On today’s Business Beat, Jeff speaks with Marcia Dawood, chair of the Angel Capital Association Board of Directors, regarding the advantages of angel funding to finance and launch a business.
Tune in to the Business Beat, below, to learn more about the advantages of working with angel investors:
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!
Good morning, Paul!
Jeff Sloan: Today’s Business Beat, presented by AccessPoint. I had an opportunity recently to interview Marcia Dawood, chair of the Angel Capital Association board of directors regarding the critical importance of angel funding as it relates to the objective of getting early stage companies financed and launched. Marcia, we believe at the Business Beat that angel funding is the most important type of funding for the earliest stages.
Marcia Dawood: You’re absolutely right. We wouldn’t have companies like Home Depot, even Facebook, Google, you know, people always talk about oh, they’re such big companies. They literally did get started in a garage where if they hadn’t gotten some early capital, they wouldn’t have ever gotten off the ground.
Jeff Sloan: What advantages does angel funding provide, Marsha?
Marcia Dawood: One of the things that angels bring is a lot of mentorship and expertise, and they bring their network. So in a lot of cases, these early companies, they need customers. They need more than just money. They need advice. They need mentorship. They need some doors to be opened for them. And the best way to do that is to get angels involved who have more of a, uh, a broader network that they can access.
Jeff Sloan: And for our listeners who may want to start investing in startups as an angel investor, what’s required?
Marcia Dawood: So in order to make an investment as an accredited angel, as you mentioned, you do have to have a certain level of income or wealth. It’s $200,000 of income annually, 300 with your spouse. Or a million dollars in net worth minus your home. Now that is what will give you the ability, according to the SEC guidelines, to actually make a private investment, which any angel investment is a private investment, as opposed to what’s out there on the public markets.
Jeff Sloan: To learn more, go to angelcapitalassociation.org or visit startupnation.com.
I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat, brought to you today by Dell Technologies, on the Great Voice of the Great Lakes, WJR.