Are Angel Investors Saviors or Propagators of Dip$#!t Companies?
by Adam J. Kovitz
A recent article in VentureBeat mentioned a keynote by angel investor Ron Conway at AngelConf as saying that every entrepreneur with the "guts" to do their own startup should get funded.
Contrary to that opinion, TechCrunch Editor Michael Arrington, when interviewed, expressed concern from a Venture Capitalist standpoint that the growing angel investor movement is training "an entire generation of entrepreneurs who are building dipshit companies".
In today's economic reality where jobs are scarce, corporate ethics are practically non-existent, banks aren't lending and political corruption reigns supreme, I am more sympathetic to Mr. Conway's point of view. I also believe that a "dipshit" company is something that is very subjective and hard to properly define with an executive summary, business plan or P&L statement.
And while the reality is that there are many business models that are simply not viable or worthy of consideration, they might be with the proper training (by such organizations as CEO Space and the like), there is still an urgency, now more than ever to get startups funded. We cannot take too conservative a point of view - I don't believe that business should be conservative - it is about taking risks. Proper funding is the key to job creation, innovation and a healthy economy - if we don't make this investment now, we will be dying a very slow and painful death.
We at TNNWC are about Empowering Emerging Enterprises through Capital, Traffic Building, International Customers and unique services. We stand in the corner of every entrepreneur and emerging enterprise worldwide, ready to assist them in their success. Expect more rollouts of our unique services over the next several months as well as information on them in our sister TNNWC publication: The BLUE TUESDAY Report.
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All my best,
Adam
www.TheNationalNetworker.com
http://adamjkovitz.blogspot.com
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