What Every Angel Investor Wants You to Know: Summary Review
This is a summary review of What Every Angel Investor Wants You to Know containing key details about the book.
What is What Every Angel Investor Wants You to Know About?
What Every Angel Investor Wants You to Know by Brian S. Cohen and John Kador is a book that provides practical advice and insights for entrepreneurs seeking angel investment, covering topics such as how to identify potential angel investors, how to pitch and negotiate with investors, and how to build successful relationships with investors. The book also provides guidance for angel investors on how to evaluate and select investment opportunities, manage their investments, and help their portfolio companies succeed. Overall, the book offers a comprehensive guide to the angel investing process from both the entrepreneur and investor perspectives.
What Every Angel Investor Wants You to Know provides a rare look inside the minds of people who are in the business of funding businesses just like yours. The author knows how to spot a great company destined for success, and in this groundbreaking book he offers soup-to-nuts guidance for any entrepreneur seeking to launch an invention, a product, or a great new idea into a receptive marketplace.
Summary Points & Takeaways from What Every Angel Investor Wants You to Know
Some key summary points and takeaways from the book include:
* Understand what angel investors are looking for: Angel investors are looking for startups with strong teams, a solid business plan, and the potential for high returns. They are also looking for companies that have a clear path to profitability and a strong competitive advantage.
* Be prepared to give up equity: Angel investors are looking for a return on their investment, so be prepared to give up a portion of your company in exchange for funding.
* Know your numbers: Investors want to see that you have a solid understanding of your business and its financials. Be prepared to provide detailed financial projections and know your key performance indicators (KPIs).
* Build relationships: Angel investors invest in people as much as they invest in businesses, so focus on building relationships with potential investors. Attend networking events and build a strong online presence to increase your visibility.
* Be coachable: Investors want to work with entrepreneurs who are open to feedback and willing to make changes based on that feedback. Be open to constructive criticism and show that you are willing to learn and adapt.
* Be patient: The process of raising angel funding can take time, so be patient and persistent. Follow up with potential investors and keep them updated on your progress.
* Focus on creating value: Investors want to see that you are focused on creating value for your customers, not just making money. Show that you have a deep understanding of your customers' needs and are committed to delivering a high-quality product or service.
Who is the author of What Every Angel Investor Wants You to Know?
Brian Cohen is a bestselling author. He was the first investor in Pinterest and numerous other industry leading startups.
John Kador is a bestselling business author and ghostwriter on leadership, finance, entrepreneurialism, and business ethics. He's the author or co-author of over 25 books, including What Every Angel Investor Wants You to Know, The Manager's Book of Questions, and Effective Apology.
What are good quotes from What Every Angel Investor Wants You to Know?
“Firstrate team with a second-rate idea will always outperform a second-rate team with a first-rate idea.”
“Burning bridges with one investor can cut off multiple sources because of their extensive networks.”
“The problem is, when are we ever satisfied?”
“Passion is an excellent guide for choosing hobbies but less so for choosing a business.”
“While some groups charge a fee for founders to make pitches, I don’t think entrepreneurs should be asked to pay anything. The angel investors are certainly rich enough and smart enough to get sponsors to offset any administrative costs.”
“Depending on the circumstances, they will invest either in the form of a Convertible Note (but with a cap on valuation),”
Book details
- Print length: 256 Pages
- Genre: Business, Entrepreneurship, Nonfiction
What are the chapters in What Every Angel Investor Wants You to Know?
Chapter 1: Angel Investing Is a Contact Sport
Chapter 2: Early Stage Investing and Why Angels Are Your New Best Friend
Chapter 3: Let's Get to Know Each Other
Chapter 4: What I'm Looking for in an Enrepreneur
Chapter 5: What I Look for in the Pitch
Chapter 6: Every Business Starts with a Belief
Chapter 7: Investor Raising vs. Money Raising
Chapter 8: Don't Hurt the One Who Love You
Chapter 9: Going Belly to Belly with Your Customer
Chapter 10: Due Diligence and Do Diligence
Chapter 11: Accelerators, Incubators, and Crowdfunding
Chapter 12: It's All About Treammanship
Chapter 13: Getting to No Is Just as Improtrant as Getting to Yes
Chapter 14: Iterating the Startup
Chapter 15: Baking in the Exit from the Beginning
Chapter 16: Due Diligence Checklist
Chapter 17: The New York Angels Term Sheet
Chapter 18: Five Indispensable Tools Founders Can Use to Do Due Diligence on Angels
Chapter 19: Own Your Venture Equity Simulator
What do critics say?
Here's what one of the prominent reviewers had to say about the book: "Chock full of real world advice, honest self appraisals, and good chewy information that I wish I had when I went out to raise money." — Fast Company
* The editor of this summary review made every effort to maintain information accuracy, including any published quotes, chapters, or takeaways. If you want to enhance your personal growth, I recommend checking out my list of favorite personal growth books. These books have played a significant role in my life, and each one includes a summary and takeaways to help you apply the concepts.
Chief Editor
Tal Gur is an author, founder, and impact-driven entrepreneur at heart. After trading his daily grind for a life of his own daring design, he spent a decade pursuing 100 major life goals around the globe. His journey and most recent book, The Art of Fully Living, has led him to found Elevate Society.
