In part, that’s because running a startup is as intensely personal as it gets. When you build a company yourself, that business is your baby. Most startup founders put so much more than their time into these endeavors – they commit their full focus and, often, the bulk of their savings too.
So it stands to reason that morale ends up being absolutely critical to a startup’s success… and, in turn, to the amount of money you can make from it.
The great news is that, as an angel investor, you have tremendous power to nudge things in the right direction. That’s the glory of early-stage businesses: it’s easy, and even encouraged, to forge personal relationships with the entrepreneurs running the show.
For example, I’m currently invested in an early-stage company that could be the next in line to completely revolutionize a $100 billion industry.
This small startup has only been around for three years – but it’s already making big waves. You see, this startup’s technology could solve some of the world’s biggest problems…
Cybersecurity threats… identity theft… even fraud.
But there’s more to it than just the tech. The founder is a highly experienced entrepreneur who’s spent decades in this space.
The best part? We talk on the phone all the time. I get personalized updates on how the business is going. And I know that if I give this startup’s founder my advice, he’s likely to take it. All those things add up to a much, much higher chance of success.
Which reminds me… I know for a fact that this startup is still accepting investments. Just click here if you’re interested.
In the meantime, let’s talk strategy. When it comes to my own portfolio, there are three main ways that I keep my entrepreneurs motivated – and it’s made a huge difference for my bottom line.
Check out the video above to learn what they are.
Until next time,
Neil Patel
Follow @angelsandentrepreneurs
