’ll feature you on an upcoming segment of the WJR Business Beat!

Jeff: Good morning, Paul!

We’ve made it clear here on the Business Beat just how important angel funding is to any startup ecosystem. You see, no matter how good your startup concept is, many of these startups just can’t get off the ground without acquiring outside funding – obtaining a bank loan to finance your startup?

So what to do? Well, you source angel funding. Angels are qualified individual investors who invest either directly as an individual into startups or as part of an angel group at the earliest stages in exchange for equity in the company. Now one local angel important to our regional startup ecosystem is Dan Bober.

We caught up with Dan and asked him why, in his retirement, and he’s focused on investing his hard-earned dollars into a portfolio of startup companies. Dan.

Dan: One, certainly everyone is looking for an above average stellar sort of return. And then secondly, every angel investor I know really is looking to participate to help out entrepreneurs and be engaged and help them grow a business.

You want to contribute. You want to introduce them to people, grow their social and investing circles. I got into angel investing several years ago, as I had retired, I had wanted to certainly diversify my investments. More importantly, particularly in the Detroit, in Southeastern Michigan area, I had wanted to help contribute and help grow the ecosystem here that is sustaining a number of entrepreneurs across a number of different businesses.

Jeff: We’re so thankful to have angel investors like Dan and our community, and can’t recommend highly enough, but if you’re in the market for startup funding, sourcing angel funding can be a true match made in heaven.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR. This segment brought to you by Dell Technologies.

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