Article via Communitech News – Founders often ask me what angels look for when they’re choosing where to invest, and the truth is, not all angels have the same priorities when it comes to investment choices. However, here are some general principles for founders to consider when they’re preparing their pitches.
No matter how early-stage you are, it’s important to let your potential investors know that you’re thinking intentionally and deliberately about an exit strategy. Communicating clearly that an exit strategy is on your radar can be crucial to demonstrating that you’re responsible and trustworthy. An important component of developing your exit strategy is doing your research so that you can speak knowledgeably about how you create value in your market.
So what are some common mistakes founders make when they outline their exit strategy? How can you be realistic about your exit strategy?