Angel investing is part art, part science.
Oftentimes you trust your gut when deciding to put your finances, effort, and time into a company. In the early stages, you partner up with friends and family, and you choose your investments based on whether you like those people or not. But, as you move further down the spectrum, it becomes more science.
In today’s episode, Steve and I discuss how to choose the companies you want to financially support, and also, some of the red flags for angel investing.
Steven MacDonald is a serial entrepreneur who founded, among others, TechHealth and myMatrixx – the first web-enabled pharmacy benefits manager. The successful experiences in the entrepreneurial world led Steve into angel investing and now he is a Partner and a Board Member at Florida Funders and he helps find, fund, and build the next generation of technology companies in Florida.
So, listen to Episode 06, to learn, from an expert in the field, what are the rewards of angel investing and how you can actively be involved in the companies you want to support.
Listen on Apple Podcast
Questions I ask:
- While you were building myMatrixx, what were some of the things that you learned, lessons learned as an entrepreneur, that maybe even help you as an angel investor today? (04:00)
- When and how did you start angel investing? (05:31)
- What do you look for in a founder? What is it that excites you? And why you want to invest in this founder and not that founder? And is the founder the most important thing? (11:38)
- What are some of the things that you, as a board member and investor, can help a company with? (17:05)
- What differences do you see between the startup community and investing in Silicon Valley, San Francisco versus Florida? (20:45)
In this episode, you will learn:
- Steve’s background in the business world. (01:54)
- The reasons angel investing is viewed as part art, part science. (06:03)
- What to look for, when considering to invest in a company. (10:27)
- Our processing power and Moore’s law – the two essential components that spin the wheel of technology advancement. (14:46)
- Steve’s favorite companies that he has invested in. (20:00)