The New Mexico Angels have joined forces with ABQid to increase quality interactions between early-stage startup companies and angel investors. The organizations aim to support startup founders with connections and feedback with the goal of helping them to potentially receive investment in their business venture. Roundtables are private events between founders and investors. Startups must apply online for consideration. The next Roundtable takes place on February 12.
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Identify Specialty Before Looking for Investors
Holly Bradshaw Eakes, Principal, The Holly Company Business Consultants
The greatest challenge an entrepreneur may face is finding capital to launch a business, especially when the business idea is related to high-cost startup such as that found in the technology sector. For an entrepreneur with realistic plans for rapid business growth and the potential to scale to larger markets, trading partial ownership for capital may be the only option.
Venture capitalists currently fund about one out of every thousand startups. With the odds stacked against obtaining equity capital, an entrepreneur must identify the investors most likely to invest in his business. Determining which source to pursue depends largely on industry focus, business stage and the amount of money needed. A handful of equity investors have offices in New Mexico and actively pursue investments in the state.