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MIT Enterprise Forum: Meet the Angels Panel – March 8, 2011
Angel investing is a passion among private investors. According to Byron B. McCann, Co-chair of the NW Energy Angels, angels want their entrepreneurs to succeed so they will succeed as well. One key point in the collaboration between investor and entrepreneur is the need to communicate, especially after the investment has been made. Entrepreneurs will most likely need investor support down the line and this support will be forthcoming if the entrepreneur has not stopped selling the company to the investor right after closing the round. Rather, being transparent after the investment is important so the investor will not be surprised. This generates trust. Trust equals support. Support most often means more money. So, entrepreneurs, keep selling is a daily mindset to investors and everyone, even your spouse.

Thank you to John Cook at GeekWire for highlighting these comments!

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